While Kanye West Goes Missing after Losing a Billion Dollars, Dr. Dre Inks Insane $200M Deal To Become Hollywood’s One True Music Mogul
Recently, it has come to light that Dr. Dre might strike a music deal worth over 200 million dollars. And it includes selling off his artist or producer royalties for some of his solo albums. Reportedly there are two separate deals, one with Shamrock Deal and the other with Universal Music Group. The transaction of the license would not affect his overall net worth. As the royalties were just one of his passive income sources. It would only make him 200 million dollars richer after the deal is confirmed. This is opposite to Kanye West (another big name in the music industry) who lost more than a billion dollars of fortune. The Heartless rapper is no longer a “billionaire” on the Forbes list as of 2022.
Dr. Dre’s Huge Music Deal
Apparently, Dr. Dre is gearing up for an enormous music deal that could be worth more than 200 million dollars. According to Billboard, he is going to possibly make two separate deals. One is going to be with the Shemrock Deal where apparently he will sell the artist royalties of two of his solo albums. The deal also includes N.W.A artist royalties and producer royalties. And the other one is reported to be with the Universal Music Group. In this deal, he will be selling the “master recording” of his first solo album The Chronicle plus his share of some Kendrick Lamar music.
Obviously, he is not selling all of his music as according to Billboard the assets he included in his deal come under “passive income”. The royalties are reported to make around 10 million a year for Dre. It sounds like a huge deal but it is hardly going to affect the rapper’s overall fortune. Plus he will be 200 million dollars richer by the time he strikes the deal. As for the selling of “royalties, in the current market scenario, they are highly attractive assets. As it has high-income potential and is taxed less. This makes it a very attractive option for investors. The whole deal might possibly turn the Still D.R.E rapper into one of the biggest music moguls. This comes amid the news of fellow rapper Kanye West or Ye’s disappearance after his more than a billion-dollar loss.
How Did Kanye West Lose Billion Dollars?
Although Kanye West has been notorious for his insensitive and tone-deaf comments for a very long time, his anti-Semitic tweet got him into very hot waters. The hate speech against the Jewish community forced many fellow celebrities and other business partners to cut ties with the rapper. Most of his big corporate partners such as GAP, Balenciaga, and Adidas decided to quit their relationship with Ye following the tweet.
He faced a huge loss afterwards in his net worth. According to Forbes, West’s net worth went down severely from more than 2 billion to only 400 million dollars. And therefore he also got removed from the publication’s list of billionaires. Out of all the partnerships, his deal with Adidas had been the biggest one amounting to 246 million dollars. However, apparently, the rapper has shared that he is still a billionaire as his net worth before the loss had been around 7 billion dollars actually. But it is not certain or has been confirmed by any authentic body.
Also Read: Why is Kanye West Missing?
Source: TMZ
