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Dr. Dre

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Jimmy Iovine and Dr. Dre may have built a $3.2 billion empire on a product that cost less than $20 bucks to create.

The New York Times reports that Dr. Dre’s Beats by Dre headphones are inexpensive to make, with headphone designers estimating “the cost of making a fancy headset is as low as $14.” A pair of Beats by Dre can cost upwards of $450.

While Beats by Dre may be made for cheap and have questionable sound quality, the brand is a marketing juggernaut. Beats by Dre owns an 27% of a headphone industry that reported $1.8 billion in sales last year.

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Straight Outta Compton – Red Band Trailer with Introduction from Dr. Dre and Ice Cube (HD) (Official)
The Story of N.W.A – In Theaters August 14th
http://www.straightouttacompton.com/

In the mid-1980s, the streets of Compton, California, were some of the most dangerous in the country. When five young men translated their experiences growing up into brutally honest music that rebelled against abusive authority, they gave an explosive voice to a silenced generation. Following the meteoric rise and fall of N.W.A., Straight Outta Compton tells the astonishing story of how these youngsters revolutionized music and pop culture forever the moment they told the world the truth about life in the hood and ignited a cultural war.

Starring O’Shea Jackson Jr., Corey Hawkins and Jason Mitchell as Ice Cube, Dr. Dre and Eazy-E, Straight Outta Compton is directed by F. Gary Gray (Friday, Set It Off, The Italian Job). The drama is produced by original N.W.A. members Ice Cube and Dr. Dre, who are joined by fellow producers Matt Alvarez and Tomica Woods-Wright. Will Packer serves as executive producer of the film alongside Gray.

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Dr. Dre could be days away from being the first rapper turned BILLIONAIRE … thanks to a mega-deal for Apple to snatch up his Beats Electronics brand.

Apple will reportedly buy Beats for a whopping $3.2 BILLION — and since Dre and Interscope honcho Jimmy lovine created the brand … it’s a safe bet they will walk away with a huge chunk of that cash.
Source: TMZ

Beats by Dre founders Dr. Dre and Jimmy Iovine are joining forces with the University of Southern California, which was founded in 1880 – but they’re not doing it as some sort of history lesson. Rather, they’re banking on the future. The noted hip-hop figures are donating $70 million to create the Jimmy Iovine and Andre Young Academy for Arts, Technology and the Business of Innovation. Starting in the fall of 2014, Trojans will be able to enroll in the four-year program, which offers courses in technology, art, design and marketing.

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Today marks the 20th Anniversary of solo debut for music mogul and entrepreneur Dr. Dre.  The Chronic named after high grade marijuana in California was released on DeathRow Records and executived produced by Suge Knight in Los Angeles in 1992 featuring Daz, Snoop Dogg, RBX, Kurupt, Lady of Rage and more.  This album set the bench mark for a classic rap/ hip hop album.  In 2012, Dr. Dre makes $100 plus million selling speakers and headphones.  Checkout throwback vid ‘Nothin But A G Thang’ below:

 

spotted: Forbes

Top 10 highest paid musicians via Forbes (pre tax earnings)

1. Dr. Dre ($110 million)

2. Roger Waters ($88 million)

3. Elton John ($80 million)

4. U2 ($78 million)

5. Take That ($69 million)

6. Bon Jovi ($60 million)

7. Britney Spears ($58 million)

8. Paul McCartney ($57 million, tie)

8. Taylor Swift ($57 million, tie)

10. Justin Bieber ($55 million, tie)

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