Dr. Dre is now the richest man in hip-hop
May 30 , 2014
Apple recently bought Beats Electronics for $3 billion, making Dr. Dre, the richest person in hip-hop. Bloomberg notes that the Apple has enough cash to have bought the streaming company at about 50 times more than the present amount.
Moreover, the CEO Tim Cook, is using the pile of money in a more aggressive manner as compared to Steve Jobs.
The deal resulted in making Dr. Dre a billionaire due to his 25 percent stake in the company.