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Message: [QUOTE="BillSU, post: 2245754"] Texan, are you being sarcastic? Both of these guys are the reason Rap, Hip Hop and all of the top recording artists of thet genre is the way it is today. Iovine started out knowing nothing about music and has become almost a billionaire by working his butt off becoming one of the best known recording engineers and marketers in the music world. Dr Dre, mmmm…….The Defiant Ones is a very well made four part documentary currently running on HBO about their lives. Jimmy Iovine Record producer James Iovine is a record producer. He is best known as the co-founder of Interscope Records and chairman of Interscope Geffen A&M. [B]James Iovine[/B] ([URL='https://en.wikipedia.org/wiki/Help:IPA_for_English'][U]/ˈaɪ.əviːn/[/U][/URL]; ˈjovine; born March 11, 1953)[URL='https://en.wikipedia.org/wiki/Jimmy_Iovine#cite_note-allmusicbio-1'][U][1][/U][/URL] is a record producer. He is best known as the co-founder of [URL='https://en.wikipedia.org/wiki/Interscope_Records'][U]Interscope Records[/U][/URL] and [URL='https://en.wikipedia.org/wiki/Chairman'][U]chairman[/U][/URL] of [URL='https://en.wikipedia.org/wiki/Interscope_Geffen_A%26M'][U]Interscope Geffen A&M[/U][/URL].[URL='https://en.wikipedia.org/wiki/Jimmy_Iovine#cite_note-2'][U][2][/U][/URL] In 2006, Iovine teamed with [URL='https://en.wikipedia.org/wiki/Dr._Dre'][U]Dr. Dre[/U][/URL] to found [URL='https://en.wikipedia.org/wiki/Beats_Electronics'][U]Beats Electronics[/U][/URL], a company which produces audio products and operated a now defunct music streaming service. The company was purchased by [URL='https://en.wikipedia.org/wiki/Apple_Inc.'][U]Apple[/U][/URL] for $3 billion in May 2014.[URL='https://en.wikipedia.org/wiki/Jimmy_Iovine#cite_note-3'][U][3][/U][/URL] [B]Early life and training[/B] James Iovine was born in [URL='https://en.wikipedia.org/wiki/Brooklyn,_New_York'][U]Brooklyn, New York[/U][/URL]. As a teenager, Iovine was introduced to music production after he met a songwriter who got him a job cleaning a recording studio. He began working as a studio professional around 1972.[URL='https://en.wikipedia.org/wiki/Jimmy_Iovine#cite_note-4'][U][4][/U][/URL] Since the start of his career, Iovine has been involved in the production of more than 250 albums. [URL='https://www.google.com/search?biw=1280&bih=855&q=jimmy+iovine+born&stick=H4sIAAAAAAAAAOPgE-LUz9U3MDI3yErREstOttIvSM0vyEkFUkXF-XlWSflFeQB1ptiJJQAAAA&sa=X&sqi=2&ved=0ahUKEwjg34HQjIzVAhVHyT4KHccsBaoQ6BMIpgEoADAY'][U]Born[/U][/URL]: March 11, 1953 (age 64), [URL='https://www.google.com/search?biw=1280&bih=855&q=Brooklyn&stick=H4sIAAAAAAAAAOPgE-LUz9U3MDI3yEpR4gAxk4uMU7TEspOt9AtS8wtyUoFUUXF-nlVSflEeALSOWrsvAAAA&sa=X&sqi=2&ved=0ahUKEwjg34HQjIzVAhVHyT4KHccsBaoQmxMIpwEoATAY'][U]Brooklyn, New York City, NY[/U][/URL] [URL='https://www.google.com/search?biw=1280&bih=855&q=jimmy+iovine+nationality&stick=H4sIAAAAAAAAAOPgE-LUz9U3MDI3yErRks1OttIvSM0vyEkFUkXF-XlWeYklmfl5iTmZJZUAczdYaywAAAA&sa=X&sqi=2&ved=0ahUKEwjg34HQjIzVAhVHyT4KHccsBaoQ6BMIqgEoADAZ'][U]Nationality[/U][/URL]: American [URL='https://www.google.com/search?biw=1280&bih=855&q=jimmy+iovine+spouse&stick=H4sIAAAAAAAAAOPgE-LUz9U3MDI3yErRkshOttIvSM0vyEkFUkXF-XlWxQX5pcWpAARCBMonAAAA&sa=X&sqi=2&ved=0ahUKEwjg34HQjIzVAhVHyT4KHccsBaoQ6BMIrQEoADAa'][U]Spouse[/U][/URL]: [URL='https://www.google.com/search?biw=1280&bih=855&q=Liberty+Ross&stick=H4sIAAAAAAAAAOPgE-LUz9U3MDI3yEpR4gIxs5PyzCzTtCSyk630C1LzC3JSgVRRcX6eVXFBfmlxKgC96lDQMwAAAA&sa=X&sqi=2&ved=0ahUKEwjg34HQjIzVAhVHyT4KHccsBaoQmxMIrgEoATAa'][U]Liberty Ross[/U][/URL] (m. 2016), [URL='https://www.google.com/search?biw=1280&bih=855&q=Vicki+Iovine&stick=H4sIAAAAAAAAAOPgE-LUz9U3MDI3yEpRAjMtTAyKTLQkspOt9AtS8wtyUoFUUXF-nlVxQX5pcSoAl9thojIAAAA&sa=X&sqi=2&ved=0ahUKEwjg34HQjIzVAhVHyT4KHccsBaoQmxMIrwEoAjAa'][U]Vicki Iovine[/U][/URL] (m. ?–2009) [URL='https://www.google.com/search?biw=1280&bih=855&q=jimmy+iovine+children&stick=H4sIAAAAAAAAAOPgE-LUz9U3MDI3yErRkspOttIvSM0vyEkFUkXF-XlWyRmZOSlFqXkAw_d7lSkAAAA&sa=X&sqi=2&ved=0ahUKEwjg34HQjIzVAhVHyT4KHccsBaoQ6BMIsgEoADAb'][U]Children[/U][/URL]: [URL='https://www.google.com/search?biw=1280&bih=855&q=Jade+Iovine&stick=H4sIAAAAAAAAAOPgE-LUz9U3MDI3yEpR4tVP1zc0TM4uN00vzzXWkspOttIvSM0vyEkFUkXF-XlWyRmZOSlFqXkAtTCC0zgAAAA&sa=X&sqi=2&ved=0ahUKEwjg34HQjIzVAhVHyT4KHccsBaoQmxMIswEoATAb'][U]Jade Iovine[/U][/URL], [URL='https://www.google.com/search?biw=1280&bih=855&q=James+Iovine&stick=H4sIAAAAAAAAAOPgE-LUz9U3MDI3yEpR4tVP1zc0TDJLMzQyiDfTkspOttIvSM0vyEkFUkXF-XlWyRmZOSlFqXkA6whwqDgAAAA&sa=X&sqi=2&ved=0ahUKEwjg34HQjIzVAhVHyT4KHccsBaoQmxMItAEoAjAb'][U]James Iovine[/U][/URL], [URL='https://www.google.com/search?biw=1280&bih=855&q=Jessica+Iovine&stick=H4sIAAAAAAAAAOPgE-LUz9U3MDI3yEpR4tVP1zc0TM4uN08zLcrSkspOttIvSM0vyEkFUkXF-XlWyRmZOSlFqXkA9tlwnTgAAAA&sa=X&sqi=2&ved=0ahUKEwjg34HQjIzVAhVHyT4KHccsBaoQmxMItQEoAzAb'][U]Jessica Iovine[/U][/URL], [URL='https://www.google.com/search?biw=1280&bih=855&q=Jeremy+Iovine&stick=H4sIAAAAAAAAAOPgE-LUz9U3MDI3yEpR4tVP1zc0TDJLM8vNyTPRkspOttIvSM0vyEkFUkXF-XlWyRmZOSlFqXkA5kyN3TgAAAA&sa=X&sqi=2&ved=0ahUKEwjg34HQjIzVAhVHyT4KHccsBaoQmxMItgEoBDAb'][U]Jeremy Iovine[/U][/URL] [URL='https://www.google.com/search?biw=1280&bih=855&q=jimmy+iovine+record+label+founded&stick=H4sIAAAAAAAAAOPgE-LUz9U3MDI3yErR0skot9JPzs_JSU0uyczP0y9KTc4vSokvKMpPKU1OLSq2gggo5CQmpeYAAJKp5GQ7AAAA&sa=X&sqi=2&ved=0ahUKEwjg34HQjIzVAhVHyT4KHccsBaoQ6BMIuQEoADAc'][U]Record label founded[/U][/URL]: [URL='https://www.google.com/search?biw=1280&bih=855&q=Interscope+Records&stick=H4sIAAAAAAAAAOPgE-LUz9U3MDI3yEpRAjMNS4pKkrV0Msqt9JPzc3JSk0sy8_P0i1KT84tS4guK8lNKk1OLiq0gAgo5iUmpOQBoC8QzRgAAAA&sa=X&sqi=2&ved=0ahUKEwjg34HQjIzVAhVHyT4KHccsBaoQmxMIugEoATAc'][U]Interscope Records[/U][/URL] Andre Romelle Young, better known by his stage name Dr. Dre, is an American rapper, record producer, and entrepreneur. He is the founder and current CEO of Aftermath Entertainment and Beats Electronics. [URL='https://www.google.com/search?biw=1280&bih=855&q=dr.+dre+born&stick=H4sIAAAAAAAAAOPgE-LSz9U3MCwrq0zJ0RLLTrbSL0jNL8hJBVJFxfl5Vkn5RXkAKLll8yYAAAA&sa=X&sqi=2&ved=0ahUKEwjgzZiXjYzVAhWJVz4KHR3CB5gQ6BMIvgEoADAe'][U]Born[/U][/URL]: February 18, 1965 (age 52), [URL='https://www.google.com/search?biw=1280&bih=855&q=Compton+California&stick=H4sIAAAAAAAAAOPgE-LSz9U3MCwrq0zJUeIAsYsMjNO0xLKTrfQLUvMLclKBVFFxfp5VUn5RHgD41RV0MAAAAA&sa=X&sqi=2&ved=0ahUKEwjgzZiXjYzVAhWJVz4KHR3CB5gQmxMIvwEoATAe'][U]Compton, CA[/U][/URL] [URL='https://www.google.com/search?biw=1280&bih=855&q=dr.