http://www.gettyimages.com.au/detail/news-photo/rapper-dr-dre-performs-during-the-snoop-dogg-kendrick-lamar-news-photo/171955399
While Dr Dre has already declared himself “the first billionaire in hip-hop” — which as Music Feeds reported yesterday, may not be entirely accurate — with a reported deal between Apple and Dre’s Beats Electronics not yet officially announced, could Dre’s braggadocio complicate the purchase?
To answer the question of whether Dre’s, admittedly vague, statement could violate confidentiality agreements tied to the multibillion-dollar deal, HipHopDX spoke to Weld & Co Securities Managing Director Corey Davis, who has over 18 years of experience with such acquisitions.
“While there is a large amount of speculation in the media about a potential deal… there has yet to be any direct confirmation from the parties involved,” explains Davis. “I reviewed the video of Tyrese and Dr. Dre talking about the ‘first hip-hop billionaire’… A viewer could infer from the media speculation that Dre is referring to his newly found wealth as a result of the rumoured deal.”
Davis says that whether Dre’s “statement” breaks any contract clauses “falls into a ‘grey’ area,” adding, “There are ethics, there are morals and then there is the law.” However, he says that since neither Dre nor Tyrese mention Apple, the video most likely did not break any laws, but that “their lawyers aren’t pleased about the video given that it has been removed from Tyrese’s Facebook.”
“Finally, as a privately held company, any leaks of a deal will not cause the deal price to go up – with the exception that it might entice new bidders to come to the fore,” Davis continues. “However, if the bankers did their job, you would expect all of the likely buyers to have already been contacted.”
“Their lapse in judgment could have an unintended consequence that could cause the deal to collapse. If investors think a deal between Apple and Beats doesn’t make sense, they could sell Apple stock causing the share price to decline—sending a strong message to management that they don’t approve. If the deal hasn’t been inked, it could cause management to rethink their decision.”
Gallery: Cash Kings 2013 – The World’s 20 Highest-Paid Hip-Hop Artists – The Top 10
Watch: Dr Dre Declares Himself “The First Billionaire In Hip-Hop”
http://youtu.be/guMFKBXp544
Hip Hop Richest 2013
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P. Diddy
1. P. Diddy ($50 million) - How can this be? P. Diddy hasn't been popular since he changed his name to be more child friendly. Ciroc vodka. That's how. The rapper can attribute most of this cash to the success of the brand as well as his record label Bad Boy as well as his Sean John clothing label and probably the odd sale from 1997's No Way Out. -
Jay Z
2. Jay Z ($43 million) - He may not be #1 but $43,000,000 is still some serious cheese. A natural born business man, Jay-Z is always scheming something. The cool $5 million deal with Samsung surely didn't hurt this net figure leaving the other $38 million to come from Armand De Brignac alcohol sales. -
dr dre 050410
3. Dr. Dre ($40 million) - This one's easy to explain. Create an average quality headphone set, mark up the price 800%, get enough famous people to wear them so the unwashed masses feel they want, nay, need a pair and viola, $40 million. -
Nicki Minaj Sexy Free Hd Booty Wallpaper 2013
4. Nicki Minaj ($29 million) - Narrowing in on a radio friendly, yet kinda gangsta niche, say what you will about Minaj but she's doing something different and it's working. Penning a cash-heavy deal with American Idol doesn't hurt either. -
Birdman
5. Birdman ($21 million) - One of the Cash Money Records tycoons, Birdman is probably struggling to get out of the way of the money. Once again, Vodka sales played a role in this figure. -
Kanye West
6. Kanye West ($20 million) - Leather jogging pants, snowman outfits and Maybach vehicles. $20 Million may seem like a lot but not if you're this much of a douche. Fail, Kanye. I believed in you. Hmph. -
Lil Wayne
7. Lil Wayne ($16 million) - Lil Wayne is also another puppet master of Cash Money Records, though didn't tie with counterpart Birdman as Wayne probably blew most of it on legal bills. Legal bills and codine. Wayne also earns passive income from his own record label Young Money. -
Wiz Khalifa Hd 54942
8. Wiz Khalifa ($14 million) - Wiz Khalife is doing suprisingly well for a newbie to the game. Life shows and a killer follow up album saw Wiz make it to the list. Mind you he better keep it up as $14 mill isn't enough to keep Amber Rose happy. -
Ludacris
9. Ludacris ($12 million - With his new album still yet to be released, Luda is relying on the cash from Soul heaphone sales, live shows, his mad acting skills and that sweet, sweet 'fuck you' Conjure Congac money. -
Pitbull7906566656
10. Pitbull ($11 million) - Unfortunately, there are people out there who like this dude. Sales of his latest album Global Warming saw Mr. Worldwide's bank account soar. Touring played it's part as did sponsors with Kodak and Dr. Pepper so kids, remember, you can make double-digit millions by scrapping the barrel.
