It may not be surprising to learn that Dre has a staggering net worth. After all, he’s been making headlines and spending it on the things that matter. In 2014, Dre paid $40 million for the former home of Tom Brady and Gisele Bundchen in Brentwood, California. In 2013, He and Iovine donated $70 million to the University of Southern California. Read on to find out what we can expect from this hip hop legend.
Dre’s real estate portfolio
Despite a relatively low salary and lavish taste, Dr. Dre’s real estate portfolio and net worth remain impressive. In 2014, he purchased a four-acre estate in Brentwood, Calif., after selling Beats to Apple. At the time, it was worth approximately $32 million. In 2011, Dre and his wife, Nicole Young, sold their Hollywood Hills home for $15.4 million. Similarly, Dre’s Woodland Hills home sold for $270 million and Malibu property for $4.8 million.
Aside from his Malibu mansion, Dr. Dre also owns a $2.25 million mansion in the Californian city of Calabasas. He also bought a $4.9 million home in Pacific Palisades, which was subsequently sold to another music executive. His entire real estate portfolio is estimated to be worth at least $80 million, according to a Forbes magazine article.
His record-producing career
Dr. Dre’s record-producing career has spanned two decades and encompassed numerous genres. He helped launch the careers of numerous hip-hop and rap artists, including Eminem. He was also involved in the recording of Michel’le’s debut album and the production of much of N.W.A.’s material. As a record producer, Dre’s achievements are numerous.
In 1982, Dre joined the group World Class Wreckin’ Cru, which included Yella, a DJ and manager of Eve After Dark. In 1984, Dre and Yella released a single called “Surgery,” which sold over 50,000 copies. In the same year, Dre graduated from Centennial High School in Compton. He later turned down an aerospace job with Northrop Aircraft in order to pursue a record-producing career.
His acting career
Known for his work as a producer and rapper, Dr. Dre also made an acting debut in the 1996 movie Set It Off. After that, he appeared in several films including Training Day and The Wash. His acting resume includes two films in which he appears with Snoop Dogg, whose character is named “The Wash”.
As a child, Dr. Dre grew up in Compton, California, where he was raised by his mother. After high school, he lived at Wilmington Arms, a housing project for gang members. He showed talent in drawing and drafting, but did not study other courses. Eventually, he moved to Fremont High School and then Chester Adult School. During his teenage years, Dr. Dre began his rapping career, and eventually converted his family’s home into a recording studio. During high school, he spent hours recording music and creating his own sound.
His real estate ventures
In the early 2000s, rap mogul Dr. Dre was one of the most prolific real estate investors, spending more than $40 million in one year on real estate in Brentwood, California. The purchase of this property came as Apple purchased his Beats company for $3 billion. He has since sold his share of the company to Apple, and has also invested in Malibu real estate and equestrian property in Hidden Hills.
The rapper’s Los Angeles mansion is a lavish mansion that includes a 250-gallon fish tank and a “red room” that serves as his movie theater. In addition to his Brentwood property, Dre owns other real estate properties throughout Los Angeles County. For example, he purchased a $40 million Brentwood compound from Tom Brady in 1999, and in 2014 he purchased a $4.9 million Calabasas estate from Gisele Bundchen for the same amount.
His divorce from his ex-wife
After the divorce, the Compton rapper will pay his ex-wife Young $100 million to pay off her debts. The couple has two children together and a massive real estate portfolio that includes eight homes. He will keep his Malibu mansion and two Calabasas homes. However, his ex-wife is expected to pay her own legal fees. Young is also unlikely to make a comeback at the Super Bowl halftime show.
According to media reports, the rapper is worth an estimated $820 million. Nicole Young, the former Beats by Dre exec, and Dre are expected to settle the divorce by splitting their assets. Young will receive the first $50 million right now, while Dre will pay the rest half a year later. The split has made Dre net worth $820 million, and she will keep the Beats by Dre money and real estate. Nicole Young, on the other hand, will receive four vehicles, clothing, jewelry, furs, and other belongings.