Since news emerged that Apple was
acquiring Dr. Dre’s headphone Beats by Dre for $3.5 billion, the hip-hop
community has been agog with the news. Even Dre can’t wait for the deal to sail
before announcing to the world in a video. But in a new report TMZ, Dr. Dre might not
celebrate yet. Read the report below.
Dr. Dre better stop counting his chickens
before they hatch -- calling himself the "first billionaire in hip hop" -- a rep for Forbes tells
TMZ, once the $3.2 Billion Apple deal is finalized ... the rap mogul will NOT
hit the billion dollar mark.
Forbes Assistant Managing Editor for Wealth tells us ... they've done the math, and after state and federal taxes ... Dre will be worth in the neighborhood of $800 million.
It appears Dre only owns 25% of the company ... so the max he'd make off the sale is $800 MIL. After state and federal taxes, he's left with $480 MIL, and when you add in Dre's other assets, that's how Forbes now comes up with $800 MIL. Close but no cigar.
The editor says, "Not quite enough to debut on the Forbes 400 but plenty for bragging rights.”
In the words of Ice Cube ... check yo self before you wrickity-wreck yo self.
Forbes Assistant Managing Editor for Wealth tells us ... they've done the math, and after state and federal taxes ... Dre will be worth in the neighborhood of $800 million.
It appears Dre only owns 25% of the company ... so the max he'd make off the sale is $800 MIL. After state and federal taxes, he's left with $480 MIL, and when you add in Dre's other assets, that's how Forbes now comes up with $800 MIL. Close but no cigar.
The editor says, "Not quite enough to debut on the Forbes 400 but plenty for bragging rights.”
In the words of Ice Cube ... check yo self before you wrickity-wreck yo self.
additional report from www.tmz.com
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