+dre+net+worth&stick=H4sIAAAAAAAAAOPgE-LSz9U3MCwrq0zJ0RIrLrbSL09NSktMLim2ykstiS_PLyrJAAAFzdMOJgAAAA&sa=X&sqi=2&ved=0ahUKEwjgzZiXjYzVAhWJVz4KHR3CB5gQ6BMIwgEoADAf'][U]Net worth[/U][/URL]: $740 million [URL='https://www.google.com/search?biw=1280&bih=855&q=dr.+dre+spouse&stick=H4sIAAAAAAAAAOPgE-LSz9U3MCwrq0zJ0ZLITrbSL0jNL8hJBVJFxfl5VsUF-aXFqQBVFhlIKAAAAA&sa=X&sqi=2&ved=0ahUKEwjgzZiXjYzVAhWJVz4KHR3CB5gQ6BMIxQEoADAg'][U]Spouse[/U][/URL]: [URL='https://www.google.com/search?biw=1280&bih=855&q=Nicole+Threatt&stick=H4sIAAAAAAAAAOPgE-LSz9U3MCwrq0zJUQKzM4zi4wtMtCSyk630C1LzC3JSgVRRcX6eVXFBfmlxKgDnMBeNNAAAAA&sa=X&sqi=2&ved=0ahUKEwjgzZiXjYzVAhWJVz4KHR3CB5gQmxMIxgEoATAg'][U]Nicole Young[/U][/URL] (m. 1996) [B]Andre Romelle Young[/B][URL='https://en.wikipedia.org/wiki/Dr._Dre#cite_note-DrDreBio-Ro-2007-1'][U][1][/U][/URL]:1 (born February 18, 1965),[URL='https://en.wikipedia.org/wiki/Dr._Dre#cite_note-2'][U][2][/U][/URL] better known by his [URL='https://en.wikipedia.org/wiki/Stage_name'][U]stage name[/U][/URL] [B]Dr. Dre[/B], is an American rapper, record producer, and entrepreneur. He is the founder and current CEO of [URL='https://en.wikipedia.org/wiki/Aftermath_Entertainment'][U]Aftermath Entertainment[/U][/URL] and [URL='https://en.wikipedia.org/wiki/Beats_Electronics'][U]Beats Electronics[/U][/URL]. Dre was previously the co-owner of, and an artist on, [URL='https://en.wikipedia.org/wiki/Death_Row_Records'][U]Death Row Records[/U][/URL]. He has produced albums for and overseen the careers of many rappers, including [URL='https://en.wikipedia.org/wiki/Tupac_Shakur'][U]2Pac[/U][/URL], [URL='https://en.wikipedia.org/wiki/The_D.O.C.'][U]The D.O.C.[/U][/URL], [URL='https://en.wikipedia.org/wiki/Snoop_Dogg'][U]Snoop Dogg[/U][/URL], [URL='https://en.wikipedia.org/wiki/Eminem'][U]Eminem[/U][/URL], [URL='https://en.wikipedia.org/wiki/Xzibit'][U]Xzibit[/U][/URL], [URL='https://en.wikipedia.org/wiki/Knoc-turn%27al'][U]Knoc-turn'al[/U][/URL], [URL='https://en.wikipedia.org/wiki/50_Cent'][U]50 Cent[/U][/URL], [URL='https://en.wikipedia.org/wiki/Game_(rapper)'][U]The Game[/U][/URL] and [URL='https://en.wikipedia.org/wiki/Kendrick_Lamar'][U]Kendrick Lamar[/U][/URL]. He is credited as a key figure in the popularization of [URL='https://en.wikipedia.org/wiki/West_Coast_hip_hop'][U]West Coast[/U][/URL] [URL='https://en.wikipedia.org/wiki/G-funk'][U]G-funk[/U][/URL], a style of [URL='https://en.wikipedia.org/wiki/Rap'][U]rap[/U][/URL] [URL='https://en.wikipedia.org/wiki/Music'][U]music[/U][/URL] characterized as synthesizer-based with slow, heavy beats. As of 2017 he is the third richest figure in hip hop according to [I][URL='https://en.wikipedia.org/wiki/Forbes_magazine'][U]Forbes[/U][/URL][/I] with a net worth of $740 million.