Dr. Dre: "The First Billionaire In Hip Hop"

Dr. Dre appears to celebrate Apple's reported acquisition of Beats Electronics with Tyrese and others.

Dr. Dre says he is the "the first billionaire in Hip Hop." The rapper-producer said this while celebrating what appears to be the purchasing of Beats Electronics by Apple.

"The first billionaire in Hip Hop right here from the motherfucking West Coast," Dre says in a clip filmed by singer-actor Tyrese.

In the video, Tyrese discusses Forbes' list of wealthiest Hip Hop acts.

"Oh shit," Tyrese says. "The Forbes list just changed!"

"In a big way," Dr. Dre adds. 

As reported yesterday (May 8), Apple was set to purchase Beats Electronics for $3.2 billion, according to gizmodo. The site reported that the sale of the company owned by Dr. Dre and Jimmy Iovine would make Dr. Dre approximately $1 billion. Apple is reportedly set to own Beats Music and it could be the largest acquisition in Apple history. According to CNBC, the purchase also goes against Apple co-founder Steve Jobs' policy. Jobs, who died in 2011, "was reluctant to pursue high-profile acquisitions," according to the news outlet. 

When Forbes released its "Hip Hop's Wealthiest Artists 2014" list this year, Dr. Dre appeared at #2 with a fortune of $550 million. Jay Z was listed at #3 with a $520 million empire. In 2013, Jay Z was #2 and Dre was #3. Recently, Dre was asked about how he felt being #2 ahead of Jay Z. "I don't really care about any of that," Dr. Dre said at the time. "Jay Z is my guy, man. I love him to death." 

RELATED: Apple Reportedly Purchasing Dr. Dre's Beats Electronics For $3.2 Billion

193 Comments

  • what i think

    Wow i wonder if this is really true.

  • Anonymous

    the ratarded billionaire producer ..... dont call him a rapper !

  • Anonymous

    im rich as a muthafucker

  • Anonymous

    Dre looks like he's in a restaurant with his wife and just seen an old side bitch with a newborn come through the door in that photo

  • moresickaMC

    Congrats Dre. You have come from far and been through alot. I hope he also lfts up other blacks and minorities in his community. build a school,college, hospital etc to create employment big win for hiphop

  • Anonymous

    My last pay check was $9500 working 12 hours a week online. My neighbour's sister has been averaging 15k for months now and she works about 20 hours a week. I can't believe how easy it was once I tried it out. ======================================== >>>>>>>> WWW.JOBS75.COM ======================================== GO TO THE SITE AND CLICK NEXT TAB FOR MORE INFO AND HELP

  • Dwight Schrute

    QUESTION: Did they lift rick ross titties while tattooing his chest?

  • Anonymous

    Dr Dre got his money the best way, he didnt rape and rob his artists like Baby or Diddy he made dope music signed dope artists and left Death Row instead of crashing and burning with it. Bad Karma has gone to everybody that tried to fuck with Dre, look at Suge and 50s status in the industry after they ducked with Dre, them dudes barely exist outside of TMZ headlines unrelated to music.

    • bbb

      he might have ducked with him but he followed in his footsteps with his own line of headphones

    • Anonymous

      you right, but how much are you getting paid to defend this deal? nothing I can show you how you'll be PAYING for his billion tho.....

  • Sidid1984

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  • wax face dre

    hey i didn't know Madame Tussaud's had Dr.Dre in they wax museum ? looks pretty real to me !

  • Anonymous

    Dre has a lot of free time now that he isn't focused on beats music. Maybe put that detox album out.

  • mikesteezx

    Dre made a bil cool.. where's your money? Peep this list of the Top 10 Mixtapes underground and mainstream: http://thestylesunltd.com/entertainment/top-10-mixtapes-from-april/

  • Tyreshater

    Tyrese is annoying as hell.

  • Anonymous

    "CS: Steel sharpens Steel ... This move will only motivate Brothers to do it bigger. Like Diddy said "He set a new Bar" with this move. Gave the man his props. I can see Puff hitting a Billion by the end of this year with Revolt, that's some next level innovative shit what he's doing. Bottom line is. We're winning out here... as a people. If you hate on this .. there's something wrong with you. Go out and Get yours. Steel sharpens steel" The crabs are furious with anger, everybody that tried to hold Dre back are getting drunk to drown their sorrows,

    • Anonymous

      Different Anonymous

    • Anonymous

      Whatever the case maybe. It's a new station is what I'm saying. TV is different than music. TV actually diversifies it product. Rather than depending on one audience all the time, they can actually target different audiences generating greater views. I'm not saying its set in stone to be a success, I'm just saying that time will tell, its impossible to see what it may be in a few years.

