Site icon WZUZ

Dr Dre’s Net Worth: Who is His Wife, and What is Her Name?

Dr Dre's Net Worth

Dr. Dre is a rapper, producer, and entrepreneur from the United States. Dre is from. In the 1980s, he first worked as a producer for the rap group N.W.A before going it alone and starting his own business.

He has collaborated with some of the greatest hip-hop artists ever, and he sold his brand, “Beats By Dr. Dre,” to Apple for $3 billion a few years ago.

Net Worth: $500 Million
Date of Birth: Feb 18, 1965 (57 years old)
Gender: Male
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

Early Life and Early Success

On February 18, 1965, Andre Romelle Young was born. Dre grew up in South Central Los Angeles at the dawn of the West Coast hip-hop movement.

Dre learned how to DJ while frequenting nightclubs as a teenager. He joined the electro-hop group World Class Wreckin’ Cru in 1984.

Dr. Dre joined the rap group N.W.A., led by rapper Eazy-E, after getting to know fellow rapper Ice Cube. Straight Outta Compton, the group’s self-titled debut album, was released in 1988 via Ruthless Records, run by Eazy-E and Jerry Heller.

Straight Outta Compton, a violent, profane, and unquestionably innovative album, would eventually be awarded double platinum status and be remembered in music history as one of the most important records in the development of hip-hop.

Due to disagreements with Jerry Heller and Eazy-E over royalties, Ice Cube departed the N.W.A. in 1989. Later, Dr. Dre and Eazy-E had their own disagreement.

In 1991, he broke away from the gang and soon after, he and Suge Knight created Death Row Records. Dr. Dre’s debut solo album, “The Chronic,” was released in 1992.

The album went on to sell 6 million copies worldwide and is now regarded as one of the best-produced and best-selling hip-hop albums of all time.

Less than a year later, it became multi-platinum and reached its Billboard 200 high at number three. Dr. Dre received a Grammy for Best Rap Performance for the album’s lead track, “Let Me Ride.”

Dre produced for his label mates Tupac, Snoop Dog, and Warren G while he was still at Death Row Records (who is also his step-brother).

Dre departed Death Row in 1996 because he had had enough of the ongoing legal issues and disputes at the contentious business.

His ownership stake in the company and rights to his back library were abandoned. Later, Dre would assert that when he left Death Row, he gave up $50 million.

He quickly founded Aftermath Entertainment, the home of several artists, including Eminem, Mary J. Blige, and 50 Cent. Dre sold Interscope Records his stake in Aftermath Entertainment in 2001 for $52 million.

Sale to Apple and Beats By Dre

In a meeting with Jimmy Iovine, chairman of Interscope, in 2006, Dr. Dre expressed his displeasure with the sound quality of his music when it was played over Apple’s plastic Airbuds headphones.

In the meeting, he said: “Man, it’s one thing when my music is stolen. Destroying the feeling of what I’ve worked on is a different matter.” After the meeting, Jimmy and Dre made the decision to start their own headphones business.

The inaugural Beats by Dr. Dre Studio headphones were created in collaboration with Monster Cable and released in July 2008.

HTC, a maker of mobile phones, paid $309 million in August 2010 to acquire 50.1 percent of Beats, giving the business a $618 million market value.

HTC kept a 25% share after selling the other half of its stake to Jimmy and Dre for $150 million in July 2012. HTC returned to Jimmy and Dre the final 25% of its stock in September 2013 for $265 million.

READ MORE: Shania Twain Net Worth : How Long Did She and Mutt Stay Married?

At the same time, Beats disclosed that private equity firm Carlyle Group had invested $500 million in the company. Beats was first valued at $1 billion thanks to the funding.

The business introduced Beats Music, a streaming music service, in January 2014. After weeks of whispers, Apple finally made the $3 billion acquisition of Beats by Dre public on May 28, 2014.

Apple would acquire the business for $2.6 billion in cash and $400 million in shares. Dre and Jimmy each had a 25% stake in Beats at the time of the sale.

Before taxes, the value of their respective stakes was $750 million; after taxes, it was about $500 million. $1 billion was made by The Carlyle Group.

Dr Dre’s Net Worth

At the time this was written, Dr. Dre was worth $500 million. Dr. Dre is one of the most popular musicians of the last 30 years.

He has made hundreds of millions of dollars from his music career alone, and he has made a lot more from his business ventures.

MUST CHECK: Yo Gotti’s Net Worth: His Journey to  Become Millionaire and How He Achieved His Goals?

Ownership of Apple Stock

As we just indicated, $400 million of the $3 billion purchase price of Beats was paid in Apple stock. Dre acquired $100 million worth of Apple shares, making up his 25% ownership.

