Dr Dre to become hip hop's first billionaire as Apple sets to buy Beats for $3.2bn
Apple Inc. is reportedly close to sealing a multi-billion dollar deal to purchase Beats Electronics ― the company produces the popular Beats By Dre headphones and also runs a music streaming service, which Apple is more interested in rather than the headphones division.
Apple wants a music-on-demand service to rival Spotify, which is a digital music service that gives people access to millions of songs.
Apple make their living on products that are “stylish and hip”, therefore Beats would fit quite well in their line-up.
It was announced today that the acquisition could be announced as early as next week, making Apple's biggest acquisition ever.
While the purchase is yet to be confirmed formally by either company, Last night, singer Tyrese posted a video where the renowned producer and rapper proclaimed himself the first billionaire in Hip Hop.
In a clip spanning just 83 seconds,
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***ing West Coast!
If Apple buys Beats Electronics for $3.2 billion, the 49-year-old record producer and rapper will become hip hop's first billionaire.
I think not only hip hop, cant think of a billionaire in any genre of music. I don’t think there are any others.
The full video is available HERE. Be warned, the clip contains a fair amount of bad language.
I think not only hip hop, cant think of a billionaire in any genre of music. I don’t think there are any others.
The full video is available HERE. Be warned, the clip contains a fair amount of bad language.
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