    • Brief Breakdown Of All The Black Lives Sean Combs Has Destroyed

      1991-Nine students at City College of New York killed during stampede from overbooked event 1995-Jake Robles killed in Atlanta at the Platinum House (Allegedly by Anthony Wolf Jones Puffs right hand man) 1996-2Pac allegedly killed by Southside Crips as revenge for a beating that was revenge for a Death Row chain being snatched for a Sean Combs bounty 1997-Notorious B.I.G. killed in Los Angeles as revenge for murders of Pac and Jake Robles 1998-After penning and recording several multi platinum hits attempts to pay The Lox with fresh pairs of matching Air Force 1s 1999-Steve Stoute brutally attacked with champagne bottles and turned from a stand up man into Mr. Scarf Hands 1999-Ma$e leaves label at peak of his popularity after repeated alleged homosexual advances and becomes a bootleg T.D. Jakes 2000-Multiple shooting at Club New York in Manhattan after throwing money in the face of gangsters. Black woman loses eye. 2001-Jamal Shyne Barrow sentenced to 10 years in prison for saving Puffys life. Would later be deported. 2002- MTV Making Da Band. The list of tragedies probably deserve its own thread *see Chopper Suit. 2003-Anthony Wolf Jones finally murdered in an Atlanta club, allegedly by members of BMF on orders from Big Meech for multiple transgressions (including being shot in the azz by Wolf) Forever changing the landscape of one Atlantas most affluent and diverse party districts. 2004-Co-Creates a Rap The Vote campaign to get c000ns to support John Kerry the weakest democratic candidate since Walter Mondale. Loses to George W. Bush. Months later Katrina happens. 2005-Loon departs Bad Boy records in dispute over unpaid royalties. Turns Muslim. 2006-Black Rob forced to turn back into a life of crime and become a jewel thief after being refused royalties for platinum smash Whoa. Sentenced to 7 years in prison. 2007-Partners with Ciroc, causing single mothers to neglect their children and Black men to skip child support p@yments in an endless chase to cop his high-priced Kool Aid 2008-Puffy stars as the lead in Raisin In The Sun, destroying the credibility of co-stars Phylicia Rashad, Audra McDonald and director Kenny Leon 2010-Broke and addicted to drugs G-Dep confesses to a murder he committed in 1993. sentenced to 15 years to life. 2011-Signs Machine Gun Kelley 2013-Muslim Loon convicted of drug trafficking in Germany. Sentenced to 14 years in prison 2014-One wounded, prominent DJ arrested after shooting at The Velvet Room in Atlanta following a Puffy Combs Rick Ross album release party. 2014 (yeah again)-Two shot and wounded at a crowded hotel party thrown by Sean Puffy Combs in Charlotte, NC following the CIAA Tournament . The shooting occurred in the gated off VIP area. Rumor has it Ciroc was flowing in abundance prior to shootings..

    • Anonymous

      you said revolt could make puff a billion by the end of the year!

    • Anonymous

      @3rd Anonymous.... The thing about business is that its volatile. It's never stable. The tv station just launched two weeks ago, gotta give it time. I'll admit I used to be one of those "eff Puffy" dudes. "He don't make no beats for real" etc., etc. Naw...not no more. I had to realize Puff was businessman. And as a businessman I had to respect the success that he had and shared with others. He developed talent, oversaw classic music projects, built a record label, successful clothing line,all of that. But while many have tried that and failed or succeeded while following that model, NONE...i repeat NONE we able to start their own cable channel. That's big business there. And in TV there's money that your average rap artist wish they could claim. You watch (or don't) but Revolt is gonna be around for a while.

    • Anonymous

      LOL @ MAKING IT TO A BILLION BY THE END OF THE YEAR OFF REVOLT THAT BS CHANNEL THAT NO ONE WATCHES THAT WONT LAST 2 YEARS

    • Anonymous

      it's good we made it, now lets inspire the masses!

    • Anonymous

      REVOLT LAUCHED IN OCTOBER, 2 WEEKS AGO MY ASS

  • Anonymous

    he can bank that billi and live of the intrest and his 550mil damn

  • Anonymous

    haha birdman and diddy will be pissed

  • Anonymous

    ok so dre is already worth $550 million, so this deal could push him to 1.1 billion or 1.5 congrats dre so now can we get Detox?

  • Anonymous

    This nigga Tyrese look a bitch, smiling jumping up and down like he's glad his boyfriend Dre got money

    • Dat nicca Emm

      Can't a nigga show love to his West coast broda cuz he made it?. You niggaz pathetic and that is why Hip hop will never get to where it is suppose to be because of you motherfuckas hating all the time. Learn to celebrate if your friend calls you and says he made it big. That's some grown man shit and not that jealousy you talking bout. Kill yoself bc you don't belong to Hip hop

    • Anonymous

      sounds like most of the comments here but dre probably told ty to invest so he's paid too, these pussies is out of the loop totally and jumping around like ncaa cheerleaders like they was in the gym too

  • Anonymous

    Smh @ all these losers tryna sound like accountants, nigga I don't give a fuck how much he'll make from the deal, it's still a lot of money anyway lol

  • d mac

    @ ray786 great insight, you proved my point the news is good for Dre, but for a normal HHDX reader this is bad news, another corporation has swooped in and gained more marketshare and small business will be locked out, we will pay more for the product because of the acquisition cost, jobs will be lost not gained due to consolidation and more investors will swoop in making that 83 a share dream for the middle class virtually impossible unless they buy more than 50 shares the $1bn threshold sounds good for Dre reaching, but this is a corporate win, not a community win

    • d mac

      " because if employees of WalMart were smart enough to create a Union, their wages would double instantly, they'd get health insurance instantly, no doubt on that...." ^ corporate set it up with states to outlaw unions in their workplace and when people voted for the tax breaks, they were only told "jobs" and didn't think about what-type-of-job-paying-how-much-and-how-many-jobs-in-what-type-of-conditions, people don't pay attention so they're about to do the same thing again for the keystone pipeline "but you do know apple also has a factory producing apple products in the states as well don't you? Maybe they got shamed into it by americans but that's a fact now." ^ you answered your own question with the obvious bill was forced to open his browser, he was growing into a monopoly, thus why ie is so vulnerable, steve continued to stay "boutique" and shroud his os, you have the history twisted or you just latched on recently again, this will be great for Dre, he returns his investment and time, but for us, we will absorb the costs thru layoffs and higher pricing, this is fact

