Obi 1 Kanobi wrote:He is not there yet, he will only collect Usd 400 million coz he owns 25%. And even with that, P Diddy is still richer.
25% of 3 Billion is $750m and Dr. Dre was definitely not worth $0/= before the deal. In the last 3 years alone he made $275 million. Add that to his income from music. He's the one who "discovered" [signed] the likes of 50 cent, Eminem etc.
And don't forget that this is not the first non sales money they are making from the company. In 2012 Dr. Dre and Lovine bought out HTC for $150m to bring their combined stake to 75%. In 2013, they sold a minority stake to Carlyle Group for $500 with Dr. Dre pocketing $250m
Beats sell a minority stake to Carlyle GroupDo the Math!!!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.