[URL='https://en.wikipedia.org/wiki/Dr._Dre#cite_note-3'][U][3][/U][/URL] Earlier this month, word leaked that Apple was on the verge of acquiring Beats for $3.2 billion dollars--making the latter's wealthy cofounders, Dr. Dre and Jimmy Iovine, even wealthier. The news led some outlets to [URL='http://www.bloomberg.com/news/2014-05-12/iovine-poised-to-become-billionaire-with-apple-beats-deal.html'][U]speculate[/U][/URL] that both men would become billionaires immediately upon its consummation. But in our June 16th issue, we pegged Iovine's net worth at $970 million, about $170 million ahead of Dr. Dre. Here's why we're not ready to pronounce either a billionaire just yet. First of all, Apple's acquisition of Beats hasn't been completed. Though it's still likely to happen by most accounts, the deal has taken much longer to finish than initially anticipated, and [URL='http://nypost.com/2014/05/27/apple-cuts-purchase-price-of-beats/'][U]a recent report by the [/U][/URL][I][URL='http://nypost.com/2014/05/27/apple-cuts-purchase-price-of-beats/'][U]New York Post[/U][/URL] [/I]suggests the final purchase price may be $3 billion, not $3.2 billion. Then there's the matter of Uncle Sam. Even if the deal goes through at $3.2 billion, it's unclear how much will be paid in Apple stock and how much will be paid in cash. The computer giant is said to be interested in keeping Beats' cofounders around as executives; some observers have [URL='http://www.billboard.com/biz/articles/news/legal-and-management/6092105/apple-ceo-tim-cook-jimmy-iovine-new-steve-jobs'][U]suggested[/U][/URL] that Apple thinks Iovine could be the next Steve Jobs. That would seem to suggest a payout packed with Apple stock, which could provide greater incentive for both men to stick around. But Apple is sitting on a whopping [URL='http://www.forbes.com/sites/nathanvardi/2014/05/12/tim-cook-dr-dre-and-the-battle-for-apples-cash/'][U]$150 billion in cash[/U][/URL], or roughly 10% of all corporate cash held by nonfinancial companies, and may view its stock as more valuable to hold onto. Uncle Sam would take a hefty tax bite out of a cash payment. When calculating Iovine's net worth at $970 million, we took a middle-ground approach. More specifically, we assumed a half-cash, half-stock payout. Our internal estimates placed his net worth at $800 million earlier this year, based on a $2 billion valuation of Beats, of which he holds 25%. Though a sale for $3.2 billion would increase the value of that stake from $500 million to $800 million, the capital gains hit from the cash portion of the sale--likely 33% for federal and state taxes--would lop off about $130 million, leaving Iovine with an increase of $170 million and a net worth of $970 million. By similar logic, the deal would boost [URL='http://www.forbes.com/sites/zackomalleygreenburg/2014/05/09/apples-3-2b-beats-buy-would-make-dre-raps-richest-man/'][U]Dr. Dre's net worth[/U][/URL] from a recent $550 million to somewhere between $700 million and $800 million, making him hip-hop's richest man. If Apple does indeed buy Beats for $3.2 billion, and the payment is mostly in stock, Iovine may well become a billionaire in the near future, and Dre perhaps a bit further down the line. But given the uncertainty of the cash/stock breakdown and the final sale price, we feel it's too early to make that designation just yet. Iovine and Dre have worked with and mentored too many artists to list here –Springsteen comes to mind, Stevie Nicks,Gwen Stefani, blah, blah, Google them it’s a very interesting read or watch HBO [/QUOTE]

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