    • ray786

      @ d mac = your second to last post above me makes sort of sense in terms of monopolistic structure, Walmart, i.e. which is btw a different debate altogether, because if employees of WalMart were smart enough to create a Union, their wages would double instantly, they'd get health insurance instantly, no doubt on that.... and on the beats front you are correct that could happen and production could move overseas causing job losses, but you do know apple also has a factory producing apple products in the states as well don't you? Maybe they got shamed into it by americans but that's a fact now. But, your second paragraph I believe is 100% inaccurate, no diss whatsoever, just look at facts .... dude, if Steve Jobs wanted small business interests popping up, he'd not lock his apps for first two years just to apple staff and no third party apps because he wanted to keep control of his IOS and not let it share and not share profits if he didn't have to .... lol, Steve Jobs damn near created a bigger Microsoft, and you're telling me he didn't want Monopoly? Where did you get that idea from, don't just look at what a man says, look at a persons actions, this guy was a str8 up egomaniacal aaarseehole if there ever was one, ( I love Apple products btw) gr8 at what he did but his character was very effed up, read his own autobiography and you'll see. If he could have it his way, there'd be no google android platform and he'd have 80% of market share squeezing every competitor out, don't confuse the man with the company. He encouraged innovations from his staff (Jonathan Ivey created the iPhone) but took credit himself till it came time all the facts came out so he admitted it.

    • walll

      lol oh great were doom wat a way to put a spin on things

    • d mac

      and I'm not dissing you ray, pointing out how this goes beyond money and starts leaning towards monopoly control this is why Steve Jobs never sought business acquisitions in the 1st place, he was encouraging small business ideas/innovation and not corporate marketshare interests y'all not paying attention and will let google run the post office and the trilateral commission run the govt, stop going against your natural best interests because of profit margins and popularity

    • d mac

      how do I know? apple will absorb production, man-hours, distribution, overhead, they don't need another facility for this because they have overseas labor already in place to handle the demand=beats layoffs they ain't giving up $3.1bn, those costs WILL be passed on to the consumer=higher consumer prices apple will exercise their power, begin to structure their business accordingly=less jobs for YOU to sell electronics unless it's apple related, less places for YOU to buy music unless you deal with apple, less places for YOU to sell music, apple has a monopoly on the way music is sold STILL don't see the losses? bet y'all didn't see these same losses when Wal-Mart came around and shuttered small business for their "one stop" stores and that's the catch-22 of your business now the people can't get produce or various products in their local stores, can't get good prices on distributed goods because they cater to Wal-Mart and you get leftovers, states won't give you that tax break because you ain't Wal-Mart just a little storefront, and you have to close your store because you can't compete with Wal-Mart, and end up having to work for them and you can't even get paid right because they are controlling wages because corporations and payola politicians are on their dick and don't GAF about small business trying to be competitive this is what your fiance teaching doesn't speak on when it comes to economics Dre gets paid, great for him, but WE get the shaft on this, make no mistake about it

    • ray786

      @anonymous 2 = yup, that's absolutely correct, better to keep your overhead and continue producing exact same facility instead of in housing beats products unless it costs way too much to lease that land and property, but if that were the case, Apple would need to buy extra property causing them to lose in either case, so your scenario is probably best case scenario, without knowing exact details of the agreement.

    • Anonymous

      Right ray. The acquisition doesn't necessarily guarentee a loss of jobs. Hell they're not going to stop production of the headphones because the owners change. It may be cheaper to keep the facility where it as and let it operate as a remote location that they plan on expanding for future apple products. We don't know the details of the deal so it's only speculation at this point. As a person in the accounting field I would believe it would probably be cheaper to include the purchase price of the facility and let them operate from there than to shut down production and move somewhere else.

    • ray786

      @ d mac = you're right in the sense that you would make more money for $83/share if you bought 50 shares, or as I suggested buying Call Options and you could make 5 times the appreciation (% wise) compared to a stock, so in that sense it's great .... but for that yes you do need $1500 to $4500 per call option, so it can get expensive ..... but how do you know jobs will be gone instead of increase since business model is obviously working? Acquisition can include job losses but also keep operations the same or even increase in jobs if apple wants to invest even more into Beats since its their brand now. That depends on their CEO. AND BTW, i don't suggest anyone to just buy stocks in one company, since proper diversification will generally be more profitable over the long run .... apple is good because not just stock appreciation but the fact they increased their dividend payout just 3 days back.

    • Anonymous

      real talk

  • Anonymous

    My last pay check was $9500 working 12 hours a week online. My neighbour's sister has been averaging 15k for months now and she works about 20 hours a week. I can't believe how easy it was once I tried it out. ================================== >>>>>>>>>>>>>>>>>>>>> WWW.JOBS75.COM ================================== VISIT this site and go to next tab for more info and help

  • DRU

    50 cent tried to compete with Beats by Dre and lost 16mil in a law suit and Dre just became a billionaire, let that sink in..

    • Anonymous

      50 needs to get a white slave like Dre.

    • Anonymous

      Dre is relevant and he has Em in his pocket as well as Kendrick, on the other hand 50 is washed up and has Kid Kid. Dre is a fuckin Billionaire Boss and you know Em got a shitload of stock in Dreabeats so he will cash out to!

    • Anonymous

      its not a contest because they are friends. Dre had a 20 year head start though.

