r. Dre is by
far one of the driving forces in the world of Hip Hop music, he built an empire
that has just recently grew by a wide margin. Being ranked the second wealthiest
figure on the American Hip Hip scene by Forbes this year with an astounding
US$550MM estimated net worth.
This is someone that grew up on the streets of Compton,
California , where gang violence was the norm. He linked up Ice Cube, Eazy-E, MC
Ren and DJ Yella to form the very influential rap group N.W.A., from there on
history was being made. He grew from being a performer to producing artist, some
names include Snoop Dogg, Eminem, Xzibit, 50 Cent, The Game and others.
Dre has always believed in that entrepreneurial spirit and
that did shine through as he embarked on various ventures, one being Beats
Electronics. Many thought that it was just another artist endorsing a product
until they began to realize that he and his partner Jimmy Lovine had a vision,
one that would make them Hip Hops first Billionaires.
Beats was more than high end headphones it was an entire
system that included a streaming service. According to reports when they
developed the service they always looked at Apple as a benchmark, well they
reached the pinnacle of their project when Apple acquired Beats Electronics this
year for over US$3 billion.
Now Dr. Dre is by far the wealthiest person in Hip Hop but
some made reference to him being the first African-American billionaire and that
is false. The first African-American billionaire would be the founder of BET
Networks Robert Johnson, he sold BET to Viacom well over a decade ago for US$3
So what does this mean for the world of HipHop?
Well it is another sign to the youth that no matter what your
circumstances, no matter how much adversity you may face that if you dream it
you can live it. Dr. Dre is living the dream and is continuing to create and add
value to the world of music and beyond.
Look for more chapters to the Dr. Dre story as Dr. Dre and
Lovine embark on many more business ventures and kick off their careers at