Dr. Dre in Santa Monica, California. An exclusive laptop, known as the HP ENVY 15 Beats limited edition, was released for sale October 22. In May 2014, technology giant Apple purchased the Beats brand for $3 billion, Apple's most expensive purchase by far. The deal made Dr. Dre the "richest man in hip hop", surpassing Diddy. During May 2013, Dr. Dre and Jimmy Iovine donated a $70 million endowment to the University of Southern California to create the USC Jimmy Iovine and Andre Young Academy for Arts, Technology and the Business of Innovation. The goal of the Academy has been stated as
Dr. Dre such hit songs that year as "Family Affair" by Mary J. Blige. "Rolling Stone" magazine thus named him the second highest-paid artist of the year. Dr. Dre was ranked 44th in 2004 from earnings of $11.4 million, primarily from production royalties from such projects as albums from G-Unit and D12 and the single "Rich Girl" by singer Gwen Stefani and rapper Eve. Forbes estimated his net worth at US$270 million in 2012. The same publication later reported that he acquired US$110 million via his various endeavors in 2012, making him the highest–paid artist of the year. Income from the 2014