Encouraged by Interscope Records' head honcho Jimmy Iovine to ditch the idea of launching a sneaker line and website to focus on "selling speakers" six years ago, the decision has proved to be lucrative as it has allowed Dr. Dre to jump from his number sixth position from Frobes' 2011 list to number one this year.
The rapper/producer reportedly raked in $100 million pre-taxed after sealing a deal with HTC who invested $300 million in Beats by Dre for a 51% stake last year.
Beats by Dre can popularly be seen sported on the ears of music lovers and fellow music artists. Just this past week, fellow rapper Lil Wayne was spotted sitting at the 2012 MTV VMAs with a red pair of Beats by Dre with the famous "b" on each earcup.
Dr. Dre's headphones are considered the go-to headphones for quality; so monster beats much so, when you simply Google "headphones," Beats by Dre comes highly recommended in the top search.
Behind Dre on the list sits Diddy who comes in at number 2 with $45 million, followed by Jay-Z (who topped the list in 2011) with $38 million, while Kanye West sits at number 4 with $35 million and Lil Wayne rounds out the top 5 with $27 million.
Although fans have been patiently waiting for Dr. Dre's long-awaited-infamously pushed back album, Detox, Beats by Dre proves to be a suitable gift to music as they wait.
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