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AFRICANGLOBE - Master P pulled himself out of one of the roughest and poorest neighborhoods in New Orleans by launching a hugely successful business empire that earned him hundreds of millions of dollars. And it all started with a $10,000 life insurance settlement check.
AFRICANGLOBE - Dr. Dre says he will donate royalties from his new album to the city of Compton for a new performing arts facility.
AFRICANGLOBE - Having dominated Forbes Hip-Hop Cash Kings list a few months back, Dr Dre has gone on to top the magazine’s 2014 World’s Highest-Paid Musicians list, effortlessly beating out second-placed Beyonce by about half a billion dollars.
AFRICANGLOBE - With $620m in estimated pre-tax earnings, veteran rapper and record producer Dr Dre topped Forbes list as the highest paid hip-hop artist, ousting Sean “Diddy” Combs from the top spot.
AFRICANGLOBE - While James was leading the Heat to a victory over the Indiana Pacers in the Eastern Conference finals, sources say the 29-year-old was finalizing what is believed to be the biggest equity cash payout for a professional athlete in history as part of Apple’s recent $3 billion purchase of Beats Electronics.
AFRICANGLOBE - After weeks of rumor, Apple finally announced it has acquired headphone maker Beats Electronic for $3 billion, including $2.6 billion cash up front and approximately $400 million in stock that will vest over time. As part of the deal, Beats co-founders Dr. Dre and Jimmy Iovine will join Apple in undisclosed roles.
AFRICANGLOBE - Apple is in discussions to buy Beats Electronics, the company behind the popular Beats by Dr. Dre headphones, for $3.2 billion, according to people briefed on the talks, in what would be the biggest acquisition in Apple’s history.
AFRICANGLOBE - Super-producer Dr. Dre (born Andre Young) and influential music executive Jimmy Iovine are using parts of their substantial fortunes to help cultivate the next generation of music business moguls.