He earned about 1 million shares because Apple was trading at around $95 at the time the deal was finalized. Apple is currently trading at well over $200 per share.

If Dre had kept all 1 million shares, his Apple stock alone would be worth $200 million today (before taxes).

Philanthropy

The USC Jimmy Iovine and Andre Young Academy for Arts, Technology, and the Business of Innovation was founded thanks to a $70 million donation from Dr. Dre and Jimmy Iovine made in May 2013.

He gave $10 million in June 2017 to Compton High School in order to build a performing arts complex.

Dr. Dre Won Awards

His slow and powerful beats achieved worldwide acclaim. He rose to popularity as a co-founder of Death’ Row Records.

Later that year, on Death Row Records, he released The Chronic, his first album. Check out Kodak Black’s Net Worth. The record made him the best-selling rapper in America.

After a brief stint with Death Row Records, he left in 1996 to launch his own label, Aftermath Entertainment. In 1996, a compilation CD was issued to make his record label famous.

Later, in 2001, he released a solo album in 1999. Dr. Dre signed numerous notable musicians to his label in the 2000s, including Eminem, 50 Cent, and others.

RECOMMENDED: Method Man Net Worth: Why Did He Quit the Hip-hop Group Wu-tang?

Dre is the 56th best artist of all time, out of 100. Dre has received numerous awards and honors, including Grammys, Bet Hip Hop Awards, and MTV Video Music Awards.

Dr. Dre’s Property

Dr. Dre spent $2.4 million on a mansion in Woodland Hills, California, in the late 1990s. He secured a buyer for the home in August 2019 for $4.5 million after advertising it for sale in July 2019 for $5.25 million.

The house was situated on a 16,000+ acre property inside a gated neighborhood. 2014 saw Dr. Dre spend $50 million to purchase Tom Brady and Giselle Bundchen’s amazing brand-new monster mansion in Brentwood, immediately off the sale of Beats.

Dre sold his Hollywood Hills mansion for $32.5 million in January 2013. The price he paid for this home in 2001 was $15.4 million.

He has held an oceanfront house in Malibu, California for more than 20 years that he paid $5 million for. He paid $4.9 million for a mansion in Calabasas, California, in 2018.

He invested $2.25 million in a gated enclave with ocean views in the Pacific Palisades in 2019, and the house is reasonably modest. At least $80 million is the estimated market worth of Dr. Dre’s known real estate holdings.

Dr Dre’s Personal Life

Dre had a son with Cassandra Joy Greene, his 15-year-old girlfriend at the time, when he was 16 years old in 1981. Rapper Curtis, who goes by the stage moniker Hood Surgeon, is their son.

His father reportedly wasn’t introduced to him until he was in his 20s. Dre has a daughter in 1983 who was named La Tanya Danielle Young.

Andre Young Jr., the son Dre and his fiancée Jenita Porter welcomed in 1988, was given his father’s name. Tragically, Andre overdosed on drugs and passed away in August 2008.

Marcel was the name of the baby Dre had with singer Michel’le in 1990. Nicole Young and Dre were wed from 1996 until her divorce petition in 2020. Truice is a son and Truly is a daughter that they have together.

According to reports, the couple did not have a prenuptial agreement when she filed for divorce in June 2020, and as a result, she would be eligible to inherit a sizeable amount of his wealth.

Marriage Settlement

Dr. Dre ultimately consented to give Nicole $100 million in two installments. He gave her a $50 million advance and will give her a further $50 million in a year.

Super Bowl Halftime Performance

Dre will perform at the Super Bowl halftime show on February 13, 2022, at the SoFi Stadium in Inglewood, California.

Conclusion

In the music industry, Dr. Dre is a sensation and a living legend. In his career, he has succeeded in all a person might wish for in a lifetime. In 1985, Dr. Dre rose to fame and kept working to establish his reputation in the field. Dre has focused his professional life to entrepreneurship since the 2000s and has signed a number of renowned musicians and performers.

It’s an outstanding accomplishment that Rolling Stones ranked him as the 56th greatest artist of all time. Dr. Dre has come under fire for his treatment of women and assaults on them. He has received several fines and spending time in jail. Although he has issues in his personal life, his career is fulfilling.

Frequently Asked Questions

What is Dr. Dre’s Age?

Dr. Dre is 57 years old right now (18 February 1965).

How Much Does Dr. Dre Make?

Dr. Dre is thought to make more than $50 million per year.

What is Dr. Dre’s Height?

Dr. Dre is 1.85 meters tall.

Who is Dr. Dre’s Wife, and What is Her Name?

Dr. Dre is currently single.

Exit mobile version