Last Updated on June 15, 2020
Who Is Dr. Dre?
Unless you’ve been living at the bottom of a rock, you must have already heard about Andre Romelle Young, popularly known as Dr. Dre. Dr. Dre is an American rapper, record producer, record executive, songwriter, audio engineer, and actor. With so many titles to his name, it’s clear to see why Dr. Dre is idolized by millions of music fans around the world.
Indeed, Dr. Dre is unarguably one of the most influential rappers and hop-hop artists in the world, with a presence in the music industry spanning more than three decades. The rapper was born on February 18, 1965 in Compton, California, to Theodore Young and Verna Young.
Besides his illustrious career in rapping and hip-hop, Dr. Dre is also an astute businessman. Most of his investments are in the entertainment industry. In 2014, Dr. Dre vowed that he would be the world’s first billionaire rapper. Has he come any close to crossing the billion-dollar mark? We’ll see about that later on, but first things first.
|Full Name:||Andre Romelle Young|
|Popular Name:||Denzel Washington|
|Birth Date:||February 18, 1965|
|Parents:||Theodore Young and Verna Young|
|Siblings:||Jerome Crayon and Tyree Crayon (Half-brothers), Warren G (Step-brother), and Shameka Crayon (Half-sister)|
|Birth Place:||Compton, California|
|Education:||Vanguard Junior High School, Roosevelt Junior High School, Centennial High School, Fremont High School, and Northrop Aviation Company|
|Children:||Curtis Young, La Tanya Young, Andre Young Jr., Marcel Young, and Tyra Young (From previous relationships), Truice Young and Truly Young (With current wife), and Tyler Young (Adopted)|
|Net Worth:||820 million (as of May 1st, 2020)|
|Source of Wealth:||Rapping, Hip-hop Production, Acting, Endorsement Deals, and Personal Investments|
|Height:||6′ 1″ (1.85 m)|
|Weight:||174 lbs (79 kg)|
Early Life and Career Information
Dr. Dre kicked off his career in music in 1985, as a member of the group World Class Wreckin’ Cru. However, his star began to rise when he joined the influential rap group N.W.A. The group was known for its popularization of explicit lyrics that portrayed street violence.
Dr. Dre played a crucial role in popularizing the West Coast G-funk, which is a hip-hop subgenre that’s characterized by slow and heavy beats.
The following are some of Dr. Dre’s most successful songs.
• NWA – Express Yourself (1988)
• The DOC – Beautiful But Deadly (1989)
• NWA – Real Niggaz Don’t Die (1991)
• Dr Dre ft Snoop Doggy Dogg – Deep Cover (1992)
• Dr Dre – Lil’ Ghetto Boy (1992)
• Dr Dre – Nuthin But a G Thang (1992)
• Dr Dre – Forgot About Dre (1999)
• Dr Dre – Still DRE (1999)
• Dr Dre – Talking to My Diary (2015)
Dr. Dre’s Net Worth
As of May 1st, 2020, Dr. Dre had an estimated net worth of $820 million. Dre has made much of his money through his long and successful career as a musician, record producer, songwriter, actor, and investor. The accomplished singer has also entered into some lucrative endorsement contracts.
In 2006, Dr. Dre launched Beats Electronics and in July 2008, he went ahead to release Beats by Dr. Dre. Beats by Dr. Dre is a headphones brand whose products have since been endorsed by numerous celebrities all over the world.
The line comprised a circumaural headphone known as Beats Studio, an in-ear headphone known as Beats Tour, and another in-ear headphone known as Heartbets by Lady Gaga. Other products by the headphones line included a supra-aural headphone called Beats Solo & Solo HD, Beats Spin, and Diddy Beats.
On October 9, 2009, Beats by Dr. Dre entered an endorsement deal with Hewlett-Packard. In this contract, Beats by Dr. Dre products would be bundled with certain HM laptops and headsets. The deal gave rise to a couple of exclusive products, including a limited edition HP ENVY 15 Beats laptop.
In May 2014, Apple acquired Beats Electronics at a cost of $3 billion. At the time of the contract, Dr. Dre enjoyed a 25% stake in the company, which worked out as $750 million in pre-tax profits.
The deal was Apple’s biggest purchase so far, and Dr. Dre’s most lucrative contract in his entire career. It propelled him to the position of the richest man in hip-hop, a position that was until then held by Diddy.
But Dr. Dre didn’t stop there. He went ahead to release the Straight Outta Compton movie, a film that chronicles his rise to stardom as a member of the rap group N.W.A.
The movie registered a runaway success, grossing $201 million worldwide. It’s unclear what Dr. Dre earned from this film though, but it’s safe to imagine he took home the lion’s share of the net revenue.
As an investor, Dr. Dre has an avid interest in real estate. In 2014, he purchased a 4-acre estate in Brentwood worth $40 million. And in 2015, the rapper sold his 9,696 sq. ft. Hollywood Hills home at a cost of $32 million. He had purchased the home in 2011 at $15.4 million, which implies that he earned more than double in pre-tax profits.
Reports also indicate that Dr. Dre owns an 8,842 sq. ft. beachfront property in Malibu valued at $4.8 million, as well as a 13,748 sq. ft. home in Woodland Hills valued at $2.4 million.
Life Lessons from Dr. Dre
1. Dr. Dre adds new meaning to the saying “Never give up.” Dre frequently changed schools on account of his poor grades. But he never gave up. Though he was academically challenged, he knew he would excel in other areas.
2. Another lesson we can learn from Dr. Dre is to never busk in the glory of your achievements. Dre is one of the few musicians with a career spanning over three decades. His relentless quest for greatness is one of the primary reasons behind his success (and incredible wealth).
3. Lastly, Dre teaches us about the importance of lifting others up. The rapper has launched some of the biggest names in hip-hop, including the late 2 Pac Shakur, Snoop Dogg, 50 Cent, etc. He is proof that we can only achieve true happiness if we use our power, influence, and riches to inspire others.
The following are some notable quotes by Dr. Dre:
“No matter how hard you work to bring yourself up, there’s someone out there working just as hard, to put you down.”
“Even when I was close to defeat I rose to my feet.”
“It ain’t that I’m too big to listen to the rumors, It’s just that I’m too damn big to pay attention to ’em.”
“Those who are quiet will always cause riots.”
“Don’t be worried about the next man – make sure your business tight.”
“Try to be the king, but the ace is back.”
“When the ideas are coming, I don’t stop until the ideas stop because that train doesn’t come along all the time.”
Andre Romelle Young may not already be a dollar billionaire. But his net worth indicates that he’s only a little shy of the 1 billion mark. One sensational rap song or a mega endorsement deal might be all he needs to fulfill his promise of being the first musician to achieve a net worth of $1 billion.