We knew Dr. Dre was rich, but NeNe Leakes rich??!
The rapper/producer/entrepreneur will end the year — which included him bringing Tupac back to digital life at Coachella — at the top of Forbes’ annual list of highest-paid musicians! Forbes reports Dre collected $110 million during the scoring period that ran from May 2011 to May 2012, beating Taylor Swift, Justin Bieber, Kanye West and Paul McCartney.
Where did he get all extra this money from?
Most of the mogul’s cash came from his Beats product line, which includes a robust catalog of headphones, earphones, boomboxes and accessories. Beats accounted for 53% of 2011′s $1-billion headphone market, according to market research company NPD Group, a surprising figure given the recent explosion of celeb-fronted headphones from Quincy Jones, RZA, Snoop Dogg, Jay-Z and 50 Cent.
Dre earned $100 million when HTC, a Taiwanese manufacturer of smartphones and tablets, purchased a 51% stake in the company last year, according to Forbes. The company later sold half of its share back to Beats, and they have exclusive rights to use Beats Audio technology in its mobile devices.
Dre and Beats co-founder Jimmy Iovine have continued to expand the company’s brand elsewhere, placing the technology in Hewlett-Packard PCs and laptops as well as a line of Chryslers with a Beats audio system.
Now maybe he can sit at the same table with RHOA’s NeNe Leakes?