TMZ

Our TV Shows

Got a Tip?

Call TMZ at (888) 847-9869 or Click Here

Forbes to Dr. Dre

Not So Fast ...

You're No Billionaire

5/9/2014 1:31 PM PDT BY TMZ STAFF

0509-dre-forbes
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.

0509-warren-buffett-tmz-01

214 COMMENTS

No Avatar
46.

dontworryaboutit    

dre is still the man!

133 days ago
47.

loki_thegod    

Are all the billionaires on the list cash billionaires?

133 days ago
48.

Officestew    

Where's my comment I hate them N word

133 days ago
49.

alwaysthinkin    

What a loser, only 800 million. I'd never give him the time of day. HA!

133 days ago
50.

Kevin    

You stupid MF y'all know eminen is signed to his label right he do more than just headphones

133 days ago
51.

Mylk_chocllatte    

Nevertheless it's still a huge accomplishment. Congrats DRE

133 days ago
52.

TeeD    

Well duh! How can Dre call himself a business man and NOT know that after taxes and stuff from this deal, he won't be a billionaire. Even I knew that. What an idiot.

133 days ago
53.

Socalpimp    

Yeah right, these rappers never pay taxes....obama pass

133 days ago
54.

Forbes    

More than you tmz ****ers would ever get paid LMFAO.

133 days ago
55.

Socalpimp    

Only street trash brag about wealth........classless thug

133 days ago
56.

jaytisby    

I Love Raquel the show is awesome#STOP HATING ON RAQUEL

133 days ago
57.

Socalpimp    

Since he got rich ripping off urban idiots with his overpriced plastic headphones......he can bankroll his own #bringbackourgirls

133 days ago
58.

MR No    

So DRE IS RIGHT...

$800 MIL + his own personal fortune mansions........

He is FOR SURE the FIRST billionaire rapper.

133 days ago
59.

badallthetime    

Who hater ass counted his chicken tho for him? Let him get 200 mill more then

133 days ago
60.

Zip    

Actually, Forbes' math may be very wrong!!! If Dr. Dre and Jimmy Iovine are going to do a buyout deal, it is the norm that they will keep royalty percentages via some form of ongoing share interest. Now, I don't know if Beats is currently being traded on the stock market, and I doubt it because of all of the advanced public talk by Dre, still, if Dre retains shares of the company within the deal, and Apple begins to trade Beats as stock shares on the stock market, this would be enough, eventually to make him a billionaire.

133 days ago
Previous 15 Comments | 1 | 2 | 3 | 4 | 5 | 6 | 7 | Most Recent | Next 15 Comments

Around The Web