Sorry Dr. Dre, the Real Beats Billionaire Is Iovine?

from Bloomberg News: - When news spread last week that Apple was near an acquisition of Beats Electronics for $3.2 billion, Beats co-founder Dr. Dre appeared in a video boasting of becoming the "first billionaire in hip hop." Bloomberg's Peter Newcomb examined whether or not that would be true.

Truth be told, Dre had a net worth in the hundreds of millions before Beats By Dre hit the market. This deal more than likely put him over the top into the billionaire club, Bloomberg.

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