PEASANTS: Dr. Dre Makes An Astronomical Amount Of Money Each Month...

Dr. Dre revealed his finances in court documents as part of an ongoing legal battle with his ex-wife Nicole Young.

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Court documents obtained by Radar Online revealed Dr. Dre is making an average of $228,000 each month.

He disclosed his finances amid a bitter divorce battle with his ex-wife Nicole Young.

According to Dr. Dre’s financial records, he’s made millions by selling off Apple stock over the past 12 months.

The acclaimed producer sold the stock for a total of $73,725,773.

The Aftermath Entertainment founder has $182,744,809 in cash and his checking/savings accounts.

He’s got an additional $6,262,311 in stocks/bonds as well as $269 million in properties.

Although the D-R-E is making a lot of money, he’s got some major expenses too.

In estimates provided by his account, the former N.W.A member spent at least $17 million over the past year.

Dr. Dre’s expenses include $3.2 million on mortgages and $2.3 million on entertainment.

He also spent $7.8 million on what’s listed as “gifts,” including financial support for minor children.

The Hip Hop mogul also racked up an estimated $156,000 in health care costs; $248,000 on groceries; $21,000 for cell phone bills; $104,000 in auto-related payments and $177,000 for charitable donations.

Dr. Dre’s lawyer noted he didn’t account for taxes or litigation fees.

Payments owed to his ex-wife and expenses for residences occupied by family members were excluded as well.

That Apple Stock really helps him.

The bonobo sounds like he’s spending more than he earns. The only way to sustain such reckless spending is to hope the stock and property keep appreciating in value, otherwise he’ll have it rough in the not-too-distant future. He spends nearly $1.5 million per month, hii ghaseer ina mchezo sana. Heneway, acha nikondeshwe na 9k salo yangu.

If you make $9k a month and you live in Texas you shud be fine.
If you live in the NE or West, you must chunga cause your expenses will be proportional to Dre’s.

If you mean 9K kshs then my broda, I’m praying for you… :D:D:D.

Someone balance me here quick,how is this mortgage, considering ako na pesa anaweza nunua nayo town mzima na manyumba ndani yake? His house is ‘only’ 40 million dollars…he has 182 million in cash…stocks,
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Theres a advantage of mortgaging. Rich people prefer to use mortgages than cash, keeping cash for immediate business or investing. Lets say his house is $40 m. That means he can pay that 40m and have no mortgage. Or he can get a commercial mortgage at 4-5%. That 4-5% s less than inflation. Which means its just as good as paying cash. But now he has cash available to venture.

But the guy has bazillions,so chucking out 40 million is nothing. Dont forget his house was set at 50 but akabargain hadi hio 40 ,sasa akilipa mortgage si atalipa na interest obvious na ifike 50? Where is the point

Kinyozi, kuna kitu huitwa tax planning. Rich folks look for every loophole in the tax code to reduce their taxable income and increase long-term wealth. They can claim various tax deductions, credits, and exemptions. Unaeza pata his gains from a tax perspective are more than whatever interest he pays on that mortgage.

Hapa sasa nimeelewa mkuu
Ahsante. Does the same work in bonobo land?

Bonoboland mortgage interest is already above 10%…Hapa if you pay +4% people say u r crazy.
On that mortgage ya Dre, they did not specify which one on what…Dude has several properties…

He’s got an additional $6,262,311 in stocks/bonds as well as $269 million in properties.

Yeah, lakini birrionaires ndio wana-take full advantage. Ukiskia mtu ako na vitu kama charitable foundation, estate trust, na limited liability companies, huyo ako fully informed about legal tax avoidance methods.

The highest rate nimewai ona hapa US ni 3.25%, very affordable. Meanwhile Kenya mnawekewa 13 f.ckin %? What kind of thievery is that??? Can’t the low IQ legislators bring it down to hata 5%?

Wueh!! Lowest unaeza pewa ni ngapi if say, you want to get a pigsty hata ka ni one bedroom?

Hapa US, I can get a mortgage for like $250k, 2.3% for 10 years na I would end up paying up it up easily. Niliona Kenya ukichukua mortgage ya 20M unaend up kulipa over 70M, like wtf? Why is mortgage priced out of reach for an average person? No wonder hutawai ona somebody below 25 akiflex kanairo ati yeye ni homeowner.

Texas na other conservative states unaezapata na 1.5% with 90% financing. Liberal states tend to be higher but anything above 4% is very very very expensive

His home is a depreciating asset. Where as a regular home appreciates in value, many a time, celebrities homes lose value. So why mortgage it.

Its not up to legislators. It’s the state of the economy that determines. The worse the economy, the higher the risk of defaulting. Therefore the higher the interest. Mortgage seller has to price risk or go out of business.

Makes sense tbh. Most developed countries have below 5% rates. Can custom mortgages tailored to individuals work?

Not really. They are subjected to the same forces.