Dr Dre Net Worth: $500 Million (approx.)
|Net Worth:||$500 Million (approx.)|
|Date of Birth:||Feb 18, 1965 (57 years old)|
|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 is around $500 million. Andre Romelle Young professionally known as Dr Dre, is an American rapper, record producer, and entrepreneur. D
r. Dre is the founder and CEO of Aftermath Entertainment and Beats Electronics, and previously co-founded, co-owned, and was the president of Death Row Records. He began his career as a member of the World Class Wreckin’ Cru in 1985 and later found fame with the gangsta rap group N.W.A.
What is Dr Dre Net Worth?:
Dr Dre net worth is around $500 million. Dr Dre is an American rapper, actor, entrepreneur and producer.
Dr. Dre is one of the most successful entertainers of the last three decades. He has earned hundreds of millions of dollars from his music career and significantly more through various entrepreneurial pursuits.
Dr Dre Salary:
As a member of N.W.A and as a solo artist, Dr Dre has sold hundreds of millions of albums and singles during his career. Dr Dre then launched the careers of Eminem and 50 Cent through his production company/label Aftermath Entertainment.
Outside of music Dr. Dre and music producer Jimmy Iovine co-created the consumer electronics company Beats By Dre which was acquired be Apple in May 2014 for $3 billion.
At the time of the sale, Jimmy and Dre both owned 25% of Beats by Dre and therefore they each earned $750 million pre-tax from the deal. Immediately after the sale, Dr Dre was left with a post-tax fortune (after combining with his other assets) of $780 million.
In 2020 it was reported that Dr Dre wife of 24 years, Nicole Young, had filed for divorce. The couple reportedly does not have a prenup. In a court filing made in December 2021, Dr Dre lifted the curtains on his finances. The filing showed that Dr Dre has assets worth $450 – $500 million and has monthly income that averages around $230,000. The filing revealed that in 2021 Dr Dre sold $73 million worth of Apple shares and that Dre held $182,733,809 in his checking/savings accounts. Dr Dre has another $6 million in stocks and $270 million in personal property.
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How much is dr dre’s net worth?: Facts
- Earned the majority of his fortune thanks to headphone company Beats by Dre
- Sold Beats by Dre to Apple in 2014 for $3 billion
- At the time of the sale Dre and co-founder Jimmy Iovine owned 25% of Beats
- Dre and Jimmy earned $750 million pre-tax off the deal
- They each received approximately 1 million shares of Apple from the sale
- After Apple stock split 4-1 in 2020, it’s possible Dre owns 4 million shares today
- One month after selling Beats, Dre paid $50 million for Tom & Giselle’s LA mansion
- Owns approximately $80 million worth of real estate in total
- Dre’s wife of 24 years Nicole filed for divorce in June 2020
- The couple reportedly does not have a prenup
Dr Dre Houses:
In the late 1990s, Dr Dre spent $2.4 million to acquire a mansion in Woodland Hills, California. He sold it to a buyer for $4.5 million. The home was located within a gated community and sat on a 16,000+ acre lot. In 2014, fresh off the sale of Beats, Dr Dre spent $50 million to acquire Tom Brady and Giselle Bundchen’s incredible brand new monster mansion in Brentwood.
In January 2013, Dr Dre sold his Hollywood Hills mansion for $32.5 million. Dr Dre bought this house in 2001 for $15.4 million. For more than 20 years he has owned an oceanfront home in Malibu, California that he bought for $5 million.
In 2018 Dr Dre bought a mansion in Calabasas, California for $4.9 million. In 2019 Dr Dre spent $2.25 million on a relatively modest home in the Pacific Palisades that has ocean views and is located in a gated community. The total value of Dr Dre’s known real estate portfolio is at least $80 million.
Dr Dre Biography:
|Born||Andre Romelle Young|
February 18, 1965 (age 57)
Compton, California, U.S.
|Other names||BrickhardThe Mechanic|
|Education||John C. Fremont High School|
|Occupation||Rapper,record producer,actor,entrepreneur, record executive|
|Spouse(s)||Nicole Plotzker(m. 1996; div. 2021)|
|Relatives||Sir Jinx (cousin)|
Warren G (step-brother)
Dr Dre was born as Andre Romelle Young on February 18, 1965. Dr Dre was raised in South Central Los Angeles during the budding West coast hip-hop scene. As a teenager Dre frequented nightclubs where he learned to DJ.
In 1984 Dr Dre became a member of electro-hop group World Class Wreckin’ Cru. After meeting fellow rapper Ice Cube, Dr. Dre joined rap project N.W.A. run by rapper Eazy-E. Under Eazy-E and Jerry Heller’s Ruthless Records, the group released their debut album “Straight Outta Compton”, in 1988.
Violent, profane and undeniably groundbreaking, Straight Outta Compton would eventually be certified double platinum and would go down in music history as one of the most pivotal albums in the formation of hip-hop.
