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The fabulous life of Dr. Dre, one of the wealthiest men in hip-hop
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HTC CEO Peter Chou, Dr. Dre, and Jimmy Iovine.
With an estimated net worth of $710 million, Dr. Dre is one of the wealthiest men in hip-hop. Only Diddy, with an estimated wealth of $735 million, is worth more.
According to Forbes, Dr. Dre earned a whopping $620 million before taxes in 2014, the biggest paycheck of any entertainer in history.
Apple acquired Beats Music and Beats Electronics, the music company Dre started with Jimmy Iovine in 2008, for $3 billion in May 2014.
Considering it’s been over two years since Dr. Dre cashed in on the Beats deal, we thought it’d be fun to take a look at the fabulously wealthy rapper and how he spends his millions.
Dr. Dre, born Andre Romelle Young, has had a prolific rap career dating back to the 1980s. Through Aftermath, a division of Interscope, he helped launch the careers of both Eminem and 50 Cent.
Source: WSJ
Dre still does some performances from time to time. In 2012, he headlined Coachella with Snoop Dogg.
Dre married attorney Nicole Threatt in 1996. Together they have two young children: a son named Truice and a daughter named Truly.
Dre teamed up with Interscope Records chairman Jimmy Iovine to launch Beats Electronics in 2006. The first Beats by Dr. Dre headphones were released in 2008.
Source: Beats by Dre
Since then, the headphones have been endorsed by athletes like Lebron James.
Seattle Seahawks cornerback Richard Sherman sports his own pair.
Other musicians, like Will.i.am, have also shown their love for the brand.
Rapper Lil Wayne sat courtside with his own custom Beats headphones, which appear to be the same pair that LMFAO infamously wore during their 2012 Super Bowl performance. Customized with 114 carats of diamonds by Graff Diamonds, they’re valued at $1 million.
For his Spring Fashion Week show in September 2014, Marc Jacobs provided each attendee with a pair of Beats by Dr. Dre headphones.
In May 2014, Apple acquired Beats Electronics, which manufactures the famous headphones, and Beats Music, the company’s streaming service. The combined purchase price was a cool $3 billion.
Source: Apple
When news of the deal broke, Dr. Dre and Tyrese filmed a celebration video claiming that Dre would be hip-hop’s very first billionaire. As of May 2016, his net worth is estimated to be about $710 million.
Source: Forbes
Just a few weeks after the Apple deal was announced, word spread that Dre had paid $40 million for the 14,000-square-foot Brentwood mansion that New England Patriots quarterback Tom Brady and supermodel Gisele Bundchen had built from scratch.
Highlights include a moat, sweeping terraces, and an infinity pool with views of the Pacific Ocean.
Click here to see more photos of the mansion »
Dre reportedly plans to build a 10,000-square-foot music studio underneath the mansion.
Source: Curbed
In January 2015, he sold his other home, a 9,696-square-foot mansion in the Hollywood Hills. The reported sale price was a whopping $32.5 million.
Click here to see more photos of the mansion »
In addition to the new Brentwood digs, Dre and Threatt also own an eight-bedroom home in Woodland Hills. They paid about $2.4 million for the house in May 1999.
Source: Variety
There’s also the 8,800-square-foot home on Malibu’s Carbon Beach, also known as Billionaires Beach. It appeared on the market for $12.5 million in 2012, but it doesn’t appear to have been sold.
Source: Variety
Dre owns a 5.79-acre plot of land in Hidden Hills. It’s currently on the market for $14.5 million.
Source: Redfin
Dre is known to have an affinity for flashy cars. He’s been spotted driving a black Rolls-Royce Phantom Coupe, valued at an estimated $450,000.
He’s also been seen with a white Bentley Coupe, said to have been a gift from Eminem. That was one expensive gift — this particular model of car can cost more than $200,000.
Dre always travels in style. Here he is with Gwen Stefani on a private jet on the way to Apple’s iPhone 6 and Apple Watch announcement.
In 2014, rapper Xzibit shared photos from a summer vacation he took with Dre and Threatt. A group of friends spent more than a week sailing around the Mediterranean on a private yacht.
It wasn’t clear if Dre had purchased the yacht, called “Naia,” or just chartered it for a few weeks. They did some jet skiing off of the back of the yacht.
Guests enjoyed a large spread of food on the deck.
And, of course, the views were amazing.
Despite his fabulously wealthy lifestyle, however, Dr. Dre admitted to Rolling Stone in 2015 that he suffers from social anxiety, and often prefers to be secluded and out of the limelight.
Soon, Dr. Dre will reportedly star in Apple’s first scripted TV show, which the company is developing right now. The producer/rapper will also get an executive producer credit on the show, titled “Vital Signs.”
According to The Hollywood Reporter, “Vital Signs” will be a six-episode “semi-autobiographical” series, described as a “dark drama with no shortage of violence and sex.” It’s said to be an Apple Music exclusive.
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