Dr. Dre Net Worth: Owner Of Apple Stock, and Divorce

Date:

Share post:

Dre has sold hundreds of millions of albums and singles over the course of his career, both as a member of N.W.And as a solo artist. Aftermath Entertainment, his production company/label, then launched the careers of Eminem and 50 Cent. Are you interested in knowing Dr. Dre net worth?

Nicole Young, Dre’s wife of 24 years, filed for divorce in June of 2020. The newlyweds are said to not have a prenuptial agreement in place. Dr. Dre opened up about his wealth in a court petition in December 2021.

According to the report, Dre has assets between $450 and $500 million and an average monthly income of $230,000. Dr. Dre sold $73 million worth of Apple stock in 2021 and had $182,733,809 in checking and savings accounts, according to the form. In addition, he owns stock worth $6 million and real estate worth $270 million. In this post, you will read about Dr. Dre net worth, early Life, personal life, divorce, and many other details.

Read More

Dr. Dre Early Life

On February 18, 1965, he was given the name Andre Romelle Young. When Dre was a kid growing up in South Central Los Angeles, hip-hop was just beginning to take off. It was in nightclubs as a teenager that Dre learned how to DJ. He joined World Class Wreckin’ Cru, an electro-hip hop act, in 1984. You can read about Dr. Dre net worth below.

He joined the rap group NWA after meeting Ice Cube, a fellow rapper and N.W.A. founder. The group’s debut album, “Straight Outta Compton,” was released in 1988 on Eazy-E and Jerry Heller’s Ruthless Records label. “Straight Outta Compton” would go on to become one of the most important albums in hip history, hop’s earning it a double platinum certification and a place in music history.

Dr. Dre Personal Life

Dre had a son with Cassandra Joy Greene, a 15-year-old lover when he was 16 years old in 1981. Hood Surgeon is the stage name given to their son, Curtis, a rapper. When he was in his twenties, he is said to have met his father for the first time. La Tanya Danielle Young was Dre’s second kid, born in 1983.

Dr. Dre and Jenita Porter had a baby in 1988, and he was named Andre Young Jr. after his father. Andre died tragically from a heroin overdose in August of 2008. Marcel was Dre’s son with singer Michel’le in 1990. What do you think about Dr. Dre net worth?

Nicole Young filed for divorce from Dre in 2020, after the couple had been married since 1996. Truice and Truly are the names of their son and daughter, respectively. When she filed for divorce in June 2020, it was reported that the couple did not have a prenuptial agreement and she could consequently be entitled to a considerable percentage of his wealth.

Apple’s Purchase of Beats by Dre

Apple's Purchase of Beats by Dre
Apple’s Purchase of Beats by Dre

Dr. Dre expressed his dissatisfaction with the sound quality of his music when listening to it through Apple’s plastic Airbuds headphones in a meeting with Interscope Chairman Jimmy Iovine in 2006. In the meeting, he said: “People stealing my music is one thing, but this is ridiculous. It’s one thing to change the look and feel of something I’ve done.” Jimmy and Dre decided to start their own headphone company at the end of the meeting.

The first Beats by Dr. Dre Studio headphones went on sale in July 2008, thanks to a collaboration with Monster Cable. HTC purchased 50.1 percent of Beats in August 2010 for $309 million, which valued the company at approximately $618 million. HTC sold a quarter of its stake to Jimmy and Dre for $150 million in July 2012, keeping a quarter of the company’s ownership.

For $265 million, HTC returned to Jimmy and Dre the final 25 percent of its stock in September of that year. Beats also announced that private equity firm Carlyle Group had invested $500 million in the company. For the first time, Beats was valued at $1 billion. Beats Music was released by the corporation in January of this year.

Ownership of Apple Stock

When Apple purchased Beats, $400 million of the $3 billion purchase price was paid in Apple stock, as we discussed earlier. Dre gained $100 million in Apple stock as a 25 percent owner. Approximately 1 million shares of Apple were given to him at the closing price of $95 per share.

Currently, Apple shares are trading at around $200 per share. Dr. Dre’s Apple stock alone is worth $200 million today, assuming he has held on to all 1 million shares (before taxes).

Dr. Dre’s Houses for Sale

A mansion in Woodland Hills, California, was purchased by Dr. Dre in the late 1990s for $2.4 million dollars. A month after putting it on the market for $5.25 million, he sold it for $4.5 million. A 16,000+ acre site surrounded the home, which was in a gated neighborhood. Dr. Dre paid $50 million for Tom Brady and Giselle Bundchen’s new Brentwood property in 2014, just a year after selling Beats. How much do you think is Dr. Dre net worth?

For $32.5 million, Dr. Dre flogged his Hollywood Hills property in January of this year. In 2001, he paid $15.4 million for this property. In Malibu, California, Dr. Dre has had an oceanfront mansion for almost two decades that he purchased for a net worth of $5 million.

For $4.9 million he purchased a property in the Los Angeles suburb of Calabasas in 2018. This year, he invested $2.25 million in a gated enclave in Pacific Palisades with ocean views for his primary residence. At least $80 million is the estimated net worth of Dr. Dre’s known real estate holdings.

Dr. Dre Net Worth

Here you can read about Dr. Dre net worth: Dr. Dre is a multi-talented entertainer from the United States. Dr. Dre’s net worth is $500 million. Dr. Dre has been one of the most successful artists of the previous three decades. His singing career has brought in hundreds of millions of dollars, and he’s made even more through his different business ventures.

Read More

Dr. Dre Settlement of a Divorce

Dr. Dre finally agreed to pay Nicole $100 million in two installments. In the beginning, he gave her $50 million, and in the following year, he plans to give her another $50 million. Dr. Dre will headline the Super Bowl halftime concert in Inglewood, California, on February 13, 2022.

Keep following JournalistPR for more updates.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related articles

Shay Johnson Discusses Being a Mother, Co-Parenting, and Having Baby #2 Openly!

Shay Johnson is introducing the world to her adorable baby child, Shajiyah! The star of Love & Hip...

Who Is Kai On Claim To Fame? Does She Has Connection With Tiffany?

On Monday, August 15, 2022, at 10:00 p.m. ET on ABC, a brand new episode of Claim to...

Who Is Rich Paul Wife? Is He Married Or Not?

After his marriage to Jennifer Meyer ended badly, Rich Paul began seeing Adele, with whom he has since...

What Is Rich Paul Net Worth?: Early Life, Career, and Breakthrough

Sports agent Rich Paul is a person. Cleveland, Ohio is Paul's home base. Forging Klutch Sports Group into...