Billionaire Status! Dr. Dre Is Selling Beats To Apple For $3.2 Billion

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Dr. Dre

Dr. Dre is joining the billionaire’s club! According to reports, the rapper and mega music producer is in the final steps of closing a deal with Apple to sale his Beats Electronics brand.

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Sources say Apple is snatching up the company that brought us Beats By Dre for a whopping $3.2 billion! “Since Dre and Interscope honcho Jimmy Iovine created the brand … it’s a safe bet they will walk away with a huge chunk of that cash,” TMZ repots. “Dre and Jimmy created the brand back in 2008 with headphones — but now they’re also making bank off speakers, car audio systems, and a streaming service.”

The deal, which is on its way to becoming Apple’s biggest acquisition yet, is expected to close next week.

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As we reported earlier, the headphone connoisseur landed at No. 2 on Forbes wealthiest artists in hip-hop list last month. Coming in second to Diddy, Dre’s net worth was estimated at $550 million.

Somebody pop the bubbly!

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