News: LeBron James Makes Millions & Millions After Dr. Dre's $3 Billion Apple Deal
Friday, Jun 13, 2014 11:00AM
Miami Heat superstar LeBron James is sitting on even more millions than he already had following the publicized sale of Dr. Dre's Beats Electronics company to Apple for over $3 billion. #Millions
According to reports, James' stake in Beats helped him secure over $30 million.
James took a small stake in Beats Electronics during its inception back in 2008, working closely with producers and company cofounders Jimmy Iovine and Dr. Dre to promote the company's premium headphones. For context, James is paid $19.1 million a year by the Heat to play basketball. So his Beats deal netted him more money this year than basketball. (Business Insider)
Aftermath protégé Jon Connor recently revealed how Dr. Dre celebrated the big multi-billion dollar deal.
"The day after it came out, that the Beats and Apple thing was happening, I think me and Dre watched 'Neighbors,' the movie with -- who was that? Seth Rogen and Zac Efron," Jon Connor told MTV News with a laugh. "We watched 'Neighbors.' It was cool. We was having fun. We just watched a movie after it happened. It was another day. He was extremely happy about it." (MTV)
Interscope's Hit-Boy recently spoke to SOHH and shared a few thoughts on Dr. Dre and music mogul Jimmy Iovine landing the $3 billion Apple deal.
"The Apple deal is amazing. That's amazing, man. That's amazing that they're trying to better themselves and learn about technology and provide more for the youth and for the world. That's what I'm into. So it's all love, you know?" (SOHH)
Reports last month suggested the Doc and Iovine would play big roles at Apple.
Their titles: "Jimmy" and "Dre." It's a full-time gig for Mr. Iovine, who is leaving his post as chairman of Vivendi's Interscope Records. Dre, whose real name is Andre Young, will continue to produce music but do "as much as it takes" for Apple. (No word on whether that includes creating and posting any Instagram videos.) (Wall Street Journal)