    • Anonymous

      Ok and neither makes headphones I can mix on. Obviously monitors are best but these dudes make overpriced fashion statements. Let that sink in

    • tha OG

      Real talk but d.r.e won tho $$$$$$$$$$$$$

    • Anonymous

      LOST 16 MILLION AND STILL WORTH 140 MILLION MORE THAN YOUR WHOLE FAMILY LOL

  • big titty girl

    I suckd DR.dre D-#;K in 1996

  • Anonymous

    Fuck puffy the snake

  • Anonymous

    Congrats to dre first billionaire in the rap game

  • LIL THUNG, the Realest Nigga

    fuck Dr. Gay... lmao I mean Dre. lazy ass nigga. where is Detox wou washed up nigga? my favorite rappers. fuck what you think. im still an intelligent nigga. 1. Lil Wayne 2. Young Thug 3. Drake 4. Chief Keef 5. Lil Durk 6. Rick Ross 7. French Montana 8. Wiz Khalifa 9. Future 10. Ty Dolla Sign #TOP 5 #BEST #RAPPERS #2014 #REAL #AGE25

  • Not Impressed

    He also signed Eminem to Aftermath for a bullshit deal. Life contract with 99% of royalties going to his account. I'm not impressed with Dr Dre

    • Not Impressed

      I freestyled for Dr Dre and he told me I couldn't spit worth shit. Hell, he even said I wasn't fit to scrub the floors at Aftermath. I'm not impressed.

    • Anonymous

      Lol ok we're making up fake facts today? They also found life on Mars last week and Snoop Dogg put a track out that contained vocals from Tupac talking about Obamacare

  • Anonymous

    My last pay check was $9500 working 12 hours a week online. My neighbour's sister has been averaging 15k for months now and she works about 20 hours a week. I can't believe how easy it was once I tried it out. ================================== >>>>>>>>>>>>>>>> WWW.JOBS75.COM ================================== VISIT this site and go to next tab for more info and help

  • Anonymous

    My last pay check was $9500 working 12 hours a week online. My neighbour's sister has been averaging 15k for months now and she works about 20 hours a week. I can't believe how easy it was once I tried it out. ================================== >>>>>>>>>>>>> WWW.JOBS75.COM ================================== VISIT this site and go to next tab for more info and help

  • Anonymous

    Black Excellence at its FINEST LOLOLOLOL get mad faggots, you can't see us

  • Anonymous

    Dr. Dre is a broke ass nigga

  • Poor Homie Quan

    "The only nigga topping Forbes, I'm getting lonely" Diddy better get Officer Ricky on the phone right away to re write his Big Homie verse.

  • Anonymous

    Congrats! Now don't go wasting it on a wack ass franchise like the Clippers

  • Yes I Am A Hater. Fuck Who Don't Like It

    You know what? I'm gonna put it like this. At the end of the day, you still a ignorant, black ass nigga with money, and the video above just proves my god damn point. What has the nigga REALLY done for the culture besides have OTHERS produces his work while HE takes the credit? And I also have to agree with one of the posts below, he ain't no damn billionaire. I don't believe it for a second. After taxes and shit, he's worth much less than that. Fuck him.

  • ray786

    LOL: 2 years back Dre was beneath 50 cent's net worth. Today 50 cent, Jay Z, and Puff Daddy along with Birdman feeling like shyttt, wtf just happened .... I'll tell you what happened, and I'm in the financial markets ...... its called brand marketing excellenteee!! And, on the business end its called Mergers and Acquisitions in Investment Banking, which is the field I'm in. M&A = Apple thinks by acquiring this streaming music, headphones, computer speakers combo, etc, the value of Beats is a lot higher than $3.2 billion they paid for. Meaning, they think it'll be worth a lot more, Apple doesn't overpay for a damn thing unless they see instant sales addition to their gross profit .... and as you notice the stock market today (I'm a stock market guru btw), you'll see Apple stock is down a percent or so at $580/share .... the reason you ask? A big company acquiring a small company equates to big company's stock goes down 80% of the time as investors see cash flow disappearance on the balance sheet temporarily and panic, whereas if Beats were traded publicly, their stock would've gone up probably 40 to 50% easily ..... my point is if y'all buy Apple's stock, even though its somewhat expensive, you'll make a ton of money .... if you invest 10,000$ on it, you'll end up in $12,000 to $12,500 within a year, which is 25% approx return on investment y'all can make, YOUR EFFFFIN WELCOME ..... I've made tons of money in the stock market, just trynna help y'all out financially ..... but remember, do your own due diligence, i.e. take accounting courses, read balance sheet, income statements, cash flow statement and become an analytical masterpiece, and you'll make tons of money as well if you're motivated and excited ..... and if you were to buy Apple Call Options, especially since the stock split 7 to 1 on June 3rd (lol same day as summer jam), the apple price will increase almost guaranteed since 580 divided by 7 = $83/stock, and my broke nizzzles and nizzlettes can afford $83/stock a lot easier to invest in than $580, meaning apple's equity will increase, and buying call options will easily make you 100 to 200% profit, yes I've made that myself, but if you don't know what call options are, first learn more about stock market, stocks, then move onto options and make real juicy money .... I'll entertain all questions, even from trolls and haters to educate y'all ..... and btw, effff Suge Knight, bet he is in suicidal watch now after robbing Dre, Dre still broke the fool's neck by showing him his worth, plus he's most humble of all artists I mentioned, so I'm super happy for Dre. Westsideee!!!

    • ray786

      @sonyy = Excellent Question. Here's some of the books i read / started out with. 1. Intelligent Investor by Ben Graham (Buffet learned from him) 2. One Up on Wall Street by Peter Lynch (Had very high Return on Inv. of mutual funds) 3. Common stocks, Uncommon Profits (Excellent) 4. Reminiscences of a Stock Operator (probably my favorite) 5. Sane Investing in an Insane World by Jim Cramer Read these few books starting out and catch about 1/2 an hour of CNBC sometime in your schedule daily and you should be good. I personally was very interested in the market & was unemployed around 2008 .... so I read like 15 to 20 of these books, started trading for myself, lost 70% of money in 2008 (worst year in stock market history since Great Depression), then went on to profit 800% in 2009, my friends found out so they gave me money to invest for them, for couple of them I tripled their money within a few months in 2010, word of mouth spread and I actually manage around $10,000 portfolios for about 7 people now, i started my own company .... but those are some of the best books i read to begin with.

