Peter Csathy, former president of Musicmatch, told Forbes“Forbes Magazine calculated that after capital gains taxes, the deal would actually leave Dre about $200 million shy of being a billionaire. And his new net worth of around $800 million would not be enough to land him a spot on the Forbes 400.
But it would catapult Dre’s worth ahead of Puff Daddy, who currently tops the magazine’s rap-to-riches list with a net worth of $700 million. Dre, whose real name is Andre Romelle Young, is second at $550 million.”
“Beats has a unique brand. It speaks to a nice young demographic, which is really interesting to marketers.” Congratulations to the Hip Hop Pioneer and Entrepenure that remains in the lime light, and reminding people not to forget about Dre.