But a spokesperson for Forbes magazine reportedly tells TMZ that figure won’t necessarily translate to billionaire status for the music producer.
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Forbes Assistant Managing Editor for Wealth told the website after state and federal taxes are taken into consideration, Dre will be worth approximately $800 million, leaving him just shy of the financial milestone.
"Not quite enough to debut on the Forbes 400 but plenty for bragging rights,” the editor reportedly said.
Dre apparently owns only 25 percent of Beats, so Forbes editors forecast the maximum he would earn from the Apple deal would be $800 million, which reduces to $480 million after taxes.
Analysts combined the $480 million net profit with Dre’s other assets to come up with the $800 million figure.
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The number would put Dre in front of P. Diddy, whose estimated net worth clocks in at $700 million, New York Daily News reports.
Dre appeared to announce the deal in a Facebook post that went viral on Friday.
A video shows the producer and singer Tyrese celebrating amid claims Dre had inked the multi-billion dollar deal.
“First billionaire in hip-hop, right here on the motherf**king west coast,” Dre said.
Dre launched Beats Music in 2008 with music executive Jimmy Iovine.
The company makes his popular Beats by Dr. Dre headphones.
Bowers & Wilkins know a thing or two about making headphones. You'll be hard pressed to find a single commuter journey where there isn't someone wearing a pair of their P3 headphones. Well the P5's are the bigger wire-free sibling and trust us, they're worth the upgrade. With two days of commuting battery, the same incredible sound and all the style of a Tom Ford suit the P5's are the headphones to buy this year.Best For: The Secret Agent
BeoPlay H8 Wireless Headphones
B&O Play's rise to audiophile royalty has been swift, and it's no wonder. Aimed at a younger clientele, Bang and Olufsen's ultra-premium brand has placed stunning levels of focus on usable design. The H8's are indeed stunning to look at but they're packed with tech including touch-sensitive controls, Bluetooth 4.0 and over a day's wireless battery life. They're not cheap, but then that's the point.Best For: The Designer
Parrot Zik 3
When Parrot aren't making drones they're also making some of the best headphones money can buy. Leaning heavily on the technology these come with a wish list of features: touch sensitive controls, iPhone app control, noise cancelling, wireless charging, USB playback support and a removable battery. It's hard to think of a pair that can tick as many boxes.Best For: You 2.0
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Sennheiser Momentum 2.0
Sennheiser have always been known for quality, but what their headphones have sometimes lacked is the style to make them truly iconic. The Momentum 2.0 rather handily solves this problem by not only looking stunning but also sounding pretty amazing too. Want great high's and mids with a firm but not imposing bass then these are the cans for you.Best For: The Audiophile
Sennheiser Urbanite
Subjectively the Sennheiser Urbanites are among our favourite-looking headphones on the market, they sound great in most situations and they're clearly built to last. They aren't Beats-flashy, and they're not quite "a sea of white Zinfandel". They're more like a mature, tasty bottled craft beer with a cool label. Best For: The Hipster
RHA T10i
The RHA T10i headphones are ruthless, or at least they would be if they were a human being. They're cold, calculated metal design make them an imposing first sight when you open the box but then, you haven't bought a pair of RHA headphones just for the looks. They sound utterly precise (and excellent). Best For: The Perfectionist
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Bose QuietComfort 20i
These in-ear headphones are among the best we've ever tested - and you'd hope so, because at £259 they aren't cheap. What you get for your money is a combination of great, rich basic sound, brilliant noise-cancelling tech and the most comfortable fit you can find without involving a custom-made solution. Best For: The Frequent Flyer
AKG K451
Flickr:Cognoscenti*
These headphones have won fans all around the world for one simple reason: for this price (£50) you can't do better. They sound excellent, fold up neatly to stow away in a bag, come with a basic cable and a cable with a built-in three-button remote and won't leave you bereft if you lose or break them. Best For: The Student
Sony MDR-HW700DS
Look past their ludicrously long name and you'll find the world's first 9.1ch surround sound headphones. Connecting via HDMI these are the audiophile's headphones of choice for home entertainment thanks to uncompressed audio and compatibility with 4K video and sound files. Plug these into your 4K TV and you'll be presented with nine channels of crystal clear sound using Sony's VirtualPhones Technology. Best For: The Film Buff
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Jaybird Freedom Sprint
These resilient, water-resistant Bluetooth headphones are designed for exercise, and come with a set of neat ear-moulding foam inserts to keep them tightly in place when you're running. For £105 it's hard to find a better pair of sport earbuds. Best For: The Jogger
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