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