Dr. Dre Celebrate $3.2 Billion Apple-Beats Deal [Video]

Andre Romelle Young, known by his stage name Dr. Dre is calling himself the "first billionaire in hip hop" in a new video, and if his deal with Apple is finalized, he may be!.

                            Photo of  Dr. Dre and Lebron James by Celebrity Networth

This follows the report that came out on May 8 by Matthew Garrahan and Tim Bradshaw of the Financial Times: that Apple was in the last stages of purchasing Beats Electronics for $3.2 billion.

However, will that really land Dre on the "Forbes billionaire list" as his friend Tyrese Gibson says in their celebratory video?

"First billionaire in hip-hop, right here on the motherf—ing west coast," Dr. Dre yells into the camera in the video, that Tyrese shared on his Facebook page. Watch video below:



"Oh s–t, the Forbes list just changed!" Tyrese yelled in the video, but that may not be the case.

Dre, whose net worth was listed as $550 million in 2014 by Forbes, co-founded Beats, but last year Carlyle Group acquired a minority shareholding for $500m. His present stake is thought to be somewhere between 20 and 25%.

Which means? That after the sale – and after tax – Dre will be worth $800m; ahead of Diddy and Jay Z, but some way shy of his first billion.

So yes, that would make him no. 1 on the hip hop list, but not a billionaire just yet.