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Dr. Dre

Getting $3 BILLION for Beats!!

Apple Deal Reportedly Close

5/8/2014 4:15 PM PDT BY TMZ STAFF
breaking news

Dr. Dre Selling Beats Apple
Dr. Dre could be days away from being the first rapper turned BILLIONAIRE ... thanks to a mega-deal for Apple to snatch up his Beats Electronics brand.

Apple will reportedly buy Beats for a whopping $3.2 BILLION -- and since Dre and Interscope honcho Jimmy lovine created the brand ... it's a safe bet they will walk away with a huge chunk of that cash.

Dre and Jimmy started the brand back in 2008 with headphones -- but now they're also making bank off speakers, car audio systems, and a streaming service.

The deal could close next week ... and would be Apple's biggest acquisition ever. 

Dre came in #2 on Forbes' most recent list of hip hop's wealthiest artists -- with a net worth of $550 million ... while Diddy was #1 at $700 million.

The Apple deal -- first reported by Variety -- could easily push the Doc to the top of that list. This would also explain his purchase of Tom Brady's mansion

Keep their heads ringing. 

197 COMMENTS

No Avatar
61.

Black Adam    

Those Headphones have terrible sound quality. Ignorant people buy them for a fashion statement. You will always find a pair at a Bus Stop in the Projects.

135 days ago
62.

OBAMA2016    

Damn 3 billion!!!!

135 days ago
63.

BoredAgain    

Ring, ding, dong! Ring-a-ding, ding, ding, dong!

135 days ago
64.

Cookie35    

Congrats! But u people buying beats... they sound just like Sony!!! U are paying for the name!!

135 days ago
65.

LeeInOceanside    

Hope he croaks.

135 days ago
66.

Mark    

Does this make him the richest gay man?

135 days ago
67.

tgrfan42069    

think beats by dre are over saturating society now..wait till apple gets ahold of them

135 days ago
68.

Texas45     

Why did they buy Beats? Because they can! What is 3 billion to Apple? It's like $100 to you and me. They are sitting on $150 Billion. The way they look at it? They get rid of a competitor and bring in their talent on the cheap. The Beats Accessories Biz will be another avenue to tap into a particular demographic. Apple is not stupid....this move was about the overseas market...where the Beats brand has traction. When a kid in China see's Lebron James wearing Beats.....what do you think he is going to buy.....a pair of Bose? It's all about the Brand & Star Power!

135 days ago
69.

Yurra Knutz    

...Hey you! Sittin over there
You better get up out of your chair
And work your body down

No time to funk around, cause we gon'
Funk you right on up
So get up
get a move on and get your groove on...

135 days ago
70.

bonnie bell    

Now what?...and another dollar won't another minute buy.

135 days ago
71.

myopinion    

Great deal Dre!

135 days ago
72.

LetsBeReAL    

Why the hell would Apple buy Beats?????? Dr. dre and Jimmy Lovine are the big winners here, folks. How could Apple value Beats at that price? Overpriced headphones and soundsystems???? I rather pay $9 for a pair of headphones because I hear music JUST THE SAME. It's like paying $$$$ for BOSE systems. What a dumb deal, apple. Steve Jobs wouldn't have made this deal. Who's running apple nowadays anyway?

135 days ago
73.

Edddie Nash    

From Compton to Billionaire. Makes the Hub City proud. Mr. Young gives back too. Donated 35 million to USC and is building a brand new state of the art rec center/recording studio/and job training facility in Compton.

135 days ago
74.

dee    

I love this guy, so smooth.

135 days ago
75.

EnquirerLover    

Ci Roc Nation that gentlemen!! This man is now in the league of the DONALD'S!! Actually he should be the person given first dibbs at buying the Clippers. He truly can afford it. So TMT, Bird man, Rick Ross and the others? Bow to your new headman! Well done Dr Dre. And to be honest, he keeps himself away from controversy and media whoring and spends time in the mix of his business. Maybe Obama could learn a thing or two as well, on leadership and focus.

135 days ago
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