Ice Cube left N.W.A. in 1989 over disputes with Jerry Heller and Eazy-E related to royalty payments. Dr. Dre eventually had his own falling out with Eazy-E. He left the group in 1991 and soon co-founded Death Row Records with Suge Knight. In 1992 Dr Dre released his first solo album “The Chronic”. The album eventually sold 6 million albums worldwide and would be considered one of he most well-produced and popular hip-hop albums of all time.
It peaked at number three on the Billboard 200 and went multi-platinum less than a year later. The album also earned Dr Dre a Grammy for Best Rap Performance for the single, “Let Me Ride”. While at Death Row Records, Dre produced for his fellow label mates Tupac, Snoop Dog and Warren G (who is also his step-brother).
In 1996, Dr Dre left Death Row after becoming fed up with the legal troubles and disputes that were regualarly occurring at the controversial company. He walked away from his back catalogue rights and company ownership stake.
Dr Dre would later claim that he walked away from $50 million when he left Death Row. Dr Dre quickly established Aftermath Entertainment which would eventually be home to numerous talents including Eminem, Mary J. Blige, and 50 Cent.
In 2001, Dr Dre sold his share in Aftermath Entertainment to Interscope Records for $52 million.
Beats By Dre and Sale to Apple
In a 2006 meeting with Interscope Chairman Jimmy Iovine, Dr Dre complained that he was upset at the quality of his music when played via Apple’s plastic Airbuds headphones. He remarked in the meeting: “Man, it’s one thing that people steal my music. It’s another thing to destroy the feeling of what I’ve worked on.” By the end of the meeting, Jimmy and Dre decided to launch their own headphone company.
They initially partnered with Monster Cable to manufacture the first Beats by Dr. Dre Studio headphones, which launched in July 2008. In August 2010, mobile phone manufacturer HTC purchased 50.1% of Beats for $309 million, valuing the company at roughly $618 million.
In July 2012, HTC sold half it’s stake back to Jimmy and Dre for $150 million, retaining a 25% stake. In September 2013, HTC sold the remaining 25% stake back to Jimmy and Dre for $265 million.
At the same time, Beats announced that it had received a $500 million investment from private equity firm Carlyle Group. The investment valued Beats at $1 billion for the first time. In January 2014, the company launched a subscription music service called Beats Music.
On May 28, 2014, after many rumors, Apple officially confirmed that it was acquiring Beats by Dre for $3 billion. Apple would pay $2.6 billion in cash and $400 million in stock for the company. At the time of the sale, Dre and Jimmy both owned 25% of Beats. Their respective stakes were worth $750 million before taxes, roughly $500 million after taxes. The Carlyle Group earned $1 billion.
Apple Stock Ownership
When Beats sold to Apple, Dr Dre received $100 million worth of Apple shares. At the time the deal closed, Apple traded at around $95 per share which means he received roughly 1 million shares. As of this writing, Apple trades at a bit over $200 per share. Assuming Dre has held on all 1 million shares, today his Apple stock alone is worth $200 million (before taxes).
Dr. Dre Career Earnings By Year
2007 – $20 million
2008 – $15 million
2009 – $13 million
2010 – $17 million
2011 – $14 million
2012 – $110 million
2013 – $40 million
2014 – $620 million
2015 – $33 million
2016 – $41 million
2017 – $34.5 million
2018 – $35 million
Total: $992.5 million
Dr Dre Philanthropy
In May 2013, Dr Dre and Jimmy Iovine donated a combined $70 million to the University of Southern California to establish the USC Jimmy Iovine and Andre Young Academy for Arts, Technology and the Business of Innovation.
In June 2017 Dr Dre donated $10 million to construct a performing arts center at Compton High School.
Dr Dre Wife:
When Dr Dre was 16 in 1981 he had a son with his girlfriend at the time, a 15-year-old woman named Cassandra Joy Greene. Their son Curtis is a rapper who performs under the name Hood Surgeon. Dr Dre reportedly did not meet his father until he was in his 20s.
In 1983 Dr Dre had another child, a daughter named La Tanya Danielle Young. In 1988 Dre and girlfriend Jenita Porter had a son who was given his father’s name, Andre Young Jr. Tragically, Andre died in August 2008 of a drug overdose. In 1990 Dr Dre had a son named Marcel with singer Michel’le.
Dr Dre and Nicole Young were married from 1996 until she filed for divorce in 2020. They have 2 children together; a son named Truice and a daughter named Truly. At the time of her 2020 divorce filing, it was reported that the two did not have a prenuptial agreement and she therefore could be entitled to a significant portion of his fortune.
Dr Dre Divorce Settlement
Dr Dre agreed to pay Nicole $100 million in two payments. He paid her $50 million upfront and will pay another $50 million a year later.
Super Bowl Halftime Show
On February 13, 2022, Dr Dre headlined the Super Bowl halftime show at SoFi stadium in Inglewood, California.