Who Owns Beats Electronics
Beats Electronics was co-founded by Dr. Dre and music producer Jimmy Iovine. The company built its brand around high-profile headphones and audio products.
Apple's Acquisition of Beats
In 2014, Apple acquired Beats Electronics for roughly $3 billion. The deal brought both the hardware line and the Beats Music streaming service under Apple's umbrella.
Dr Dre's Current Ownership Stake
After the acquisition, Dr. Dre received a reported $300 million in Apple stock and cash. He is not an Apple employee, but he remains associated with the Beats brand as a co-founder.
For more details on the transaction, see the official Apple press release Apple to Acquire Beats Electronics.
