Dr. Dre’s Music Catalog Sale Could Make Him A Billionaire

Dr. Dre is on the verge of achieving billionaire status if he manages to sell his music catalog to Shamrock Holdings and Universal Music Group for $200 million. The rapper’s music catalog generates $10 million a year in passive income for Dre which will go to Shamrock Holdings and Universal Music Group after the sale.

The deals which has been in the works for weeks now and is almost done is being headed by Dr. Dre’s attorney Peter Paterno of King, Holmes, Paterno & Soriano. The deal will include artist royalties from his solo albums as well as his N.W.A. share of artist royalties and the writer’s share of his song catalog where he doesn’t own publishing.

According to The Blast, the breakdown of the royalties will be 75%-90% in favor of Shamrock Holdings and the remaining will go to Universal Music Group.

Despite selling off his music catalog, Dr. Dre will still be making a lot of money from his other ventures such as Beats headphones, and from co-owning Aftermath Records. Beats Headphones itself makes him about $500 million a year.

However, one of Dre’s biggest investments has been in real estate. The rapper owns several mansions in Pacific Palisades District, Brentwood, and Calabasas worth $2.25 million, $50 million, and $4.9 million respectively.

Given the number of other ventures he has, it doesn’t look like he will be struggling for money after selling his music catalog. He is also reportedly worth over $800 million as of writing this article and selling his catalog will make him a billionaire. Stay tuned to Thirsty For News as we bring you similar stories.

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