    • ray786

      @Last Question = In the beginning, when learning stock market yes that would definitely be a better bet and you can learn about basics, before moving onto complex financial instruments like options, etc. Options if u don't know what you're doing can make you lose your shirt very easily, and can make you double your investment easily too, but that should be the next step after learning stocks IMO.

    • sonyy

      stock market, stocks,etc u know any books, games on them the basics??

    • LastQuestion

      So if you can afford to buy a full share of a stock instead of a call option, that would be your best bet right? Options are just for people who want to spend less per share, and deal with the risk/reward that comes with it?

    • ray786

      @Question = Oh yeah dude, no problem, i'm here to help ... and once you read the response you'll see that its definitely as high of a risk as it is a reward ..... meaning you can lose 30% of investment in a day and can gain 150% investment in 2 days, so there's a lot more of a risk/reward factor, but the main reason there is risk is all Options have an expiration date, and if your stock moves in the wrong direction, then you are almost losing 5 times the amount you'd lose if you owned a stock that were to go down .... so it's certainly risky, the trick is usually buying an option after its stock has got crushed, because if stock value let's say drops 10%, option's value will drop around 40 to 50% on average, which means you can get a steal and next day stock may rebound and like in a day you can make a huge return on investment.

    • Question

      Thanks Ray, appreciate it. I'm at work right now so I can't really analyze your response yet, but I emailed it to myself so I can take a look at it later. I have one last question that you might've answered already, but with call options I know there is high reward, but is the risk just as high? Thanks man.

    • erwe

      these dumb niggas dont know shit about the stock market. try talking about slagin dope or somethin...

    • ray786

      @anonymous 7 = Thank You for explaining facts

    • ray786

      @Anonymous 6 = so you're saying you won't read a wall of words and apply it which can make you a millionaire, because of a "WALL OF WORDS". So, you're actually saying if there were proper sentences with good paragraph breaks, you'd read it but otherwise you won't? Do you know how dumb that logic is? And as far as your last sentence stands, its totally worthless, as I type for whoever wants to read and learn from it, if you don't want to feel free to keep scrolling, like i can type like however I want to, you're of no concern.

    • ray786

      @Anonymous 4 = Thank you, just trying to help out.

    • ray786

      @Anonymous 5 = 50 cent is an efffin genius, that's how you moooron.... go check Forbes net worth list 5 years ago, and tell me where Eminem and Dre were and where 50 cent was at, he was damn near $400 million if i remember correctly, while Dre was like $100 million, so that's how Mr. Brainless ding dong!

    • ray786

      @Question = Good Question! So when you say $83/share with 10 shares, I'm assuming you're talking about 10 Call Options, which would equate to you controlling 1,000 Apple shares in the market since 1 call controls 100 shares, & not talking about the brand new options which control 10 shares but expire within weeks, instead of monthly, because I only play the monthly options market. Also, it depends which month's call option you bought, and at which strike price you bought for it to hit that mark. If you only bought let's say 3 month options (which btw always expire in 3rd Thursday of every month), you're only worried about where the price will be within next 3 months, and lets say you chose strike price of $600, and let's say the option was worth $17.75 Aug 16, 2014 call option (that's the actual price i looked it up now), you would be paying $1,775 on the bet that option expiration date of Aug. 16, your apple stock has gone up to $600 at least for you to get any money back, in "THEORETICAL" Terms .... For you to recover your premium it'd need to be $617.75 and you're break-even, but let's say it hypothetically were to go to $645 by that day .... then you'd be making $645 - $617.75 = $27.25, meaning your profit would be $2,725 ... but screw "THEORY" BECAUSE that's the reason i didn't get into options market thinking what if market fell below $645 2 days before Aug. 16, like $30 bucks, then am I essentially losing all profit? I'd assumed theory said the answer was yes, but reality is you can sell the option at anytime within the 3 months, so let's just say you bought this option, and Apple goes up $10 to $590 tomorrow, you could easily have made 33% on your profit, meaning about $2500 return on $1775 investment in one day or 4 days, because there is a thing called Delta, that makes estimations that if the stock continued to move $10/day, or something like that, that's how much your option would be worth at Aug 16, even though its been just a day since you bought the option, and that's what makes it exciting to invest in call options for me. ... etc. (Investopedia is a great resource for learning about options strategies). Now that you've got the basic understanding down hopefully, let's discuss YOUR scenario. If you bought same $600 strike price for Jan 17, 2015 $600 would cost you $31.50, equals to $3,150 and you're buying extra time from instead of 3 months out you're looking 8 months out and betting Apple hits $631.50 or much higher, but like I said, the volatility (delta) is all what's counted in options market, so a $5 up move tomorrow at $31.50 could be worth $34 at end of day, making you $250 in a day..... if price were to go down and only down like you said to $450, you'd lose it all ..... there's ways to hedge that and still make some money off of that but those are complex option strategies that take years to master, and still no guarantee you'll win money .... so it's definitely a risk reward difference, which is why i said start with stocks if you're new into equity markets. Your question who determines 7:1 split? The Apple Board of Directors and the CEO make that decision, essentially to make the stock cheaper for others with less income to buy, since a person who can afford $250 can buy 3 apple stocks at $83 /post split, compared to now where he/she can't buy any stock. Hope I've somewhat helped.

    • Anonymous

      50 has never been above Dr. Dre's net worth you idiot. How can you have more bread than somebody you work for? -Actually before Beats By Jimmy Iovine blew up 50 was worth more due to his Vitamin Water profits when after the deal with Coca Cola. Before that Dre only had his rap money and Suge fucked him out of a lot of it.

