Dr Dre Net Worth: Andre Romelle Young, best known by “Dr Dre”, is an American rapper who has an estimated net worth of $830 million. In addition to his career, Dr Dre is also an actor, film producer and entrepreneur. In 2016, Dr Dre ranked at 2nd position in Forbes five list of hip-hop’s wealthiest artist with a net worth of $550 million.
About Dr Dre
He was born on February 18, 1965 in Compton, California, U.S. as a first child of Theodore and Verna Young. Later, his parents were divorced in 1972. Young wasn’t a good student, he always comes with poor grades. So he never gets into better school due to his bad grades. Thereafter, Young concentrate more on social life and entertainment the rest of his school years.
Young often visited a club named Eve after Dark to watch how Dj’s and rappers performing live. He then became a Dj for same club with the name of “Dr.J”, based on the nick name of Julius Erving, who was his favorite basketball player. During his DJ’s job at the club, he met rapper Antoine Carraby (DJ Yella) and they started creating mix tapes in the same clubs they met in. Soon afterwards, he adopted his stage name “Dr Dre” a mix of previous alias Dr. j and his first name Andre, began to refer himself as the “Master of Mixology”.
Dr Dre then became a member of electro-hop group World Class Wreckin’ Cru in 1994. After meeting fellow rapper O’Shea Jackson (Ice Cube) and Eazy-E, Dr Dre joined their gangsta group NWA under Ruthless Records. During his time with Ruthless Records, Dr Dre released his debut album “Straight Outta Compton”, in 1988.
After then, Dre left NWA and co-founded Death Row Records with Suge Knight, and released his first solo album “The Chronic” under Death Row Records in 1992. The album received huge positive review by critics and led him to become the best-selling American performing artist in 1993. Moreover, The album’s third single “Let Me Ride” received Grammy Awards.
In 1996, Dr Dre founded Aftermath Entertainment were he has produced albums and overseen the careers of numerous talents, including Eminem, Mary J and 50 cent. In 2001, Dr Dre sold his Aftermath Entertainment to interscope for an estimated $52 million.
How Much is Dr Dre Net Worth- $830 million
The 52-years-old hip-hop king is among the richest celebrities who grew up poor. In fact, Dr Dre not only holds six Grammy Awards and considered as one of the industries great. In addition to his music career, he has outside business ventures which have significant contribution on his fortunes. The rapper has expanded his fortunes with Aftermath records, Beats Headphones and HP Laptop line.
After Leaving N.W.A, Dr Dre’s first solo albums “The Chronic” was certified triple platinum in 1993, and he was ranked as eight best-selling musical artist of the year. He then also produced for Jay Z, Tupac Shakur, Mery J. Blige. However, his most profitable collaborations came when he partnered with record producer Jimmy Iovine and co-founded Beats, the expensive headphone company. In 2011, HTC reportedly paid $300 million to buy a 51% stake in Beats electronics, in which Dre took $85 million after taxes, according to the Forbes.
In 2014, Apple has purchased Dre’s Beats audio for $3.2 billion. At the time of purchased, Dre owned the 25% of beats, which means his personal profit of about $750 million before taxes and roughly $500 million after taxes. In 2015, he co-produced the movie “Straight Outta Compton” exploring the Dr Dre’s early days with N.W.A.
Dr Dre’s has endorsement deals with such as St.Ideas, Coors Light, Dr Peepers and Chrysler 300S. The hip hop’s first expected billionaire is married with Nicole Threatt since 1996.
Dr Dre Real Estate
After making the big deals with Apple, Dre Dre purchased a 14000-square-foot mansion in Brentwood for a reported $40 million. The mansion consists of 6 bed rooms, nine bathrooms, a wine cellar, a library, a media and an infinity pool. It was previously owned by New England Patriots quarterback Tom Brady and supermodel Gisele Bundchen.
Dr. Dre has sold his previous home in Hollywood Hills for $32 million.
