Dr. Dre is the World’s Highest Paid Musician for 2012

According to a just released list of World’s Highest-Paid Musicians by US based Forbes Magazine, the Rapper Andre Romelle Young popularly known by his stage name as Dr. Dre, comes at the top as the World’s Highest-Paid Musician of 2012 with a whopping $110 million in pretax earnings.

Although Dr. Dre does not release so many albums lately, his earnings included royalties from his back catalog and payment for his headlining gig at Coachella in April (alongside Snoop Dogg and a digital likeness of Tupac). But most of his cash came largely from his Beats product line, which includes a robust catalog of headphones, earphones, boomboxes and accessories. Beats accounted for 53% of 2011’s $1-billion headphone market, according to market research company NPD Group despite stiff competition in celeb-fronted headphones from Quincy Jones, RZA, Snoop Dogg, Jay-Z and 50 Cent.

Another example according to Forbes Magazine is the fact that Dr. Dre earned $100 million when HTC, a Taiwanese manufacturer of smartphones and tablets, purchased a 51% stake in the company last year. It is reported that the company later sold half of its share back to Beats, and they have exclusive rights to use Beats Audio technology in its mobile devices.

The monetary totals are calculated from May 2011 through May 2012 according to Forbes Magazine. This announcement comes at a time when millions of Dr. Dre’s fans are still impatiently waiting for his soon to be released album “Detox”. This simply means Dr. Dre will make even more money when his “Detox” album hits the market in the coming days.

At the number one position on Forbes’ list in 2012, Dre now unseats U2, who topped the rankings last year (2011) after they made $195 million from their record-breaking 360 tour. U2 comes in at the fourth position in 2012 with $78 million.

Other notable artists who also made it onto Forbes’ World’s Highest-Paid Musicians list are the likes of Rihanna, Diddy, Beyonce, Jay-Z, and Kanye West all ranking in the top 25. Dr. Dre also leads a pack of pop stars, rock icons, rap moguls and country crooners like Taylor Swift, Justin Bieber, Paul McCartney etc, many of whom made most of their money outside the recording studio.