| Net Worth: | $500 Million |
|---|---|
| Date of Birth: | February 18, 1965 (59 years old) |
| Gender: | Male |
| Height: | 6 ft (1.85 m) |
| Profession: | Record producer, Actor, Disc jockey, Rapper, Artist, Musician, Music executive, Entrepreneur, Songwriter, Film Producer |
| Nationality: | United State Of America |
What is Dr. Dre’s net worth? How does Dr. Dre make his money? Below is the current net worth of Dr. Dre and how Dr. Dre makes his money.
What is Dr. Dre’s Net Worth?
Dr. Dre is an American rapper, performer, businessman, and director who has a net worth of $500 Million. In the past three decades, Dr. Dre has been among the most popular artists.
He has made a fortune through different entrepreneurial ventures in addition to his singing career, which has brought in hundreds of millions of dollars.
Childhood
Dr. Dre was born Andre Romelle Young on February 18, 1965. While the West coast hip-hop industry was only getting started, Dre was raised in South Central Los Angeles. Dre began learning how to DJ while still an adolescent by frequenting nightclubs.
He joined the electro-hop crew World Class Wreckin’ Cru the following year. Following his encounter with fellow rapper Ice Cube, who introduced him to the group, Dr. Dre became a member of the rap crew N.W.A. Ruthless Records, run by Eazy-E and Jerry Heller, they released the group’s “Straight Outta Compton” debut album in 1988.
The aggressive, dirty, and indisputably innovative Straight Outta Compton album was one of the most significant in the growth of hip-hop. Finally, it was awarded a double platinum certification.
Initial Career Breakthrough
Due to disagreements over royalty payments with Jerry Heller and Eazy-E, Ice Cube departed the N.W.A. in 1989. Dr. Dre and Eazy-E eventually got into an argument of their own. He left the gang in 1991, and he and Suge Knight founded Death Row Records soon after.
Dr. Dre released “The Chronic,” his debut album as a solo artist, in 1992. Because 6 million copies of the album were sold globally, it is now regarded as one of the best-produced and most popular hip-hop albums of all time.
It was given the multi-platinum certification less than a year after it reached its peak at number three on the Billboard 200. For the album track “Let Me Ride,” Dr. Dre was awarded a Grammy for Best Rap Performance.
In 1996, Dre left the controversial company, Death Row, because he had enough of all the legal disputes and arguments that were constantly occurring there. He left his own part in the corporation and his rights to the company’s back library.
When Dre departed Death Row, he allegedly walked away from $50 million. He swiftly founded Aftermath Entertainment, which later served as the hub of operations for a number of performers, including Eminem, Mary J. Blige, and 50 Cent.
For his share of Aftermath Entertainment in 2001, Dre paid Interscope Records $52 million.
Beats By Dre and Sale to Apple
Dr. Dre expressed his displeasure with the sound quality of his music when it was played over Apple’s plastic Airbus headphones in a meeting with Interscope Chairman Jimmy Iovine in 2006.
In the conversation, he said: “Man, it stinks that my music is being stolen. Destroying the emotion of what I’ve worked on is something else entirely. At the conclusion of the conversation, Jimmy and Dre decided to launch their own line of headphones.
The initial Beats by Dr. Dre Studio headphones, which were released in July 2008, were created in partnership with Monster Cable at first. Beats now have a market worth of $618 million thanks to HTC, a manufacturer of mobile phones, who paid $309 million in August 2010 to purchase 50.1% of the company.
In September 2013 for $265 million, HTC gave Jimmy and Dre back the final 25% ownership. A private equity investor, Carlyle Group, invested $500 million in Beats at the same time, which was reported by the company. The investor placed a $1 billion value on Beats for the first time.
The business debuted a music subscription service named Beats Music in January 2014. After weeks of rumors, Apple finally revealed on May 28th, 2014, that it was paying $3 billion for Beats by Dre.
For the business, Apple would offer $2.6 billion in cash and $400 million in shares. Dre and Jimmy each had a 25% ownership stake in Beats at the time of the sale. Their respective holdings were valued at approximately $500 million after taxes and $750 million.
Philanthropy
Jimmy Iovine and Dr. Dre gave the University of Southern California a combined $70 million in May 2013 to establish the USC, Jimmy Iovine and Andre Young Academy for Arts, Technology, and the Business of Innovation.
He made a $10 million donation in June 2017 to Compton High School to build a performing arts center.
Divorce Settlement
Dr. Dre ultimately consented to give Nicole $100 million in two installments. He gave her a $50 million advance and will give her a further $50 million in a year.
Relationship
In 1981, when Dre was 16 years old, he had a son with Cassandra Joy Greene, who was 15 years old at the time. Curtis, their son, is a rapper who goes by the stage moniker Hood Surgeon. The first time he supposedly met his father was when he was in his 20s.
La Tanya Danielle Young was Dre’s second child; she was born in 1983. Andre Young Jr., a son born to Dre and his fiancée Jenita Porter in 1988, was named after his father. Tragically, Andre overdosed on drugs in August 2008 and passed away.
Marcel was the name of Dr. Dre’s kid, born in 1990 to singer Michelle. From 1996 until she requested a divorce in 2020, Nicole Young and Dre were wed. Truice is a son and Truly is a daughter; they have two kids altogether.
There was information that the couple had not signed a prenuptial agreement at the time of her divorce filing in June 2020, and as a result, she might be eligible to inherit a sizeable chunk of his wealth.
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