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Dr Dre 'confirms Apple has bought Beats'. Rapper Dr Dre seems to confirm Apple deal to buy Beats in an online video. Dr Dre appears to have confirmed in a video that his headphone maker Beats Electronics has been acquired by Apple in a $3.2bn deal. In the video featuring the rapper and musician Tyrese Gibson they refer to the Billionare boys club and how the Forbes list just changed.
Forbes estimates that Dr. Dre owns somewhere around 20% to 25% of Beats' shares and pegs the headphone-maker's value at $2 billion. This means that a sale of $3.2 billion would double the rapper's stake and increase his net worth to $800 million after capital gains taxes. It is $200 million short of Dr. Dre's claim to billionaire status, but the acquisition of Beats will make him hip-hop's richest man.