Showing posts with label Forbes. Show all posts
Showing posts with label Forbes. Show all posts
Michael Jordan Becomes First U.S. Professional Athlete To Become A Billionaire
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5:43 PM
A Forbes Expert Says Dr.Dre Will NOT Be A Billionaire After 3.2 Billion Dollar Deal
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4:26 PM
A rep for Forbes says once the $3.2 Billion Apple deal is finalized ... the rap mogul will NOT hit the billion dollar mark.
Forbes Assistant Managing Editor for Wealth tells us ... they've done the math, and after state and federal taxes ... Dre will be worth in the neighborhood of $800 million.
It appears Dre only owns 25% of the company ... so the max he'd make off the sale is $800 MIL. After state and federal taxes, he's left with $480 MIL, and when you add in Dre's other assets, that's how Forbes now comes up with $800 MIL. Close but no cigar.
The editor says, "Not quite enough to debut on the Forbes 400 but plenty for bragging rights.”
(TMZ)
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