    • Anonymous

      As a recent grad with a bachelors degree in Accounting..this dude know what he is talking about

    • Anonymous

      Based on the comments this seems like an interesting read but no way am I reading a wall of words. I don't care if you're applying to be an editor or not proper grammar is clutch in any field. Don't just flash an MBA and expect that you can type like a douche

    • Anonymous

      50 has never been above Dr. Dre's net worth you idiot. How can you have more bread than somebody you work for? Are you even thinking?

    • ray786

      @Anonymous 3 = because I'm explaining something to you in a blog style, conversational style, informal writing filled with run-on sentences and fragments, as I'm not exactly applying to be an editor at HIPHOPDX, though I bet even I'd do a better job editing some of these articles than the staff .... so yeah, i can put together a grammatical proper sentence together, however you're not my English professor, but thanks for acknowledging my improper sentence by responding via an improper sentence of your own, i.e "how are you a in "financial markets" but can't string together a proper paragraph?". Do you see grammatical issues in your own sentence? I hope so.

    • Question

      if you were to buy the call options at 7:1 for $83/share with lets say 10 shares (who determines the 7:1 split btw?) and the stock went down from 580 to lets say $450 in a year, then how much money do you owe?

    • ray786

      @Sebastian = umm.... no I actually got a degree from a reputable state sponsored University, and am getting in Ivy League for MBA, which guarantees around 150k$/YEAR afterwards just off of 2 years of hard work, and I'm taking CFA Level 1 next month, after passing CFA Level 1, 2 and 3, majority CFAs become portfolio managers which makes many around $500,000 per year, that's 3 times salary of a doctor having gone 11 years education for Medical school, etc, so yeah I'm doing site .... now Sebastian, did you flunk out of Community College?

    • Sebastain

      Did you make honor roll at Devry?

    • ray786

      @Anonymous 2 = I mentioned M&A, Mergers and Acquisitions, didn't refer Beats as a merger, its an acquisition, which can be used interchangeably with takeover, however most takeovers have connotation of hostile takeovers, which this certainly wasn't, it was an acquisition. Thanks on the compliments.

    • Anonymous

      how are you a in "financial markets" but can't string together a proper paragraph?

    • Anonymous

      It's more of a takeover than a merger...just sayin....good points though

  • Anonymous

    Fuck Tyrese's dickriding ass

  • Anonymous

    Diddy gonna be crying into his pillow all day long. Lol, fuckin faggot. Congrats to Dre

    • Anonymous

      you really comparing diddy to the president

    • Anonymous

      Obama inspires millions (whether good or bad) and he has a team of writers. God this site has the most uneducated people on the net

    • Anonymous

      how you supposed to inspire someone when you cant even write your own speech>?

    • All Eye Seeing

      Nah he's at Howard University as we speak giving a commencement speech.. to inspire 1000 more young future Million and Billionaires. What are you doing ?

    • Anonymous

      Diddy has to give a speach at Howard University this weekend. Obviously he hired someone else to write it for him.

  • Anonymous

    This was all Will.i.Am's idea I hope jimmy breaks him off a few milli.

  • CS

    Steel sharpens Steel ... This move will only motivate Brothers to do it bigger. Like Diddy said "He set a new Bar" with this move. Gave the man his props. I can see Puff hitting a Billion by the end of this year with Revolt, that's some next level innovative shit what he's doing. Bottom line is. We're winning out here... as a people. If you hate on this .. there's something wrong with you. Go out and Get yours. Steel sharpens steel

  • Anonymous

    Congrats to Dre thats a success story.

  • Poor Homie Quan

    Suge Knight gotta be feeling some type of way.

  • effu

    First billionaire my ass A sale for $3.2 billion would nearly double the value of Dres holdings, though capital gains taxes could take a bite out of his big payday, likely leaving him with a net worth in the neighborhood of $800 million. Its not quite enough to land on the Forbes 400, but it would easily make him hip-hops richest man, topping current champion Diddy by $100 million. (Forbes)

    • ray786

      @Oz F = Long Term Capital Gains is 20%, Short Term Capital Gains (i.e within a year) is 39.6% depending on your income ..... since they bought Beats back last year in summer time, that would be within a year, and his rate would be around 40%, from that information alone, if he'd bought back Beats before May 9, 2013, then his rate would be 20%, depends on timing, and timing could dictate him being $200 million richer.

    • ray786

      @effu = read my comment once again my friend....reading is FUNDAMENTAL .... I didn't read the Forbes story, I just gave you my scenario and said if he actually makes a Billion off of this, then his net worth would be $1.15 billion ..... now read this part of the story .... "As reported yesterday (May 8), Apple was set to purchase Beats Electronics for $3.2 billion, according to gizmodo. The site reported that the sale of the company owned by Dr. Dre and Jimmy Iovine would make Dr. Dre approximately $1 billion." If this statement is correct, his net worth will be above a billion dollars ... his capital gains short term tax rate will be 39.6% (not 35% as I stated earlier), meaning 40% * $1 Billion = $600 MILLION .... add that to the $550 MILLION Net Worth he already has, and that makes it $1.15 BILLION in assets. You see how simple this is?

    • Kanye Breast

      Lol ray786 knows more than Forbes apparently? Ok son get off your high horse

    • effu

      http://www.forbes.com/sites/zackomalleygreenburg/2014/05/09/apples-3-2b-beats-buy-would-make-dre-raps-richest-man/ maybe this will help you to get that he is NOT a billionaire

    • effu

      Game is one of the biggest artists in hip hop of all time? OF ALL TIME? (*Kanye's voice*). FOH! He got only two hot albums in 10 years, the one was ehhh, the other one - Documentary.

