Dr. Dre, the renowned rapper, producer, and songwriter, is reportedly closing in on a deal to sell his music catalog and streaming projects for a staggering sum of over $200 million. The deal, which is set to be signed with Shamrock Holdings and Universal Music Group, would see the rapper, whose net worth is estimated at $820 million, hand over ownership of a significant portion of his assets.
According to Billboard, the package being sold by the co-founder of Beats Electronics is worth around $10 million a year, and includes percentages of his two solo albums, his share of the artist association, his deals with producers, and a share of his song catalog.
The sellers were said to be seeking $250 million, but it is believed that the final combined payments will fall just short of that figure, collectively bringing in upwards of $200 million.
The Deal's Valuation
It's worth noting that not all of the pieces of the bundle individually carry that type of multiple.
Some of the Dre assets could be trading hands at a lower multiple. The 20-times multiple valuation is based on the combined payments, but it's not clear how each individual asset is valued.
Dr. Dre's Legacy
Dr. Dre is one of the pre-eminent producers of his generation, as well as a rapper and songwriter who has worked with some of the most iconic R&B and hip-hop artists of all time, including Snoop Dogg, Eminem, 2Pac, Mary J.
Blige, Busta Rhymes, 50 Cent and Lamar. He initially rose to fame as a co-founder of seminal gangsta rap group N.W.A in the 1980s, before releasing his first solo album, The Chronic, in 1992. Earlier this week, the rapper stopped politician Marjorie Taylor Greene from using his music on social media, and according to reports, he bought the rights package through his lawyer Peter Paterno.
The Cost of Divorce
The lucrative offer comes after the 57-year-old rapper agreed to pay his ex-wife Nicole Young $100 million in an estate settlement in December 2021. Meanwhile, ex-wife Nicole was allowed to keep four vehicles, namely a Rolls Royce, a Cadillac Escalade, a motorcycle, and a Range Rover. She also received her clothes, jewelry, bags, and furs, which are valued in the millions.