West coast
star producer and rapper Dr Dre is set to become Hip Hop's first billionaire as
Apple Inc. about sealing a multi-billion dollar deal to purchase Beats
Electronics, the company he founded with music producer Jimmy Lovine in 2008.
The company produces the popular Beats By Dre headphones and also runs a music
streaming service, which Apple is more interested in than the headphones
itself. If this happens, it will be Apple's biggest acquisition till date.
($3.2billion)
Apple wants
a music-on-demand service to rival Spotify, which is a digital music service
that gives people access to millions of songs.
It was
announced today that the acquisition could be announced as early as next week.
Last night,
singer Tyrese posted a video where Dr Dre proclaimed himself the first
billionaire in Hip Hop. Dr Dre is currently worth $550million. See the video
after the cut...
In the
video, Tyrese said:
"Billionaire
boys club for real, homie. The Forbes list just changed.… Sh*t just changed!”
Dr Dre added:
“The first billionaire in hip hop, right here
from the motherf*cking West Coast
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