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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.

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216 COMMENTS

No Avatar
106.

Resident    

Lets face it. Dre is no longer a hip-hop artist. He's a businessman now. Even if he did make a billion with this sale he would not be a billionaire hip hop artist because he didn't make a billion through hip-hop music, either his own or producing someone else, he made it by selling the rights to an over-priced, over-hyped product (seriously I can get better for $20) at an inflated price.

174 days ago
107.

notalawyer    

But he is a DOCTOR....

174 days ago
108.

Curtis Blow    

Let's do the math. Currently worth `$300 million. Sells his portion of biz to Apple for $800 million. $300+ $800 =?

Looks like he's a billionaire to me.

174 days ago
109.

Marles Chanson    

Have a Dre Day!

174 days ago
110.

Blippity Bloopity    

You guys are silly. You do know that this deal isnt his only source of money, correct? So calculating profit after this deal does not have to equal a billion to make him a billionaire. Derrrrrrrr.

174 days ago
111.

Zingisa Mfaxa    

Don't worry Dre, we'll convert it to rands

174 days ago
112.

sPaNkdEnALgAs    

Hey, more than what I have!!!!

174 days ago
113.

Luz    

How does 3.2 Billion dollars become 480 Million?

174 days ago
114.

Netty    

Why is everyone claiming to know how much dre is worth? Unless your his accountant, no one REALLY knows the truth. Looking up on the internet doesnt count either. LoL

173 days ago
115.

Hwo     

All of you laughing......None of you will ever have the money this man has .........Especially the fake ass reporters for TMZ .......Laugh at that bitches .... He may not be a billionaire yet but he also ain't a millionaire he is a multi-multi millionaire

173 days ago
116.

Soapstef    

Has he always been this ripped? He looks good.

173 days ago
117.

Ben    

Are you not taking into account his current net worth (before the Beats purchase)?

173 days ago
118.

Long shot    

They love to hate they
Live on hate that's what they are good at,
Gat a life,

173 days ago
119.

tocodb    

Not like he is the first black guy to lie about how much money he has. Isnt that rapper lyrics 101?

173 days ago
120.

CS    

I sense Evil. Dre is worth 550 million as of the last official Forbes update. Even if these numbers are correct.. 480+550 is what geniuses? $1.3 Billion Somebody somewhere is lying to you sheep.

173 days ago
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