Dr. Dre is a rapper, actor, entrepreneur, and producer from the United States. Dr. Dre has a net worth of $500 million as of this writing. Dr. Dre is widely regarded as one of the most successful entertainers of the last three decades. He has made hundreds of millions of dollars from his music career and even more through his various entrepreneurial endeavors. The total value of Dr. Dre’s known real estate portfolio is at least $80 million.
Rap stars, more than any other group, seem to come and go. A rap artist may release a popular mixtape or guest perform on someone else’s hit song, but then we never hear from them again. Some simply put the mic down and go about their business. Some never regain their early success.
Others face problems unrelated to their music careers and are unable to continue making music. Rap starts seem to come and go in the blink of an eye, for whatever reason. Dr. Dre, also known as Andre Romelle Young, is not one of those rappers.
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Outside of music, Dr. Dre and music producer Jimmy Iovine co-founded Beats By Dre, which was acquired by Apple in May 2014 for $3 billion. Because Jimmy and Dre each owned 25% of Beats by Dre at the time of the sale, they each earned $750 million pre-tax from the transaction. Dre was left with a $780 million post-tax fortune (after combining his other assets) immediately following the sale.
Early Life and Early Success
On February 18, 1965, he was born Andre Romelle Young. Dre grew up in South Central Los Angeles during the early days of the West Coast hip-hop scene. Dre used to frequent nightclubs as a teenager, where he learned to DJ. He joined the electro-hop group World Class Wreckin’ Cru in 1984. Dr. Dre joined the rap project N.W.A. after meeting fellow rapper Ice Cube.
In 1988, the group released their debut album “Straight Outta Compton” on Eazy-E and Jerry Heller’s Ruthless Records. Straight Outta Compton, which was violent, profane, and undeniably groundbreaking, would eventually be certified double platinum and would go down in music history as one of the most pivotal albums in the formation of hip-hop.
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Dre left Death Row in 1996 because he was fed up with the constant legal problems and disputes at the controversial company. He renounced his back catalogue rights and company ownership stake. Dre would later claim that when he left Death Row, he walked away from $50 million. He quickly founded Aftermath Entertainment, which would eventually house numerous artists such as Eminem, Mary J. Blige, and 50 Cent.
Apple Stock Ownership
As previously stated, $400 million of the $3 billion purchase price was paid in Apple stock when Beats sold to Apple. Dre received $100 million in Apple stock as a 25% owner. Apple was trading at around $95 per share at the time of the transaction, so he received approximately 1 million shares. Apple is currently trading at slightly more than $200 per share. Assuming Dre kept all 1 million shares, his Apple stock is now worth $200 million.
Personal Life
Dre and Nicole Young were married from 1996 to 2020, when she filed for divorce. They have two kids: a son named Truice and a daughter named Truly. It was reported at the time of her June 2020 divorce filing that the couple did not have a prenuptial agreement, and thus she could be entitled to a significant portion of his fortune.
Dre had a son with his girlfriend at the time, Cassandra Joy Greene, when he was 16 years old in 1981. Curtis, their son, is a rapper who goes by the stage name Hood Surgeon. He did not meet his father until he was in his twenties, according to reports. Dre had another child in 1983, a daughter named La Tanya Danielle Young.
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Dre and his girlfriend Jenita Porter welcomed a son named Andre Young Jr. in 1988. Andre tragically died of a drug overdose in August 2008. Dre and singer Michel’le had a son named Marcel in 1990.
Divorce Settlement
Dr. Dre eventually agreed to pay Nicole $100 million in two installments. He gave her $50 million up front and another $50 million a year later.
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