Dr Dre Net Worth 2022 and how he made his millions

Full nameAndre Romelle Young
BirthdayFebruary 18, 1965
Age57
Dr Dre net worth$820 million
Source of wealthMusic, Beats Electronics, record production
Marital statusDivorced
EducationHigh School
ResidenceLos Angeles, California
NicknamesThe Mechanic, Brickhard

Dr Dre born Andre Romelle Young is an American rapper and record producer with an estimated net worth of $820 million. He’s considered one of the world’s richest rappers alongside the likes of Jay-Z, Kanye West, and Sean Combs. Dre is the founder and CEO of the record label Aftermath Entertainment as well as Beats Electronics, a line of headphones.

Young began his musical career in 1985. After being a rapper for more than a decade he decided to concentrate on producing music for other artists through his record label. He helped launch the careers of prominent rappers like Eminem and Snoop Dogg. In 2014 Dr Dre net worth received a major boost after selling his brand of headphones, Beats Electronics to Apple for $3 billion.

So how did Dr. Dre start and how does he make and spend his millions?

Early life and education

Andre was born in Compton, California on February 18, 1965, to Verna and Theodore Young. He attended Vanguard and Roosevelt junior high schools in Compton and in 1979, he joined Centennial High School. Dre was not a very good performer in class.

He often missed school and was at one time denied a spot in an apprenticeship program at Northrop Aviation Company due to poor grades. He attended Chester Adult School in Compton after completing high school.

Career beginnings

It all began at Eve After Dark, the club where Andre went to see rappers and DJs perform. Dre would later become a DJ at the club and meet Antoine Carraby with whom he would record rap demos in a small studio in the backroom of the club.

Dr. Dre then joined World Class Wreckin’ Cru, a Los Angeles-based musical group in 1985. At the same time, he was a DJ for a local radio station called KDAY. In 1986, he joined another group called N.W.A. which had other artists such as Ice Cube. N.W.A was signed to EAZY-E’s Ruthless Records. Its first album, Straight Outta Compton was a major success.

Dr. Dre left N.W.A. in 1991 and founded the record label Death Row Records together with Suge Knight, Dick Griffey, and The D.O.C. He released his first solo album The Chronic in 1992 under Death Row Records which became certified triple platinum by the RIAA in 1993. He also earned his first Grammy for the Best Rap Solo Performance for one of the album’s songs “Let Me Ride”. The album also went on to become the sixth-best selling album of 1993.

Aftermath Entertainment

Apart from working on his own music, Dre also produced material for other artists such as Snoop Dogg’s debut album Doggystyle. In March 1996, Romelle left Death Row Records and started his own label, Aftermath Entertainment. The same year, the rapper together with other newly signed Aftermath Entertainment artists, released the album Dr. Dre Presents the Aftermath Entertainment.

In 1998 Aftermath Entertainment signed Eminem and produced his debut album The Slim Shady LP in 1999. The same year, Dre released his second solo studio album The Chronic 2001 which featured famous hits like “Forgot About Dre”. The album became a major success charting at number two on the Billboard 200 chart. In 2000 the rapper won the Grammy Award for Producer of the Year, Non-Classical.

After the success of his second solo album, Young decided to focus on producing for other artists. He produced six songs for Eminem’s third studio album, Marshall Mathers LP and was the executive producer for his 2002 fourth studio album, The Eminem Show. In 2003 he produced 50 Cent’s debut album Get Rich or Die Tryin’. In 2005 he produced all the songs on 50 Cent’s second album The Massacre. Dre also produced tracks for Raekwon’s fourth studio album Only Built 4 Cuban Linx II as well as Kingdom Come by Jay-Z and Buck the World by Young Buck.

In November 2011, Dr. Dre announced that he would take a break from music citing that he wanted to spend more time with his family and work on his Beats by Dre brand. On 1 August 2015, the producer announced that he would release his third and final album. The album titled Compton was released six days later.

Related: Jay-Z’s net worth

How Dr. Dre made his fortune

Dr. Dre has made his fortune from his music, his record label Aftermath Entertainment as well as selling his headphone company to Apple. According to Celebrity Net Worth, the rapper earned a total of $992.5 million between 2007 and 2018. This included the many millions he pocketed in 2014 after the deal with Apple. He made an estimated $110 million in 2012 and was the highest-paid music artist that year.

Beats Electronics

In 2019 Forbes named Dr. Dre the world’s second-richest rapper and one of Hip-Hop’s next billionaires — with a net worth of $800 million. Dr. Dre who had a net worth of about $250 million in 2011 and $270 million in 2012 — pocketed more than $500 million from the sale of Beats Electronics to Apple in 2014 for $3 billion — giving a huge boost to his fortune. This became the most expensive acquisition in Apple’s history. Consequently, Dre earned the Guinness World Records title for the highest annual earnings ever for a musician.

The rapper founded the line of headphones in 2008 alongside Jimmy Iovine, the cofounder of Interscope. Young owned about 25% of Beats Electronics. In 2018 the rapper was also included in the list of the world’s highest-paid celebrities by Forbes.

Record production

Dre is the CEO and owner of Aftermath Entertainment, a record label that has produced music for artists such as Eminem, Kendrick Lamar, 50 Cent, Truth Hurts, and Silk Sonic, among others. He founded the label in 1996 after leaving Death Row Records.

