Connect with us

Business

Apple Buying Dr. Dre’s Beats Electronics Could Make Him Hip Hop’s First Billionaire

Published

on

Dr Dre and Eminem at Apple office

Hip Hop music mogul Dr. Dre, who recently made 'Forbes Five' list of wealthiest hip hop artists along with Sean 'Diddy' Combs, Jay-Z, Birdman and 50 Cent, could be on his way to becoming hip-hop's first billionaire with a new possible Apple and Beats Electronics deal.

Sources are saying that Apple is in talks to buy Beats Electronics for $3.2 billion dollars. Beats is the company, which was founded by Dr. Dre and music mogul Jimmy Iovine, that owns the headphones brand Beats By Dre as well as Beats Music service.

Beat Electronics is reportedly valued at $1 billion dollars following an investment of $500 million dollars by Carlyle Group.

This would be Apple's biggest buyout that the company has ever made.



Neither Dr. Dre or Apple have officially confirmed the deal, however Dr. Dre somewhat hinted at the deal being a done deal in a video with his friend, singer and actor Tyrese Gibson.

The hip hop producer and businessman also shared a photo of himself and rapper Eminem at the Apple offices over his Instagram.

Check out the video of hip hop's possible first billionaire, Dr. Dre, in what could be a celebration of the $3.2 billion dollar acquisition of his Beats Electronics company by Apple.

Subscribe to Memphis Rap

Business

Drumma Boy Launches “House Of Fresh” Streetwear Boutique Clothing Store in Atlanta

Published

on

Drumma Boy recently launched his new hip clothing store at a filmed grand opening in Atlanta. The new clothing store is called "House Of Fresh."



(more…)

Subscribe to Memphis Rap

Continue Reading

Business

Yo Gotti Signs With Jay Z’s Roc Nation, Drops New Song “Castro” With Kanye West

Published

on

yo-gotti-signs-to-jay-z

It is official, Memphis rapper and businessman Yo Gotti has joined forces with hip hop mogul and also businessman Jay Z and has signed with the Roc Nation.

Roc Nation, an entertainment company founded by Jay-Z, already has quite the roster of artists with the likes of J. Cole, Big Sean, Rihanna, DJ Khaled, T.I. and many others signed with the company.
(more…)



Subscribe to Memphis Rap

Continue Reading

Business

The Hip-Hop Entrepreneurship Connection

Published

on

hip-hop-business-entrepreneurship

The history of the hip hop genre is an underdog story. Its roots go back to the 1970s where few made it out of tough inner cities to experience a taste of professional or financial success. Those who were left behind had little hope to cling to, but they decided to tell their stories through music and the rest is history. Today hip hop has grown to become an industry that generates billions of dollars per year and the top rappers and entertainers within the game have become savvy entrepreneurs. This transition happened because as unlikely as it seems, the connection between the world of hip hop and the realm of business is quite strong. Here's why hip hop became such a big money maker.
(more…)



Subscribe to Memphis Rap

Continue Reading

Trending