Dr. Dre Net Worth
Dr. Dre Net Worth: $790,000,000
Sources: Death Row Records, Beats Electronics, Aftermath Entertainment, Hewlett-Packard (HP), St. Ides, Coors Light, Dr. Pepper, Chrysler
Andre “Dr. Dre” Young is a rapper, record producer, actor, and entrepreneur with a net worth of $790 million. Born in Compton, Los Angeles, Dr. Dre is known to many as the godfather of hardcore gangster rap.
Born in 1965, Dre started rapping professionally in the early 1980’s with the group World Class Wreckin’ Crew. In 1986, he met Ice Cube and Easy-E, and formed N.W.A. (“Niggaz Wit Attitudes”). Their first album, “N.W.A. and the Posse,” was largely unsuccessful, but their second, “Straight Outta Compton,” was a massive underground hit. Despite the group’s success, however, Dre left N.W.A. in 1992 to form Death Row Records with Suge Knight and to work on his solo career.
Dre’s first solo album, “The Chronic,” was a huge success, going triple Platinum and making Dre one of the top ten best-selling American performing artists of 1993. This album marked the beginning of Dre’s trademark “G-funk” sound, as well as the beginning of his collaborations with Snoop Dogg. After the release of “The Chronic,” Dre produced Snoop Dogg’s first album, “Doggystyle,” which became the first artist premiere to debut at number one on the Billboard 200.
Dre’s next big move was the signing of 2Pac to Death Row in 1995. However, Dre soon began to grow suspicious that Suge Knight was corrupt, and in 1996 he left Death Row to form his own label, Aftermath Entertainment. He then scored another major success in 1998 when he signed Eminem to Aftermath. Dre produced three songs on Eminem’s debut “The Slim Shady LP.” One of those songs was “My Name Is,” which became the single that launched Eminem into stardom.
In 1999, Dre released his second solo album, “2001,” which charted at number two on the Billboard 200. After that, Dre turned his attention to production, working on songs for artists like Eminem, Mary J. Blige, Gwen Stefani, 50 Cent, and The Game. During that time, he also started work on his next album “Detox,” which to this date has yet to be released. Dre has announced several release dates for the album over the years, none of which have ever come to fruition.
Perhaps the reason that “Detox” is taking so long is due to the fact that Dre is wrapped up in so many other business ventures. Here is a look at some of his major projects:
Aftermath is the current home of rappers Dr. Dre, Eminem, 50 Cent, and Dre’s latest protégé Kendrick Lamar. Lamar’s first Aftermath album, “good kid, m.A.A.d city,”
debuted at number two on the Billboard 200, and sold 242,122 copies in its first week.
For a rapper with a legendary status like Dr. Dre, it might come as a surprise to hear that the bulk of Dre’s income now comes not from album sales, but from headphones.
Dre started Beats Electronics as a joint venture with Interscope head Jimmy Iovine in 2008. Since then, the company has released a number of celebrity-endorsed products, including headphones and speakers endorsed by Nicki Minaj, Lil Wayne, Diddy, and Dre himself. In 2009, the company signed a deal with Hewlett-Packard (HP), which allowed HP to release Beats products along with some of their laptops.
Originally, Dre and Iovine both owned one third of Beats Electronics, but in 2012 HTC paid $300 million to buy a 51% stake in the company. This was a huge help to Dre’s revenue for that year, as the sale of his shares netted him an estimated $85 million, and left him with $100 million worth of shares to hang on to. The mobile phone company later sold back its shares for an estimated $415 million.
Dre then received an even bigger revenue boost in 2014 when Apple bought out Beats Electronics for an estimated $3.2 billion. This resulted in an estimated $800 million payday for Dre, making him the richest rapper in the world and nearly a billionaire.
Dre has had a fairly successful acting career, appearing in three major films: “Set it Off,” “The Wash,” and “Training Day.” His biggest role was in the 2001 film “Training Day,” where he starred alongside Denzel Washington.
Other Product Endorsements
Dre has been involved in numerous product endorsement deals over his years in the hip-hop business. These deals have included Dre. Appearing in commercials for St. Ides, Coors Light, Chrysler, and Dr. Pepper. In 2009, Dre used a commercial for Dr. Pepper to premiere the first snippet of music from “Detox.”
Latest Ventures: New Music
In addition to his continued work on Detox, Dre has also announced that he is working on an instrumental album called “The Planets,” which features a song for each planet in the solar system. After taking a break from music to focus on his business with Beats Electronics, Dre returned in 2012 to headline the Coachella festival alongside Snoop Dogg. Dre has also been hyping up the release of his signature Aftermath cognac and vodka, but just like “Detox,” the products have been announced several times but never actually released.
Musically, Dre has been quiet as of late, but his smart entrepreneurship has helped his net worth climb to $360 million. Always an innovator and a trendsetter, Dre will no doubt keep fans guessing as to what he will be up to next, and, as has become his common practice, he will find some way to cash in big on the deal.