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News: Dr. Dre will Become Hip Hop’s First Billionaire

Dr. Dre Jimmy Iovine

Dr. Dre and his Beats By Dre imprint have taken over the music industry. If you don’t have a pair of Beats By Dre headphones chances are you either have the Beats Pill or your using the Beats Music Streaming service. Regardless, Dre is still getting to the money.

In a few days it will be officially announce that Apple will takeover the Beats electronic company in a $3.2 billion deal. Apple will control the sale of the headphones, pill and the streaming service with the help of Jimmy Iovine. Jimmy, who launched Beats by Dre with Dr. Dre will leave his position at Universal after over two decades, to work with Apple creatively to revamp and run their whole music department. Congrats to Dr. Dre and check out the video below featuring singer Tyrese.