When news spread last week that Apple was near an acquisition of Beats Electronics for $3.2 billion, Beats co-founder Dr. Dre appeared in a video boasting of becoming the “first billionaire in hip hop.” Bloomberg's Peter Newcomb examined whether or not that would be true. (Source: Bloomberg)
What did you find out?
Jimmy Lovine has more of a stake than dr. Dre.
It will make Jimmy a billionaire, Dr. Dre will fall in little bit short.
We should not fill story about hi -- feel sorry for him though, because it will be $640 million.
If it is a stock deal, that would lose all of the taxes involved so that will be a lot more.
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
(Bloomberg)
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