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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

216 COMMENTS

No Avatar
61.

Celeb Gossip Addict    

He'll get there. Currently he's worth 550 million in cash and assets. When this deal is done he'll be worth 800 million and more than half of his wealth will be liquid. Him and Jimmy will just create yet another cash making machine like they've been doing.

144 days ago
62.

Ann    

MAYBE THAT'S WHY KIM K IS HOLDING UP THE WEDDING!! KANYE WILL NEVER SEE THAT KINDA MONEY.....LOOK OUT DRE THE KARTRASHIAN GIRLS ARE GETTING 'BOOTY SHOTS' NOW!!!

144 days ago
63.

Big Melon Felon    

Hey Dre...girlfriend needs a baby daddy!!!

144 days ago
64.

kim    

He may or may not be a Billionaire - but I'll bet he lives better than most Billionaire's lives.

144 days ago
65.

brad    

Well, he may not have hit the billionaire mark but $800 million is more than enough to do just about anything on the planet you want.

If he wants a huge mansion full of WHITE servants waiting on him hand and foot, I'm sure he can have it. Some of those white servants might even wipe his azz for him like in that video during the 2012 Presidential election ... Mitt Romney Style (Gangnam Style Parody). Money buys just about everything in this world. Everyone has a price.

144 days ago
66.

Mark    

Funny how the business world is referring to this as Apples big mistake! iTunes is dying, this is supposed to help? Apple has killed the music industry, the camera industry, the DVD industry and soon the gaming industry. thank Dre when you are paying through the teeth for these things down the road, F'N sell out!

144 days ago
67.

Factual    

Make my chit the chronic, I goats ta get ph uck ed up..........

144 days ago
68.

Unbroken Chain    

I think he will no ok with the 800 million. But TMZ, I became curious about this earlier today and it took me 5 minutes to find out who owned Beats. Couldn't you have done that before The first report? you are somewhat of a news service after all. BTW- from what I saw he owns 10%

144 days ago
69.

Unbroken Chain    

BTW- why do we need to know how much money this man has. Why is it any of our business. He has ALOT of money, that should be enough. He earned all of it, so he deserves every cent

144 days ago
70.

K South West    

I already stated their is no billion dollar head phone set

144 days ago
71.

kitnplayn    

The United States of Greed and Arrogance.

144 days ago
72.

andrewlala    

And dre didn't make all the money in hip hop!

144 days ago
73.

Marcus    

When you've got 800 mil it doesn't take too long to hit the billion. He'll be there next year. Good for him. Smart businessman.

144 days ago
74.

TheRealDeal    

Close enough. White folks can't stand for Black folks to have too much money. Racism and jealousy are ugly by themselves, but together, they are downright pathetic. Hooray for Dr. Dre. He can buy the Clippers and be the Hero Of All Time. And Donald Sterling can slink off to a dark corner and die. Hopefully, he will take George Zimmerman with him.

144 days ago
75.

icantbelieveitsnotbutter    

Taxes? These guys don't pay taxes

144 days ago
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