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
76.

JD    

The white man always tring to bring down the black man!!! Lol

114 days ago
77.

JermaineJacksonsHairline    

Suge is sick right now

114 days ago
78.

Socalpimp    

Dude ripping off his people with 300 dollar garbage headphones...

114 days ago
79.

stfu please     

That's still more money than your old ass

114 days ago
80.

static    

It's racism.

114 days ago
81.

Yurra Knutz    

A good accountant can show that he just took a 2.4 Billion loss.
May have to apply for some of them government subsidies to make up the shortfall.

114 days ago
82.

jaye    

So he'll make 800 million net on the deal. You're telling me he doesn't have at LEAST $200,000 dollars of his own money way from the deal? I'm sure all his money is not in that company.

114 days ago
83.

John    

Forbes doesn't know all his worth..... jesus.... he is from the hood and don't think he doesn't have off shore **** thats not on his taxes.... I mean really you only have what is public and not reality...

114 days ago
84.

ZackXXT    

He has a current net worth of $550m USD.

Suppose he receives $800m USD from the Beats Sale and loses 45% to tax... he would have $440m USD = $990m. If he were making 5% interest which he would be making more on that capital... within 1-3 months he would be over $1b

Though he would acquire a good tax lawyer, he wont pay that much tax. So, Forbes.... He will either be a billionaire instantly or within a year or two at the most.

114 days ago
85.

englishpetal    

Didnt think he was getting the full 3 2bill but did think he owned more of a stake. Congrats anyways 800mill is hardly something to laugh!!

114 days ago
86.

Denise    

and humble pie it is tonight.

114 days ago
87.

HelloNurse33    

I wish I had his problems

114 days ago
88.

DaveL    

Well that's still roughly 800 million more than I have. Congrats to Dr. Dre for having a seriously awesome payday.

114 days ago
89.

natalie    

EMINEM HAS IT ALLLLLLL OVER DRE, EM'S WORTH MORE, MUCH MORE TALENTED... HECK HALF THE BLACK RAPPERS OWE IT TO EM CUZ THEY COPIED HIM.... HE LITERALLY GAVE 50 CENT HIS WAY IN....

114 days ago
90.

Mariotarell@yahoo.com    

Who cares about how much valueless paper you have it's not redeemable in gold so its worthless. Wall Street is one giant Ponzi scheme run by hustlers and thieves. This website is controlled by people with a hidden Supremacists agenda. The love of money is the root of all evil so all these "billionaires" hoarding all these worthless notes are just signing their names to a long list of damned souls. May God have mercy on the blind.

114 days ago
Previous 15 Comments | 3 | 4 | 5 | 6 | 7 | 8 | 9 | Most Recent | Next 15 Comments

Around The Web