Saturday, May 10, 2014

Forbes To Dr. Dre -- Not So Fast ... You're No Billionaire

Dr. Dre better stop counting his chickens before they hatch calling himself the "first billionaire in hip hop" a rep for Forbes tells TMZ, once the $3.2 Billion Apple deal is finalized the rap mogul will NOT hit the billion dollar mark.

Forbes Assistant Managing Editor for Wealth says they've done the math, and after state and federal taxes Dre will be worth in the neighborhood of $800 million.

It appears Dre only owns 25% of the company so the max he'd make off the sale is $800 MIL. After state and federal taxes, he's left with $480 MIL, and when you add in Dre's other assets, that's how Forbes now comes up with $800 MIL. Close but no cigar.

The editor says, "Not quite enough to debut on the Forbes 400 but plenty for bragging rights.”

In the words of Ice Cube - check yo self before you wrickity-wreck yo self.

See also 
Dr. Dre Celebrating $3.2B Deal with friends
Forbes wealthiest Hip Hop Rappers
First announcement of acquisition by Apple to Dr. Dre's Deal


No comments:

Post a Comment