(NNPA)—Whenever someone is the first to reach an historic milestone in the world of finance and wealth, notable homage is usually paid to that achievement. Such is the case with Dr. Dre, hip-hop icon and entertainment industry mogul. Dr. Dre has now emerged as the first hip-hop billionaire. Apple recently announced that it is in the process of buying Beats Electronics, a headphone company owned by Dr. Dre, for $3.2 billion. According to Forbes, this acquisition by Apple is the largest buy in the company’s history.
Andre “Dr. Dre” Romelle Young was born in 1965 in the heart of Compton, California. Today, at the age of 49, Dr. Dre is one of the wealthiest entrepreneurs in the African American community. As a strong innovator, creator, music producer and hip-hop cultural genius, Dr. Dre is well known for being both a hard and smart worker. Yet, Dr. Dre represents an evolving new generation of hip-hop wealth-builders and business leaders.
Too often music producers and others in the entertainment industry, and in particular within hip-hop, are respected solely for their creativity or performance qualities. But Dr. Dre, Jay Z, Sean P. Diddy Combs, 50 cents, Queen Latifa, Russell Simmons and others who have been molded inside the crucible of urban hip-hop across America are becoming increasingly viewed as effective business leaders. This generation of hip-hop millionaires and billionaires will have the opportunity to help strengthen the economic status of African Americans and others who have been kept away from the center of wealth in the United States.
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