American super star, Dr. Dre is currently worth $550 million, just after Diddy who has $700 million. He is close to being the first rapper turned billionaire.
The American rapper is reportedly negotiating a mega deal with technology giant Apple. Apple will reportedly buy Beats by Dre, for a whopping sum of $3.2 billion. Apple’s biggest acquisition yet.
The headphone/speaker company was established by Dr. Dre and his business partner Jimmy Iovine and they are expected to take home a huge sum of the cash.
TMZ.com reports that the deal may close next week.
Apple wants a music-on-demand service to rival Spotify, which is a digital music service that gives people access to millions of songs.
Last night, singer Tyrese posted a video where Dr Dre proclaimed himself the first billionaire in Hip Hop. Dr Dre is currently worth $550million.
“Billionaire boys club for real, homie. The Forbes list just changed.… Sh*t just changed!”
Dr Dre added:
“The first billionaire in hip hop, right here from the motherf*cking West Coast.”
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