Dr. Dre and Jimmy Iovine

Apple Set To Purchase Beats Electronics for $3.2 Billion, Dr. Dre Could Earn Up To $1 Billion

(AllHipHop News) Dr. Dre has made more money making headphones than he has ever made making beats and ironically Beats is about to make him even richer. According to reports, tech goliath Apple is planning to purchase Dr. Dre and Jimmy Iovine’s Beats Electronics.

While reports are not solidified, Apple is set to purchase the leader in the U.S. headphone market for $3.2 billion, their biggest acquisitions since Steve Jobs died in 2011. The deal would include Apple claiming ownership of Beats Electronic music subscription service, Beats Music, a competitor for Apple’s iTunes Radio.

Last year, streaming music subscriptions increased as digital downloads experienced their first annual decrease since Apple’s iTunes arrived in 2003.

In August 2011, manufacturer HTC purchased 50.1% of Beats Electronics for $300 million. In less than three years later, Beats Electronics purchased the shares back for $415 million. Dr. Dre accumulated $100 million in pretax earnings from the 2011 sale and could make upwards of $1 billion from the sale with Apple.

Dr. Dre was second on Forbes’ Cash King List for highest net worth among Hip Hop celebrities this year.

  • http://newageoftruth.wordpress.com/2014/05/08/apple-set-to-purchase-beats-electronics-for-3-2-billion-dr-dre-could-earn-up-to-1-billion/ Apple Set To Purchase Beats Electronics for $3.2 Billion, Dr. Dre Could Earn Up To $1 Billion | newageoftruth

    […] Apple Set To Purchase Beats Electronics for $3.2 Billion, Dr. Dre Could Earn Up To $1 Billion. […]

  • http://www.hiphopworldwide.com/apple-set-to-purchase-beats-electronics-for-3-2-billion-dr-dre-could-earn-up-to-1-billion/ Apple Set To Purchase Beats Electronics for $3.2 Billion, Dr. Dre Could Earn Up To $1 Billion | HIP HOP WORLDWIDE

    […] Apple Set To Purchase Beats Electronics for $3.2 Billion, Dr. Dre Could Earn Up To $1 Billion […]

  • http://iammobetter.com/apple-set-to-purchase-beats-electronics-for-3-2-billion-dr-dre-could-earn-up-to-1-billion/ Apple Set To Purchase Beats Electronics for $3.2 Billion, Dr. Dre Could Earn Up To $1 Billion | I Am Mo Better

    […] Filed under: …read more […]

  • http://www.procityvault.com/apple-set-to-purchase-beats-electronics-for-3-2-billion-dr-dre-could-earn-up-to-1-billion/ Apple Set To Purchase Beats Electronics for $3.2 Billion, Dr. Dre Could Earn Up To $1 Billion - Pro City Vault

    […] Apple Set To Purchase Beats Electronics for $3.2 Billion, Dr. Dre Could Earn Up To $1 Billion […]

  • http://bmoregossip.com/apple-set-to-purchase-beats-electronics-for-3-2-billion-dr-dre-could-earn-up-to-1-billion Apple Set To Purchase Beats Electronics for $3.2 Billion, Dr. Dre Could Earn Up To $1 Billion - Bmore Gossip

    […] By Keith Nelson Jr (@JusAire) […]

  • http://www.realtalkurban.com/2/apple-set-to-purchase-beats-electronics-for-3-2-billion-dr-dre-could-earn-up-to-1-billion/ Apple Set To Purchase Beats Electronics for $3.2 Billion, Dr. Dre Could Earn Up To $1 Billion | Real Talk Urban Magazine

    […] Filed under: Headlines, MOBILE, News Tagged: Apple, Beats Electronics, Dr. Dre, Jimmy Iovine AllHipHop.com […]

  • http://allhiphop.com/2014/05/09/hip-hop-rumors-did-dr-dre-just-become-the-first-hip-hop-billionaire/ Hip-Hop Rumors: Did Dr. Dre JUST Become The First Hip-Hop Billionaire? | AllHipHop.com

    […] Peep how he and Tyrese got to poppin’ all the while representing the West Coast! RELATED: Apple Set To Purchase Beats Electronics for $3.2 Billion […]

  • http://neueramediagroup.com/?p=6790 Hip-Hop Rumors: Did Dr. Dre JUST Become The First Hip-Hop Billionaire? : Neu Era Media Group

    […] Peep how he and Tyrese got to poppin’ all the while representing the West Coast! RELATED: Apple Set To Purchase Beats Electronics for $ 3.2 Billion […]

  • http://celebrityfeed.net/2014/05/09/hip-hop-rumors-did-dr-dre-just-become-the-first-hip-hop-billionaire/ Hip-Hop Rumors: Did Dr. Dre JUST Become The First Hip-Hop Billionaire? | CelebrityFeed.net

    […] Peep how he and Tyrese got to poppin’ all the while representing the West Coast! RELATED: Apple Set To Purchase Beats Electronics for $3.2 Billion […]

  • http://107jamz.com/dr-dre-sells-beats-by-dre-to-apple-and-becomes-hip-hops-first-billionaire-video/ Dr. Dre Sell's Beats By Dre To Apple And Becomes Hip Hop's First Billionaire [VIDEO]

    […] to reports, Apple is planning to purchase Dr. Dre and Jimmy Iovine’s Beats headphone empire.  If the deal goes through, Dr, Dre will become Hip Hop’s first […]

  • http://www.howtomakearapsong.com/uncategorized/hip-hop-rumors-did-dr-dre-just-become-the-first-hip-hop-billionaire/ Hip-Hop Rumors: Did Dr. Dre JUST Become The First Hip-Hop Billionaire? | How To Make A Rap Song

    […] Peep how he and Tyrese got to poppin’ all the while representing the West Coast! RELATED: Apple Set To Purchase Beats Electronics for $3.2 Billion […]

blog comments powered by Disqus