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.



The Democrats’ War at Home

How can the president’s party defend itself from the president’s foreign policy blunders?

Congress’ Public Shaming of the Secret Service Was Political Grandstanding at Its Best

Michigan’s Tradition of Football “Toughness” Needs to Go—Starting With Coach Hoke

A Plentiful, Renewable Resource That America Keeps Overlooking

Animal manure.

Windows 8 Was So Bad That Microsoft Will Skip Straight to Windows 10


Cringing. Ducking. Mumbling.

How GOP candidates react whenever someone brings up reproductive rights or gay marriage.

Building a Better Workplace

You Deserve a Pre-cation

The smartest job perk you’ve never heard of.

Hasbro Is Cracking Down on Scrabble Players Who Turn Its Official Word List Into Popular Apps

Florida State’s New President Is Underqualified and Mistrusted. He Just Might Save the University.

  News & Politics
Sept. 30 2014 9:33 PM Political Theater With a Purpose Darrell Issa’s public shaming of the head of the Secret Service was congressional grandstanding at its best.
Sept. 30 2014 7:02 PM At Long Last, eBay Sets PayPal Free
Sept. 30 2014 7:35 PM Who Owns Scrabble’s Word List? Hasbro says the list of playable words belongs to the company. Players beg to differ.
  Double X
The XX Factor
Sept. 30 2014 12:34 PM Parents, Get Your Teenage Daughters the IUD
  Slate Plus
Behind the Scenes
Sept. 30 2014 3:21 PM Meet Jordan Weissmann Five questions with Slate’s senior business and economics correspondent.
Brow Beat
Sept. 30 2014 8:54 PM Bette Davis Talks Gender Roles in a Delightful, Animated Interview From 1963
Future Tense
Sept. 30 2014 7:00 PM There’s Going to Be a Live-Action Tetris Movie for Some Reason
  Health & Science
Medical Examiner
Sept. 30 2014 11:51 PM Should You Freeze Your Eggs? An egg freezing party is not a great place to find answers to this or other questions.
Sports Nut
Sept. 30 2014 5:54 PM Goodbye, Tough Guy It’s time for Michigan to fire its toughness-obsessed coach, Brady Hoke.