According to heavy.com, the rapper sold a minority stake of the record label to Interscope Records for $52 million in 2001. Dre produced six songs on Eminem’s first studio album, Marshall Mathers LP — which became the fastest-selling solo rap album having sold 1.76 million copies in its first week. According to The Richest, artists pay Dr. Dre anywhere from $250,000 for each track he produces for them.

Several sources also report that Dre owns about $200 million worth of Apple stock, which was part of the 2014 deal with Apple.

Related: Eminem’s net worth

How does Dr. Dre spend his millions?

In 2014 Dr. Dre bought Tom Brady’s mansion in Brentwood, Los Angeles for $40 million. The property, which sits on four acres of land features more than 18,000 square feet of living space, five bedrooms, nine bathrooms, seven fireplaces, a home sauna, a wine cellar, a media room, a six-car garage, and a library among other amenities.

dr-dre-brentwood-mansion
Dr Dre’s $40 million in Brentwood, Los Angeles, CA which he acquired back in 2014 for $40 million. The property belonged to NFL player Tom Brady

In 1999 the record producer dropped $2.35 million on an 8-bedroom property in Woodland Hills, Los Angeles. The 16,000-square-foot home features 13 bathrooms, a home gym, a wine cellar, a huge fish tank, a library, and a pool. The property, which he called home for 20 years was sold for $4.5 million.

In 2019 Dre bought another mansion in Pacific Palisades, Los Angeles. The property, which he paid $2.25 million for, features 3,100 square feet of living space, four bedrooms, a balcony with sliding glass doors, four bathrooms, two fire pits, and other facilities. The rapper also owns a $12.5 million 8,800 square foot beachfront mansion in Carbon Beach, Malibu.

Dr. Dre’s car collection is impressive. He owns a $450,000 Rolls Royce Phantom Drophead Coupe, a $200,000 Bentley Continental GT Coupe, a $200,000 custom Cadillac Escalade, and a $68,000 Hummer H2. According to The Richest, he also has several Ferraris and Porches.

In 2013, together with Interscope’s Jimmy Iovine, Dre donated $70 million to the University of Southern California for the creation of the USC Jimmy Iovine and Andre Young Academy for Arts, Technology, and Business of Innovation. In 2017 he gave $10 million to Compton High School for the development of a performing arts center.

Related: Kanye West net worth

Achievements

Dr. Dre has had many achievements in his career which dates back to 1985. He has a total of six Grammy Awards. In 1996 he won the Best Rap Solo Performance Grammy Award for his track “Let Me Ride”.

In 2001 he earned his second Grammy for the Best Rap Performance by a Duo or Group for his “Forgot About Dre” featuring Eminem. He won the Grammy Award for Producer of the Year, Non-Classical in 2002. Dre has also won two MTV Video Music Awards and one BET Hip Hop Award.

Personal life

Dr. Dre is a father of eight. He had his first son — Curtis in 1981 when he was 16 — with his then-lover Cassandra Greene. He has three daughters with Lisa Johnson and a son with R&B singer Michel’le whom he dated from 1987 to 1996. In 1996 Dre got married to Nicole Threatt. The two have two children, a son named Truice (born 1997) and a daughter called Truly (born 2001). He also had another son who died in 2008 from a drug overdose.

In 2020 Nicole, 52, filed for divorce citing abuse claims from the rapper. Sky News reports that she’s set to receive a total of $100 million in divorce settlement after the divorce was finalized late last year.

dr-dre-with-exwife-nicole-threatt
Dr Dre with now ex-wife Nicole Threatt. The two got married in 1996, have two children and divorced in 2021.

Controversies

Dr. Dre is no stranger to controversies. The rapper has been accused severally of violence against women. In 1991, tv host Dee Barnes filed a lawsuit against Dre after he allegedly assaulted her at a music industry party. The rapper was fined $2,500, given two-year probation, and was directed to go through 240 hours of community service.

In 2015, Singer Michel’le who Dre dated from 1987 to 1996 accused him of domestic violence when they were a couple. In 2020, Dr. Dre’s wife of 24 years, Nicole filed for divorce accusing the rapper of abuse that left her with “post-traumatic stress syndrome”.

On January 10, 1994, the rapper was arrested after leading police officers on a 140 kph pursuit through Beverly Hills in his Ferrari. His blood alcohol was twice the legal limit. In September of the same year, he was sentenced to 8 months in prison for violating the terms of parole after his 1992 conviction of battery of a police officer.

Conclusion

Dr. Dre is one of the world’s richest rappers with a net worth of about $820 million. Dre, who claims to be a billionaire made most of his fortune in 2014 after the sale of Beats Electronics to Apple for $3 billion. The rapper also has made millions as a record producer through his record label Aftermath Entertainment. Finally, below are some quotes by Dr. Dre which I think could inspire you.

  • “You just have to find that thing that’s special about you that distinguishes you from all the others, and through true talent, hard work, and passion, anything can happen.”
  • “When the ideas are coming, I don’t stop until the ideas stop because that train doesn’t come along all the time.”
  • “I’ve gone seventy-nine hours without sleep, creating. When that flow is going, it’s almost like a high. You don’t want it to stop. You don’t want to go to sleep for fear of missing something.”
  • “I work hard making music – that’s how I earn a living.”
  • “You got to realize that when I was 20 years old, I had a house, a Mercedes, a Corvette, and a million dollars in the bank before I could buy alcohol legally.”

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