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Friday, May 9, 2014

Apple-Beats fortunes

BEATS WORKING: If the gargantuan Apple-Beats deal closes as expected, Jimmy Iovine will of course substantially enlarge his already sizable fortune (and presumably whatever he stands to earn as Tim Cook's adviser/pop-culture jedi isn't even included). So would Dr. Dre, who, according to The Guardian, is on the verge of becoming the wealthiest man in hip-hop. Lucian Grainge's UMG is also looking at a tasty chunk of change. Initial reports suggest that, given the company's investment and doing the math based on the reported purchase price, it would stand to realize about $400m in the deal. Sweet. For further details and analysis, check out our story here. Meanwhile, is Iovine wearing his famous rabbi's tallis in this photo, and are he and Dre attending one of those trendy shabbat services at Rabbi Mark Borovitz's Beit T'Shuvah in Culver City? (5/9p)

 
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