Everyone is lining up to take a swipe at Dr. Dre after he was caught on video, drunkenly calling himself “first billionaire in hip hop.”
Forbes joined in telling TMZ that once the $3.2 Billion Apple deal is finalized, IF it is finalized, the rap mogul will NOT hit the billion dollar mark.
Forbes Assistant Managing Editor for Wealth tells us … they’ve done the math, and after state and federal taxes … Dre will be worth in the neighborhood of $800 million.
It appears Dre only owns 25% of the company … so the max he’d make off the sale is $800 MIL. After state and federal taxes, he’s left with $480 MIL, and when you add in Dre’s other assets, that’s how Forbes now comes up with $800 MIL. Close but no cigar.
The editor says, “Not quite enough to debut on the Forbes 400 but plenty for bragging rights.” source
In the words of Ice Cube … check yo self before you wreck yo self.