American rapper, record producer, and entrepreneur Andre Romelle Young (born February 18, 1965) is better known by his stage name, Dr. Dre. In the technology industry, he is known as a co-founder of Beats Electronics, which was purchased by Apple Inc. for $3.4 billion in 2014.
After having co-founded and owned Death Row Records, he now runs Aftermath Entertainment as its CEO. He started out in the music industry in 1985 as a member of the World Class Wreckin’ Cru, and a year later he was front and center with the gangsta rap group N.W.A.
Early Years and Profession
Dre’s birth year is 1965 and he was born in Compton, California. He attended Centennial High for a while but eventually moved on to Fremont. Dr. Dre began his career in 1985 when he joined the American Electro group World Class Wreckin’ Cru.
He rose to fame with the gangsta rap group N.W.A., known for its lyrical depictions of street violence. The Chronic (1992) was Dr. Dre’s first solo studio album, and it was released by Death Row Records in 1993.
Due to the success of this album, he was recognized as one of the year’s top recording artists in the United States.
His single “Let Me Ride” won the Grammy for Best Rap Solo Performance. He worked as a producer on Snoop Doggy Dogg’s first album, titled Doggystyle.
In 1996, Dr. Dre left Death Row Records to launch his own label, Aftermath Entertainment. For their albums, Eminem (1998) and 50 Cent (2002, respectively) enlisted his help as a producer.
D.O.C., Snoop Dogg, Xzibit, Knoc-turn’al, the Game, Kendrick Lamar, and Anderson were among the rappers whose albums he produced. In addition to producing, Paak. Dre has appeared in several films as an actor, including Set It Off, Wash, and Training Day.
What Is Dr. Dre’s Net Worth?
Hip-hop artist, actor, entrepreneur, and producer Dr. Dre hails from the United States. According to current estimates, Dr. Dre is worth $500 million.
To say that Dr. Dre is one of the most successful musicians of the past three decades would be an understatement. From his musical career alone, he has amassed hundreds of millions of dollars; from his various business ventures, he has amassed even more.
Dre has sold hundreds of millions of albums and singles over the course of his career, both as a member of N.W.A. and later as a solo artist. Through his label/production company, Aftermath Entertainment, he helped launch the careers of rappers Eminem and 50 Cent.
Beats By Dre, a consumer electronics company co-founded by Dr. Dre and music producer Jimmy Iovine, was acquired by Apple in May 2014 for $3 billion. Since Jimmy and Dre each owned 25% of Beats by Dre at the time of the sale, they each received $750,000,000 before taxes. As soon as the sale closed, Dre had a combined post-tax fortune of $780 million from all of his assets.
Dre’s wife of 24 years, Nicole Young, reportedly filed for divorce in June of 2020. According to reports, the couple has not signed a prenup. Dr. Dre disclosed his financial situation in a court filing made in December 2021.
According to the paperwork, Dr. Dre has between $450 and $500 million in assets under his control and earns an average of $230,000 per month. The documents revealed that Dr. Dre had $182,733,809 in his bank accounts and that he had sold Apple shares worth $73 million in 2021. He also owns $270 million worth of real estate and has $6 million in stocks.
Apple Stock Ownership
Just now, we mentioned that $400 million of Apple’s $3 billion acquisition of Beats was paid for in Apple stock. Dre got $100 million worth of Apple shares as a 25% owner. Apple was trading at around $95 per share when the deal was finalized, so he received approximately 1 million shares.
The current stock price of Apple is just over $200 per share. Given that Dre is assumed to have held on to all 1 million shares, the value of his Apple stock alone has increased to $200 million (before taxes).
Dre had a son with his then-girlfriend, Cassandra Joy Greene, a 15-year-old girl, in 1981 when Dre was 16 years old. Curtis Jr., their son, is a rapper who goes by the stage name Hood Surgeon.
As far as we know, he did not meet his father until he was well into his twenties. Dre had another daughter, La Tanya Danielle Young, in 1983.
Andre Young Jr. was born to Dre and his then-girlfriend Jenita Porter in 1988. Andre’s tragic death from a drug overdose occurred in August of 2008.
Dre’s son with singer Michelle was born in 1990, and they named him Marcel. Married since 1996, Dre and Nicole Young are now slated to divorce in 2020. They’re the proud parents of a son named Truice and a daughter named Truly.
She filed for divorce in June of 2020, and it was reported that they did not have a prenuptial agreement, so she may be entitled to a sizeable portion of his fortune.
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