05/29/2014 10:02 am ET Updated May 29, 2014

Apple Makes Dr. Dre Hip-Hop's Richest Man - 'Star-struck' Firm Pays Record $3B For Beats Electronics

Marcel Thomas via Getty Images

Apple has made the biggest buy in its history—and made Dr. Dre the richest man in hip-hop history. The company has confirmed that it is buying Beats Electronics for $3 billion, down from the $3.2 billion discussed earlier this month, reports Bloomberg.

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