Forbes to dr.dre “not so fast….you’re no billionaire”

Dr. Dre better stop counting his chickens before they hatch — calling himself the “first billionaire in hip hop” — a rep for Forbes tells TMZ, once the $3.2 Billion Apple deal is finalized … the rap mogul will NOT hit the billion dollar mark.

Forbes Assistant Managing Editor for Wealth tells us … they’ve done the math, and after state and federal taxes … Dre will be worth in the neighborhood of $800 million.

It appears Dre only owns 25% of the company … so the max he’d make off the sale is $800 MIL. After state and federal taxes, he’s left with $480 MIL, and when you add in Dre’s other assets, that’s how Forbes now comes up with $800 MIL. Close but no cigar.

The editor says, “Not quite enough to debut on the Forbes 400 but plenty for bragging rights.”

In the words of Ice Cube … check yo self before you wrickity-wreck yo self.

> Forbes to dr.dre "not so fast....you're no billionaire" - Photo posted in The Hip-Hop Spot | Sign in and leave a comment below!


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Dru Tyler

Owner/Co-Founder at Daily Rap News
Dru Tyler is an American entrepreneur, inventor, publicist, software engineer, investor, A&R for UMG, and a journalist. He is a co-founder of Daily Rap News the CNN of the Rap World. Dru has been publicly associated with the late Michael Jackson, Janet Jackson, Young Jeezy, Lil Kim and Junior Mafia and more.

Latest posts by Dru Tyler (see all)

Written by Dru Tyler

Dru Tyler is an American entrepreneur, inventor, publicist, software engineer, investor, A&R for UMG, and a journalist. He is a co-founder of Daily Rap News the CNN of the Rap World.

Dru has been publicly associated with the late Michael Jackson, Janet Jackson, Young Jeezy, Lil Kim and Junior Mafia and more.