Why Jimmy Iovine And Dr. Dre Aren’t Billionaires Just Yet
see photosClick for full photo gallery: The Forbes Five: Hip-Hop's Wealthiest Artists 2014
Earlier this month, word leaked that Apple was on the verge of acquiring Beats for $3.2 billion dollars–making the latter’s wealthy cofounders, Dr. Dre and Jimmy Iovine, even wealthier.
The news led some outlets to speculate that both men would become billionaires immediately upon its consummation. But in our June 16th issue, we pegged Iovine’s net worth at $970 million, about $170 million ahead of Dr. Dr...
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Zack O'Malley Greenburg—a Jay-Z biographer and former Forbes editor—writes on the intersection of music, media and money.
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