The Forbes Five: Hip-Hop's Wealthiest Artists 2014

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Photo of Hip-Hop's Wealthiest Artists 2014




Andre “Dr. Dre” Young is a member of this year’s Forbes Five–a list of the wealthiest hip-hop acts that appeared in the May 5th, 2014 issue of FORBES magazine. Though they’ve all had successful careers in music, it’s their outside business ventures that were most instrumental in creating their fortunes.

Name:
Andre “Dr. Dre” Young

Age:
49

Estimated Net Worth:
$550 million

Source:
Music, Technology

Summary:
The California-bred superproducer leapfrogs Jay Z on this year’s list, fueled by the runaway success of Beats by Dr. Dre headphones, which he cofounded with record executive Jimmy Iovine in 2008. With a whopping 65% market share of the premium headphone market and a recent $500 million infusion from Carlyle Group, the company’s value is soaring toward $2 billion–and could one day make Dr. Dre hip-hop’s first billionaire.

Location: United Kingdom

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