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Dr. Dre Just Made $300 Million Off His Headphones

Dr. Dre, who years ago started putting time and resources into bettering headphone technology and not so much into his long-awaited Detox — coming, finally, maybe, later this year! — is seeing his investment pay off. Dre and Jimmy Iovine have sold a 51 percent share of their company, Beats Electronics, which makes the Beats by Dre headphones, to HTC, a smartphone manufacturer, for $309 million. Not that Dre really needed the money, seeing as he already had around $125 million. Of course, this sale does mean that next time Dre sees 50 Cent he can say, "Vitaminwater, what?" drop the mike, and walk out. [NME]