CLOSE

Courtesy of SOHH Dot Com

“I don’t bop, I do the money dance!”- Rick Ross

And that’s exactly the dance music moguls Dr. Dre and Jimmy Iovine are doing right now as they have secured a minority investor in their company Beats Electronics, which distributes the Beats headphones as well as other products.  The Carlyle group, which is based out of DC is reportedly investing $500 million dollars for a minority stake in the company.  This would bring the net worth of the company to just over $1 billion dollars.  Dr. Dre is currently 3rd on the Forbes list this year for World’s Highest Paid Hip Hop Artists.  Money, money, yea yea!!!

Source

Also On Boom 103.9 Philly:
×