    • chris

      Lol troll. He's not connected with hip hop, yet the masses who listen to hip hop wear his headphones APPARENTLY. Regardless if you like them, apple saw value. He's only been responsible for the biggest artists in hip hop of all time. Em, 50, Kendrick, Game. These are some of the biggest guys from the West Coast. And definitely the most known from the West COast hip hop scene ever.

    • effu

      @ray786 read this carefully!!! And if you don't get it, read once more A sale for $3.2 billion would nearly double the value of Dres holdings, though capital gains taxes could take a bite out of his big payday, likely leaving him with a net worth in the neighborhood of $800 million. Its not quite enough to land on the Forbes 400, but it would easily make him hip-hops richest man, topping current champion Diddy by $100 million. (Forbes)

    • Oz. F

      Top tax rate for capital gains is 20% not 35%

    • ray786

      @effu = dude, his net worth is $550 million. If he's reportedly going to make a billion dollars, his capital gains tax is 35%, leaving him with $650 million of liquid assets. Add $550 million to $650 million = $1.2 BILLION, meaning billionaire. Hope you can count better.

    • Anonymous

      Dre owns 25% of Beats. 25% of 3.2 billion is a hell of a lot more than 250 million after taxes!

    • effu

      Damn, can't you read? English is not my native language and I can dig that. After this deal Dre's net worth will be 800 mill, so he'll get 250 mill off of this deal. And yeah I'm happy for the man but honestly at the moment he's in no way connected with hip-hop

    • Malcolm Farrakah

      Thank you, Uncle Sam. But can't you at least be happy for the man instead of circling around his new found wealth like the greedy, opportunistic buzzard that you are?

    • Anonymous

      Mind you,he was already worth $550million before this deal...

  • Ray

    It will always be Black and White. Don't get it twisted. Shit like that will never go away. Don't listen to these druggies/hippies. Look at the world with through a sober perspective. The division will always be there. You're lost if you think other wise. Money tends to level the playing field and eases the tension that's why news like this is such a big fucking deal.

    • Anonymous

      This is only a big deal if you're related to Andre Young or Jimmy Iovine. This changes nothing.

  • Anonymous

    What's his next venture gon be?he's surely gonna get involved in some other major stuff with this profit he's made from the sale..

  • Anonymous

    Fuck it I'm just glad it was Dre and not that fuck boy Diddy.

  • 50 cent

    yo its the kid 50 cent, fuck dre im the richest snitch around how dare hiphopdx not up up a 50 says headline today!!!!!!

  • Anonymous

    Dr. Dre, Eminem and N.W.A. are for old people. We young niggas listen to Young Thug, Chief Keef, Lil Wayne, Drake and Lil Durk.

    • Anonymous

      yea that's whey the young generation is in the position they are in today. You are all dumb as fuck

  • Anonymous

    Why does Tyrese look happier than Dre? Are they secret lovers and he's happy he will get to share Andre's riches?

  • Ray

    Great day for Hip Hop. Great day to be a Black man. Great day to be born and raised in Compton. You've worked hard. You've seen it and been through it all. Got fucked out of your contract multiple times and you've seen great pay days. Congratulations Dr. Dre if it weren't for brothers like you, Russell, Puff, and Jay, we really wouldn't have made it this far. ... If anyone has anything negative to say about this man after today (or any other brother out there taking leaps and bounds in this white man's world you are fucking pathetic.) To the young dudes out there in the Chi...Obama might look out of touch in your lives but Dre came from the same exact conditions. There is really no more excuse for us to be killing each other over nonsense. I'm proud to be a black man today. Don't allow the enemy to destroy our culture because that is exactly what they are trying to do...especially when brothers begin to bank big off of this.

    • ETK

      LMAO keep trying to downplay it faggots, history was made today, a NIGGA became a billionaire @Ray don't even try it bruh, HHDX trolls are quick to activate denial mode when they see one of us getting it, their blood boils when we get money instead of going to jail

    • Anonymous

      Lol @ all these white boys mad at a nigga getting money

    • CS

      I hear you Ray .. I'm from the East but I feel like this is a win for all of us. Our Culture is winning right now. We came up from slavery, big time.

    • Ray

      You're missing the point my man. But I guess its cool though because in all reality it wasn't meant for you. My man Tyrese gets it though. F. Gary Grey gets it. Hip Hop culture gets it.

    • Ray

      Exactly. Jimmy is white. Andre is black. They both had a vision for a product, created it (Beats by Dre) and today they are both sitting comfortably on a billion dollars, in Los Angeles, CA. Dr. Dre will never have a (financial) want or need again in his lifetime. Have a good day.

    • Anonymous

      "I support any Black man that makes his dream a reality." Beats wasn't his dream it was just an opportunity that the white jews offered him.

    • Anonymous

      If that's your theory stick to it. History was made today. Respect that.

    • Anonymous

      Stop making everything black & white you punk. Blacks and whites built America together. Whites were the brains. Black were the muscle.

    • Ray

      Yes I am. You are absolutely right. I am proud of any Black man with a vision. I support any Black man that makes his dream a reality. Contrary to your beliefs we don't all hate and envy one another. I know I won't ever be able to make a billion in my lifetime so I tend to love and support those who can.

    • Anonymous

      LOLOLOL THE ONLY REASON THIS NIGGAS HAS A DOLLAR IS BECAUSE OF JIMMY IOVINE THE WHITE MAN

    • Anonymous

      Hahahhahaha proud to be black cause a black guy has more money than you.

  • Anonymous

    At the end of the day, you're still just a nigga with money.

