In 2014, Dr. Dre boldly advised Forbes to replace its billionaires listing to incorporate him, and now 12 years later, it seems just like the coveted enterprise publication has. This week, Forbes dropped its up to date “World Billionaires” listing, and for the primary time, Dr. Dre, born Andre Romelle Younger, is on it.
The legendary producer and hip-hop architect joined the three-comma membership, clocking in at a web value of $1 billion, constructed on a long time of music, his Beats headphone empire, and a few strategic actual property strikes. He now ranks as the three,332nd richest particular person on the planet, tied with none apart from Beyoncé.
With this appointment, Dre turns into simply the second rapper on Forbes’ billionaire listing, becoming a member of Jay-Z, who formally crossed that threshold again in 2019 and has since pushed his web value to $2.8 billion via a portfolio that features D’Ussé Cognac, Armand de Brignac Champagne, Tidal, and Roc Nation. Equally, the “Beats by Dre” founder is simply the sixth musician to affix the listing.
Nonetheless, the appointment seems like a full-circle, manifested second for the Compton rapper. In Could 2014, after he and Jimmy Iovine offered Beats Electronics to Apple for $3 billion, Dre famously declared, “They should replace the Forbes listing, sh-t simply modified.” Whereas followers have been fast to have a good time the milestone on the time, the rapper turned entrepreneur walked away from the take care of a reported $500 million, making him the richest rapper alive, however nonetheless in need of billionaire standing.
By 2022, his web value had dipped to round $400 million. The next yr, he offered a portion of his music catalog, together with two solo albums, his share of N.W.A. royalties, and producer royalties, to Shamrock Holdings and Common Music Group for $250 million. Since then, Dre has been stacking wealth via investments and high-end actual property.
Now, practically 12 years after he planted the seed for his billionaire objectives, Forbes is co-signing what Dre mentioned all alongside.
