And with his formal involvement at Apple seemingly wrapping up, Dre will likely need to get back on the festival circuit-or start a new company-if he’s to make good on his 2014 declaration. He has spent heavily over the years on property (he paid $40 million for Tom Brady and Gisele Bundchen’s Los Angeles estate) and charitable donations (along with Beats cofounder Jimmy Iovine, he gave $70 million to start a school at USC). With that being said, the artists mentioned on. The rise of streaming services has made it easier for up-and-coming artists to gain exposure, which has helped create a more diverse and vibrant rap scene a feat that deserves to be celebrated. The superproducer owned an estimated 20%-25% of the company at the time of the $2.6 billion Apple paid upfront in cash, another $295 million was earmarked to cover debt payments, leaving Dre with a little over $500 million.Įven with the vesting of his final slug of Apple stock last summer, Dre hasn’t quite made it into billionaire territory. Just a few years ago, hip hop broke records as it became America’s most popular genre of music. Dre proclaimed himself a billionaire, but Forbes still doesn’t agree with the assessment made in the wake of Apple’s $3 billion 2014 purchase of his Beats By Dr. As it continues to scale up, he could one day join his sister-in-law, Kylie Jenner, as a billionaire. Our accounting of West’s wealth is almost entirely predicated on a conservative estimate of that brand’s value. But selling church clothes alone won’t be enough to push West into ten-figure territory.ĭespite declaring himself $53 million in debt and beseeching Mark Zuckerberg for $1 billion to fund future creations in 2016, West makes his debut on this list thanks to a another patron: Adidas, which lured West and his Yeezy shoe line from Nike several years ago. He took the show on the road in April for a Coachella service on Easter Sunday featuring appearances by Chance the Rapper, DMX and a gospel choir-while hawking socks and “holy spirit” sweatshirts. A onetime protégé of Jay-Z, the superproducer has been making headlines recently for his Sunday Service, an invitation-only get-together mostly in Southern California that is reportedly frequented by the likes of Courtney Love and Tyler, the Creator.
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