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MaichBlack		#1 Posted : Saturday, May 31, 2014 1:23:37 PM
Rank: Elder Joined: 7/22/2009 Posts: 7,455		Dr. Dre is now OFFICIALLY the first Hip Hop Billionaire thanks to the sale of his company to Apple. Good for Dre!!! For some time it was a race between P. Diddy and Jay Z but as Kalonzo wa Musyoka once dreamt, Dr. Dre alipita katikati yao!!! Dr. Dre sells Beats to Apple for 3 Billion Apple confirms acquisition of Dr. Dre's Beats Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Obi 1 Kanobi		#2 Posted : Saturday, May 31, 2014 1:55:37 PM
Rank: Elder Joined: 7/23/2008 Posts: 3,017		MaichBlack wrote: Dr. Dre is now OFFICIALLY the first Hip Hop Billionaire thanks to the sale of his company to Apple. Good for Dre!!! For some time it was a race between P. Diddy, Jay Z but as Kalonzo wa Musyoka once dreamt, Dr. Dre alipita katikati yao!!! Dr. Dre sell Beats to Apple for 3 Billion Apple confirms acquisition of Dr. Dre's Beats He is not there yet, he will only collect Usd 400 million coz he owns 25%. And even with that, P Diddy is still richer. "The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
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MaichBlack		#3 Posted : Saturday, May 31, 2014 4:22:29 PM
Rank: Elder Joined: 7/22/2009 Posts: 7,455		Obi 1 Kanobi wrote: MaichBlack wrote: Dr. Dre is now OFFICIALLY the first Hip Hop Billionaire thanks to the sale of his company to Apple. Good for Dre!!! For some time it was a race between P. Diddy, Jay Z but as Kalonzo wa Musyoka once dreamt, Dr. Dre alipita katikati yao!!! Dr. Dre sell Beats to Apple for 3 Billion Apple confirms acquisition of Dr. Dre's Beats He is not there yet, he will only collect Usd 400 million coz he owns 25%. And even with that, P Diddy is still richer. 25% of 3 Billion is $750m and Dr. Dre was definitely not worth $0/= before the deal. In the last 3 years alone he made $275 million. Add that to his income from music. He's the one who "discovered" [signed] the likes of 50 cent, Eminem etc. And don't forget that this is not the first non sales money they are making from the company. In 2012 Dr. Dre and Lovine bought out HTC for $150m to bring their combined stake to 75%. In 2013, they sold a minority stake to Carlyle Group for $500 with Dr. Dre pocketing $250m Beats sell a minority stake to Carlyle Group Do the Math!!! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Mukiri		#4 Posted : Saturday, May 31, 2014 7:18:01 PM
Rank: Elder Joined: 7/11/2012 Posts: 5,222		I knew I should have taken the subject 'Music' seriously. Does Hip Hop use do re mi fa so la ti do? Proverbs 19:21
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kizee1		#5 Posted : Sunday, June 01, 2014 3:17:19 AM
Rank: Member Joined: 9/29/2010 Posts: 679 Location: nairobi		Obi 1 Kanobi wrote: MaichBlack wrote: Dr. Dre is now OFFICIALLY the first Hip Hop Billionaire thanks to the sale of his company to Apple. Good for Dre!!! For some time it was a race between P. Diddy, Jay Z but as Kalonzo wa Musyoka once dreamt, Dr. Dre alipita katikati yao!!! Dr. Dre sell Beats to Apple for 3 Billion Apple confirms acquisition of Dr. Dre's Beats He is not there yet, he will only collect Usd 400 million coz he owns 25%. And even with that, P Diddy is still richer. He collects 300 and was worth 500 so he is now worth 800( according to forbes), diddy is at 700, diddy is more diversified though since he has sean jean and his ciroc deal, but then dre gets paid every time eminem fiddy or kendrick get paid!..i think dre will hit the yard mark before them all
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MaichBlack		#6 Posted : Monday, June 02, 2014 3:23:54 PM
Rank: Elder Joined: 7/22/2009 Posts: 7,455		kizee1 wrote: Obi 1 Kanobi wrote: MaichBlack wrote: Dr. Dre is now OFFICIALLY the first Hip Hop Billionaire thanks to the sale of his company to Apple. Good for Dre!!! For some time it was a race between P. Diddy, Jay Z but as Kalonzo wa Musyoka once dreamt, Dr. Dre alipita katikati yao!!! Dr. Dre sell Beats to Apple for 3 Billion Apple confirms acquisition of Dr. Dre's Beats He is not there yet, he will only collect Usd 400 million coz he owns 25%. And even with that, P Diddy is still richer. He collects 300 and was worth 500 so he is now worth 800( according to forbes), diddy is at 700, diddy is more diversified though since he has sean jean and his ciroc deal, but then dre gets paid every time eminem fiddy or kendrick get paid!..i think dre will hit the yard mark before them all Eish Vane!!! Hesabu gani hii??? Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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mkenyan		#7 Posted : Monday, June 02, 2014 5:58:27 PM
Rank: Veteran Joined: 4/1/2009 Posts: 1,883		MaichBlack wrote: Dr. Dre is now OFFICIALLY the first Hip Hop Billionaire thanks to the sale of his company to Apple. Good for Dre!!! For some time it was a race between P. Diddy and Jay Z but as Kalonzo wa Musyoka once dreamt, Dr. Dre alipita katikati yao!!! Dr. Dre sells Beats to Apple for 3 Billion Apple confirms acquisition of Dr. Dre's Beats when it came out that the deal meant him joining apple (was said at the board) liked the way guys were like '...he is not right for the apple board...his culture doesn't fit apple... some were of course using that due to their discomfort with all things urban and beyond.
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