Watch Dr. Dre Celebrate Becoming Hip-Hop’s First Billionaire   

A blog about business and economics.
May 9 2014 11:16 AM

Watch Dr. Dre Celebrate Becoming Hip-Hop’s First Billionaire   

When news broke yesterday that Apple had almost sealed a deal to buy Beats Electronics for $3.2 billion, I wondered whether the sale was going to make Dr. Dre hip-hop's first billionaire. Now we have an answer! Maybe! Last night, actor, singer, and former model Tyrese Gibson posted this pretty amusing (and profanity-filled) video to Facebook celebrating the Apple deal with Dre in the studio. Toward the end, he says: "They're gonna have to update the Forbes list." At which point, Dre himself pipes in: "The first billionaire in hip-hop right here, from the motherf---in' West Coast."

Oh, and the video seems to have accidentally confirmed the Apple deal before it was official. But, you know, details.


In any event, The Wire notes that Dre only has somewhere around a 25 percent stake in Beats, which on its own wouldn't quite be worth a full billion at the reported sale price. Thankfully, rappers never exaggerate their wealth. So I think we can all rely on Dre's word.

Jordan Weissmann is Slate's senior business and economics correspondent.



Blacks Don’t Have a Corporal Punishment Problem

Americans do. But when blacks exhibit the same behaviors as others, it becomes part of a greater black pathology. 

I Bought the Huge iPhone. I’m Already Thinking of Returning It.

Scotland Is Just the Beginning. Expect More Political Earthquakes in Europe.

Lifetime Didn’t Think the Steubenville Rape Case Was Dramatic Enough

So they added a little self-immolation.

Two Damn Good, Very Different Movies About Soldiers Returning From War

Medical Examiner

The Most Terrifying Thing About Ebola 

The disease threatens humanity by preying on humanity.

Students Aren’t Going to College Football Games as Much Anymore, and Schools Are Getting Worried

The Good Wife Is Cynical, Thrilling, and Grown-Up. It’s Also TV’s Best Drama.

  News & Politics
Sept. 19 2014 9:15 PM Chris Christie, Better Than Ever
Sept. 19 2014 6:35 PM Pabst Blue Ribbon is Being Sold to the Russians, Was So Over Anyway
Inside Higher Ed
Sept. 19 2014 1:34 PM Empty Seats, Fewer Donors? College football isn’t attracting the audience it used to.
  Double X
The XX Factor
Sept. 19 2014 4:58 PM Steubenville Gets the Lifetime Treatment (And a Cheerleader Erupts Into Flames)
  Slate Plus
Slate Picks
Sept. 19 2014 12:00 PM What Happened at Slate This Week? The Slatest editor tells us to read well-informed skepticism, media criticism, and more.
Brow Beat
Sept. 19 2014 4:48 PM You Should Be Listening to Sbtrkt
Future Tense
Sept. 19 2014 6:31 PM The One Big Problem With the Enormous New iPhone
  Health & Science
Medical Examiner
Sept. 19 2014 5:09 PM Did America Get Fat by Drinking Diet Soda?   A high-profile study points the finger at artificial sweeteners.
Sports Nut
Sept. 18 2014 11:42 AM Grandmaster Clash One of the most amazing feats in chess history just happened, and no one noticed.