  • Anonymous

    Now that Paul Walker is dead Tyrese is looking to suck up to whoever has the cash.

  • Anonymous

    GET FIREMUSIC VIDEOS FROM THE BEST IN L.A. THE BLACK SCORSESE TZFILMZ@GMAIL.COM YOLLA!

  • Anonymous

    hahahaha what was that article a few weeks ago dx? Pitbull will most likely be the first hip-hop billionaire? ...hahaha

  • Not Impressed

    Dr Dre has to be one of the luckiest people on earth. He has come so far in life, yet done so little. Everything from Eminem to 50 Cent to the headphones, just fell right into his lap and he never even had to do much. He uses ghost writers and ghost producers but he's seen as a legend in hiphop and is about to become a billionaire, that's just so unreal to me. I'm happy to see another black billionaire though, even if he doesn't really deserve it. I'm not impressed

  • 394

    I'm happy for Dr Dre. He's not an EXTRA ass nigga like Jay-Z and Puff. He just does him. Salute

  • Anonymous

    HHDX article recently looked stupid then and looks worse now. The one person with an actual path to a Billi was excluded....Pitbull? Nicki Minaj? wtf?

  • DETROIT SLIM

    Unreal.This guys steals and samples song after song for YEARS,has an army of producers and musicians around him-so he can bite they shit-and sells weak ass,shit headphones that no real studio head would ever use or vouch for. Only in America.

  • Anonymous

    This nigga is a sell out...Get back to music cock socker

  • Anonymous

    Now that he's the richest man in hip-hop he should start giving back. Put out some of those rappers that got shelved like Bishop Lamont.

  • Ty Ga

    props to andre but he not first. everyone on ymcmb is already a billionaire as soon as they sign the contract.

  • shadyari

    he well deserved that billion :) because he brought Eminem into this World :) Eminem live Wembley Stadium 11 & 12 July 2014 yeah baby :) Just got me a ticket

  • CS

    HipHop is ruling right now ... Start your Brand today my people. We're about to have a 100 year reign out here.. Generational wealth. Start your company man ... HipHop lifestyle shapes the Worlds culture right now.. heavy influence. Get in and get your piece. Build it up .. Don't waste time hating on the next man.. Build yours. Congrats Dre.. 50 you're next. SMS quality is better than Beats in my opinion... Go ahead and do a deal with Samsung or something. Telecom is one of the fastest growing industries in the world.. they have money to toss around and experiment with. It's all out here for the taking. This globe is respecting our vision. Build my people .. it's our time. CS Brand Apparel 2014 CS Unlimited LLC #WisdomMechanics #Crippledscience

    • CS

      Come on Brother.. Who said Africa was a Country .. I didn't. Didn't do it for Australia either. I'm just throwing out locations.. What, you want me to sit here and name all the countries in Africa and Australia where Hip Hop is prevalent.. If I say S. Africa, what about Morocco and Ghana, and Nigeria.. or Zimbabwe .. Angola and Senegal.. Ivory Coast.. Benin. Nah Brother.. 'Africa'. as a whole. There's Hip Hop artists coming out of all those countries.. I understand the words I chose. You get my point though .. Stop being petty kid.

    • @CS

      "Africa" Wow you've been to all of Africa?? Lol. cant stand people who talk about Africa like its a country, smh.

    • CS

      @Charliesheen .. word. We gotta motivate each other out here. No time for weak crab shit.

    • CS

      I disagree.. I've traveled to different parts of the world. Been to Japan.. Tokyo, Osaka. I see the influence out there. It's the same in London.. Africa.. Australia. HipHop Music is sold more in international countries than it is in the U.S. You know how strong a hold Wu Tang has millions of fans worldwide... Hip Hop is embedded in world culture. American Hip Hop artists can get booked for shows globally for the rest of there lives.. and be set financially. This is real. It may not be in all corners.. but it has a respectable chunk. Enough so to do Billion dollar deals. You can't front on that.

    • Charlie Sheen

      Spread motivation on a hip hop blog. You are winning

    • CS

      @ The Fuck your Brand comment .. you should show your face.

    • Anonymous

      fuck your brand

    • Anonymous

      Hip Hop is not anywhere near as big globally as you think.

  • R.pgh

    damn.... the entire beats collection is just selling an image. The headphones aren't worth the high price when you can get equal quality from stuff at half the cost. But they don't say Dre on them and athletes aren't in the commercials.

  • Anonymous

    I bet them niggas at Monster are feeling some type of way. Those are the guys who developed and manufactured Beats for Dre before his team of jew lawyers fucked them out of any ownership and moved Beats to a different manufacturer.

  • ADA

    west coast all day my G

  • Hood Rich

    Started from the bottom now Dre's at the top of da heap. Hip Hop Cash King!

  • Anonymous

    No, ja rule was the first billionaire, but yall sleeepin on the dude, he works hard, takes a 10 million every show he does, ja's worth 20 billion.

  • ADA

    DRE you the MAN, congrats thats where things get started for real , A BILLI

  • Sebastian

    Y'all not gonna reference the article you crafted that listed Pitbull as a billionaire candidate but purposely excluded Dr. Dre?? http://www.hiphopdx.com/index/editorials/id.2369/title.billionaire-minds-the-race-to-become-rap-s-first-billionaire

    • Sebastian

      Yeah they excluded him because he never explicitly stated he wanted to be a billionaire. Journalism wouldn't exist if it only covered topics that people explicitly stated. f-boy.

    • Illiteracy Awareness Week On HipHopDX

      They explain why they excluded Dre if you read.

    • Anonymous

      HAHAHAHAHAHAHAH THAT WAS FUNNY, THEY HAD NICKI AND NO BIRDMAN

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