Dr. Dre and Jimmy Iovine have reportedly sold their Beats headphone company to Apple for $3.2 billion. Dre confirmed the news that he is set to be Hip Hop’s first billionaire while in the studio with Tyrese in the video below.
UPDATE: The rumors were true to some extent. Beats By Dr. Dre was sold to Apple. But not for $3.2 Billion. Beats Electronics was sold to Apple for $3 Billion, and Dr. Dre‘s cut is currently unknown. He may or may not be the first billionaire in Hip Hop, but he’s definitely on the way regardless.