Dr. Dre Net Worth 2022: A Real Time Update on Successful Entertainer!

Celebrity / By / / 8 minutes of reading

A three-decade-old entertainer, Dre, is one of the most popular of all time. He has made hundreds of millions of dollars via his singing career, as well as from a variety of other entrepreneurial endeavors. Since joining N.W.A. as a member and then as a solo artist, Dre has sold millions of albums and singles. Aftermath Entertainment, his production company/label, launched the careers of Eminem and 50 Cent.

Aside from music, Dr. Dre and music producer Jimmy Iovine co-founded Beats By Dre, a consumer electronics firm that was acquired by Apple for $3 billion in May 2014. Jimmy and Dre each held a quarter of Beats by Dre at the time of the sale, therefore they each got $750 million pre-tax from the deal. Dre walked away from the deal with a windfall of $780 million after taxes (when combined with his other holdings).

Nicole Young, Dre’s wife of 24 years, filed for divorce in June of 2020. According to reports, the couple has not signed a prenuptial agreement. Dr. Dre opened up about his wealth in a court petition in December 2021. According to the documents, Dre has assets between $450 million and $500 million and a monthly salary of roughly $230,000. That year, he sold $73 million worth of Apple stock and had $182,733,809 in his checking and savings accounts, according to the documents. A further $6 million in equities and $270 million in personal property complete his financial portfolio.

Dr. Dre

Net Worth: $500 Million
Date of Birth: Feb 18, 1965 (57 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 States of America

Dr. Dre Net Worth 2022: Having a Good Start in Life and Making a Good Impression

On February 18, 1965, he was born Andre Romelle Young. Dre grew up in the heart of the West Coast hip-hop movement in South Central Los Angeles. It was in nightclubs as a teenager that Dre learned how to DJ. Since World Class Wreckin’ Cru was formed, he has been an integral part of the electro-hip hop scene. Dr. Dre joined the N.W.A. rap group after meeting Ice Cube, a fellow rapper. The group’s first album, “Straight Outta Compton,” was released by Eazy-E and Jerry Heller’s Ruthless Records in 1988. “Straight Outta Compton” would go on to become one of the most important albums in hip history, hop’s earning it a double platinum certification and a place in music history.

Jerry Heller and Eazy-E were at odds over royalty payments when Ice Cube quit NWA in 1989. Eazy-E and Dr. Dre finally parted ways. Upon his departure from the band in 1991, he joined forces with Suge Knight to form Death Row Records. The Chronic” was Dr. Dre’s debut solo album released in 1992. The album went on to sell 6 million copies worldwide, making it one of the best-produced and most widely-appreciated hip-hop albums ever. Billboard’s Top 200 charted the album at number three; less than a year later, it reached multi-platinum. For the song “Let Me Ride,” the album won Dr. Dre a Grammy for Best Rap Performance.

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Dr. Dre worked with fellow Death Row Records artists Tupac Shakur, Snoop Dogg, and Warren G while at the label (who is also his step-brother). Dr. Dre departed Death Row in 1996 because he was fed up with the company’s frequent legal battles and disputes. He renounced his rights to the company’s back catalog and his position in it. After leaving Death Row, Dr. Dre claimed that he had walked away with 50 million dollars. Eminem, Mary J. Blige, and 50 Cent were all signed to his Aftermath Entertainment label, which he quickly built.

Dr. Dre Net Worth 2022: Personal Life & Real Estate

Cassandra Joy Greene, the 15-year-old girlfriend of Dre at the time, gave birth to their kid in 1981 when Dre was just 16 years old. Hood Surgeon is the stage moniker of Curtis, their rapper son. He is said to have only met his father when he was in his twenties. La Tanya Danielle Young was Dre’s second kid, born in 1983. Andre Young Jr., the son of Dr. Dre and Jenita Porter, was born in 1988. Andre died of a heroin overdose in August 2008, tragically.

Dre and singer Michelle welcomed a kid named Marcel in 1990. Nicole Young filed for divorce from Dre in 2020, after the couple had been married since 1996. Truice and Truly are the names of their son and daughter, respectively. There was no prenuptial agreement when she filed for divorce in June 2020, thus she could be entitled to a large share of his fortune. Settlement of a Divorce, In the end, Dr. Dre agreed to split the $100 million settlement with Nicole into two installments of $10 million each. A year later, he’ll give her another $50 million for the privilege of becoming his mistress.

Dr. Dre spent $2.4 million on a mansion in Woodland Hills, California, in the late 1990s. A month after putting it on the market for $5.25 million, he sold it for $4.5 million. On a 16,000+ acre estate, the house was tucked away in a private setting. Dr. Dre spent $50 million on Tom Brady and Gisele Bundchen’s amazing new monster mansion in Brentwood in 2014, immediately off the sale of Beats.

Dre’s Hollywood Hills mansion was sold in January 2013 for $32.5 million. He paid $15.4 million for it in 2001. For the past two decades, he has lived in a Malibu, California, seaside mansion that he purchased for $5 million. Earlier this year, he spent $4.9 million on a mansion in Calabasas, California. Gated, ocean-view property in the Pacific Palisades cost him $2.25 million in 2019, but it was a very modest purchase. At least $80 million is the estimated worth of Dr. Dre’s known real estate holdings.

Dr. Dre Net Worth 2022: Apple Acquires Beats By Dre

During a 2006 meeting with Interscope Chairman Jimmy Iovine, Dr. Dre complained that his music sounded bad when it was streamed over Apple’s plastic Airbud headphones. In the meeting, he said: “People stealing my music is one thing, but this is ridiculous. But to ruin the atmosphere I’ve worked so hard to create is quite another.” It was decided at the end of the meeting that Jimmy and Dre would start a headphone firm.

The first Beats by Dr. Dre Studio headphones went on sale in July 2008, thanks to a collaboration with Monster Cable. HTC paid $309 million for 50.1% of Beats in August 2010, valuing the company at about $618 million. HTC sold a quarter of its stake to Jimmy and Dre for $150 million in July 2012, keeping a quarter of the company’s ownership.

 

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Jimmy and Dre received $265 million in cash when HTC repurchased their remaining 25% ownership in the company in September of that year. Carlyle Group, a private equity group, invested $500 million in Beats at the same time. For the first time, Beats was valued at $1 billion. Beats Music, the company’s subscription music service, went live in January 2014.

After weeks of speculation, Apple confirmed on May 28, 2014, that it has purchased Beats by Dre for $3 billion. If Apple agreed to buy the company, it would pay 2.6 billion dollars in cash and $400 million in Apple shares. Dre and Jimmy both held 25% of Beats at the time of the sale. Before taxes, their stakes were worth $750 million; after taxes, they were worth around $500 million each. Earnings for the Carlyle Group totaled $1 billion in 2012.

Dr. Dre Net Worth 2022: Apple Shareholdings

As we just noted, Apple paid $400 million in Apple stock for Beats Electronics when it bought the company for $3 billion. Dre was given $100 million worth of Apple stock as a 25 percent stakeholder in the company. Apple was trading at around $95 per share at the time of the deal’s closing, so he received approximately 1 million shares. Apple’s stock is currently trading at just over $200 a share, as of this writing. It’s worth $200 million now if Dr. Dre owns all 1 million shares of Apple stock (before taxes).

Philanthropy

Dr. Dre and Jimmy Iovine gave $70 million to the University of Southern California in May 2013 to establish the USC Jimmy Iovine and Andre Young Academy for Arts, Technology, and the Business of Innovation. In June of 2017, he contributed $10 million to Compton High School for the construction of a performing arts center.

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