Forbes to Dr. Dre -- Not So Fast ... You're No Billionaire

[aerroc]

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.

[DeeezNuuuts83]

He'll still likely be the first to hit a billion. I think there was talk of him and Jimmy getting chairs on the board of Apple.

I haven't read into the specifics, but a lot of deals aren't necessarily cash purchases, so perhaps some of that purchase price consists of Apple stock.

[Jimmy H.]

Only $800 million?  He might as well just apply for food stamps.. broke-ass mother fucker.

[⠀]

Only $800 million?  He might as well just apply for food stamps.. broke-ass mother fucker.

 

[West$ide Boi]

In a couple of months he'll certainly hit the billion mark

[iDontTrip]

Ot: Eazy wouldve hit 1billion before chronic2001 wouldve dropped

[FUCK-YOU-BItch]

Billionaire or not , 400 mill. is very good hell of a money. the funny thing is when dre said he is a billionaire that faggot ass puffy diddy bought himself a doctor title, a doc title for what? this homo ass didn´t even have a master...diddy has a complex against dre.

[abusive]

How can we send beats TO Dre?

[DeeezNuuuts83]

In a couple of months he'll certainly hit the billion mark

Yup.  Like I said, I doubt that it was a $3 billion cash purchase.  There was probably some amount of Apple stock, which has generally been pretty strong and will likely see some increases in value this year since there is a string of big releases coming out, like iOS 8 (and keep in mind that during the announcement of it yesterday, they even called Dr. Dre during the presentation to showcase some of the new calling features), iPhone 6 (two sizes, with the bigger one possibly getting in on the market share of the bigger Samsung phones like the Note 3), iPad Air 2, iPad Pro and whatever the next generation of MacBook Pro is going to be.  In that case, yeah, he'll see some nice returns.