It’s official now, Apple has bought the Doctor’s company, “Beats By Dre” for 3.2 Billion US Dollars, which makes Andre “Dr. Dre” Young the first ever Hip-Hop/Rap mogul to hit the Billion dollar mark. Earlier on the week rumors were spreading of Apple buying out “Beats By Dre” and it wasn’t until Dre himself confirmed those rumors to be true. As of Friday, May 9th it was confirmed by Tyrese when he posted a video of the official announcement on his Facebook page (which can be seen below). On the video Dre simply says
“First billionaire in hip-hop, right here on the mother-f$%&*#$ west coast”
Dr. Dre is referring to his home roots of Westcoast Hip-Hop/Rap in California. S/O to Compton and Los Angeles, they must really be proud of Dre. Also in other reports, as part of the deal Andre Young and Jimmy Iovine are officially the new Apple Executives. Congrats Dr.Dre and Jimmy, it’s always great to hear power business moves from the Music Industry.
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