How Dr. Dre Built His $830 Million Empire By His 52nd Birthday
Hip-hop king and business mogul Dr. Dre turns 52 years old on Feb. 18., and he certainly has a lot of success to celebrate. In fact, his hometown of Compton, Calif., has declared June 19 “Dre Day” and has an annual celebration to honor its wealthiest alum.
Dr. Dre is among the richest celebrities who grew up poor. He knew the value of hard work and dedication from a young age, though. See how this music mogul amassed his vast empire over the last four decades.
Dr. Dre Net Worth: $830 Million
Dr. Dre’s net worth is $830 million, according to Celebrity Net Worth. Forbes named him the second wealthiest hip-hop artist in both 2015 and 2016, proving the rapper is just as savvy in the board room as the recording studio.
In 2014, The Doc made history by selling selling Beats Electronics to Apple — the largest single-year payday for any musician ever. At the time of the sale, Dre owned 25 percent of Beats, which translated into a profit of about $750 million for the rapper before taxes, according to Forbes.
He followed that payday up with the smash success of the N.W.A. co-founder’s biopic “Straight Outta Compton” in 2015.
Dr. Dre and ‘Straight Outta Compton’ Movie
Dr. Dre’s rise to fame in the rap group N.W.A. was chronicled in the 2015 “Straight Outta Compton” movie. The runaway hit had a production budget of $28 million, but earned $60.2 million at the box office during its debut weekend and amassed a total of $201 million worldwide, according to Box Office Mojo.
It’s unclear how much Dre earned from the film, but he released “Compton” — his first album in 16 years — days before the film hit theaters, and the well-timed move boosted U.S. sales to 295,000 units in its first week.
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Dr. Dre’s Earnings From Beats, Aftermath Entertainment and More
Dr. Dre co-founded Death Row Records with Marian “Suge” Knight in 1991. After N.W.A. disbanded in 1992, he helped launch some of the biggest names in rap, including Snoop Dogg, Tupac Shakur, and his own solo career.
While under the label, he released his debut solo album “The Chronic,” which sold 5.7 million copies in the U.S. and spent 28 consecutive weeks on the Billboard Top 10 chart in 1993. In July 2015, the album sold 8,000 copies and claimed the No. 72 spot on the list after more than 20 years off the chart.
In 1996, Dre left Death Row Records and founded Aftermath Entertainment. The record company has launched a number of A-list rappers and renowned albums, including Eminem’s “The Slim Shady LP,” Dr. Dre’s “2001,” 50 Cent’s “Get Rich or Die Tryin'” and The Game’s “The Documentary.” Dr. Dre and Eminem are still signed to the label, as well as newer artists Kendrick Lamar and Jon Connor.
After 20 years in the recording industry, Dre co-founded Beats by Dr. Dre — an audio brand that sells premium headphones, earphones and speakers — with Jimmy Iovine in 2006. The wildly successful company was acquired by Apple in 2014 for $3 billion in cash and stock options. The Apple-Beats deal earned Dr. Dre a whopping $500 million after taxes, which effectively catapulted him to near billionaire status. As part of the deal, Dr. Dre and Iovine now hold executive roles at Apple.
Dr. Dre Awards
Dr. Dre songs like “Nuthin’ But a ‘G’ Thang,” “I Need a Doctor” and “Dre Day” have become synonymous with hip hop. Consequently, many honors have been bestowed upon Dr. Dre. from The Recording Academy — the governing body behind the Grammy Awards.
To date, the rapper has been nominated for 24 Grammys, taking home six of the coveted trophies. His first win was in 1993 for Best Solo Rap Performance for “Let Me Ride.”
Dr. Dre Real Estate
Dr. Dre’s $830 million net worth is apparent by his lavish taste in real estate. In 2014 — shortly after he sold Beats to Apple — he dropped $40 million on a nearly four acre estate previously owned by Tom Brady and Gisele Bundchen in the swanky Brentwood, Calif., neighborhood of Los Angeles.
One year later, the rapper and his wife Nicole Threatt sold their 9,696 sq. ft. Hollywood Hills home for $32 million, which was nearly double the $15.4 million they paid in 2011. He also reportedly owns a $4.8 million 8,842 sq. ft. beachfront property in Malibu and a $2.4 million 13,748 sq. ft. home in Woodland Hills.