Dr Dre Net Worth: Dr. Dre is an American rap artist, producer, and business owner. In the 1980s, he first worked for the rap group N.W.A. as a producer. He eventually started his own business on his own.
He has worked with some of the best hip-hop artists of all time. A few years ago, he sold his “Beats by Dr. Dre” brand to Apple for $3 billion.
Read more in this article to know Dr Dre net worth.
Dr. Dre Early Life
His real name is Andre Romelle Young, and he was born on February 18, 1965, in Compton, California.
In 1964, the wedding was held. They broke up in 1968 and got a divorce in 1972. His mother later remarried and had a daughter, Shameka, and two sons, Jerome and Tyree, who both died.
When Dre was younger, he went to Vanguard Junior High School in Compton. But as gang violence got worse, he moved to Roosevelt Junior High School, which was in a safer area.
Nicole Young, who had been married to Dre for 24 years, was said to have asked for a divorce in June 2020. The couple is said to not have a prenup. Dr. Dre talked about his money in a court document from December 2021. The filing showed that Dr. Dre has assets worth between $450 million and $500 million and makes an average of $230,000 per month. In 2021, Dr. Dre sold Apple shares worth $73 million.
The filing showed that he had $182,733,809 in his checking and savings accounts. He also has things and stocks worth $270 million and $6 million.
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A look at Dr. Dre’s early career
Dre worked at a club called Eve After Dark in the middle of the 1980s. Dr. Dre would DJ at the club, where he had seen many other artists perform. Here is where Dre met DJ Yella, who later became a member of N.W.A.
In the back room of the club, there was a small recording studio that Dr. Dre and N.W.A used to make some early demos.
Ice Cube, Eazy-E, DJ Yella, and MC Ren were all rappers who were in the N.W.A. In 1986, they started dating. The group’s first album, Straight Outta Compton, was a huge hit.
Dre left the group in the early 1990s because he didn’t agree with them, and he decided to go it alone. Suge Knight started Death Row Records, which released his first single in 1992. “The Chronic” was the name of his first record as a solo artist.
Thus, Dr Dre net worth is an amassable amount.
Dre left Death Row Records in 1996, started a new company called Aftermath Entertainment, and released an album called “Dr. Dre Presents the Aftermath.”
Most of the best rap and hip-hop artists have worked with Dr. Dre. Even with all the problems he’s had, like fights, lawsuits, losses, and infringements, he’s become one of the wealthiest rappers in the world.
As a member of N.W.A. and as a solo artist, Dre has sold hundreds of millions of albums and singles over the course of his career. Then, through his production company/label, Aftermath Entertainment, he helped Eminem and 50 Cent start their careers.
Therefore, Dr Dre net worth is a considerable amount.
Dr. Dre and Jimmy Iovine, a music producer, started the company Beats By Dre together. In May 2014, Apple paid $3 billion for the company. At the time of the sale, Jimmy and Dre each owned 25% of Beats by Dre. This means that the deal made them $750 million before taxes. After taxes, the sale gave Dr. Dre $780 million, which he could add to his other assets.
In 2006, Dr. Dre told Jimmy Iovine, the chairman of Interscope, that he didn’t like how his music sounded on Apple’s plastic Airbuds headphones. He said during the meeting: “It’s one thing if people steal my music.
It’s another thing that makes me feel bad about what I’ve worked on.” Jimmy and Dre decided at the end of the meeting to start their own company that makes headphones.
Monster Cable and Beats by Dr. Dre worked together to make the first Beats by Dr. Dre Studio headphones, which came out in July 2008. In August 2010, HTC, a company that makes cell phones, paid $309.1 million for 50.1% of Beats.
Beats was worth about $618 million at the time. In July 2012, HTC gave Jimmy and Dre $150 million for half of its share. HTC still owns a quarter of the company. HTC gave Jimmy and Dre $265 million in September 2013 to buy back the last 25% of their shares.
Beats also said that Carlyle Group, a private equity firm, had invested $500 million in the company. After the investment, Beats was worth $1 billion for the first time. In January 2014, the company began to offer Beats Music, a service that lets people subscribe to music.
Apple finally confirmed on May 28, 2014, after weeks of rumors, that it would buy Beats by Dre for $3 billion. Apple would pay $2.6 billion in cash and $400 million in stock to buy the company.
When Beats was sold, both Dr. Dre and Jimmy had a quarter of the company. Before taxes, each of their shares was worth $750 million, but after taxes, each was worth about $500 million. The Carlyle Group got a billion dollars.
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Dr Dre Net worth
Dr. Dre net worth is expected $820 million in 2022. This would make him the third richest rapper in the world.
Dr. Dre spent $2.4 million on a mansion in Woodland Hills, California, at the end of the 1990s. In July 2019, he put the house on the market for $5.25 million. A month later, he sold it for $4.5 million.
Thus, Dr Dre net worth skyrocketed as of 2022.
The house was in a neighborhood with gates and was on a lot that was bigger than 16,000 acres. Dr. Dre bought Tom Brady and Gisele Bundchen’s huge, brand-new mansion in Brentwood for $50 million in 2014. This was after he sold Beats.
His music career has been a huge help in growing both his name and Dr Dre Net Worth.