Dr. Dre made Tom Brady $40 million richer after the rapper turned entertainment mogul bought the mansion once owned by Brady and wife Giesele Bundchen.
The Beats Electronics found finalized his purchase of the sprawling estate in Brentwood, Los Angeles. The four-acre estate includes a French chateau surrounded by a moat filled with koi fish.
Lauren Beale of the Los Angeles Times has more details about the swanky new estate for Dr. Dre:
“Clad in limestone, the house features reclaimed ceiling beams, salvaged tile and antique doors. The 18,298 square feet of living space includes a center hall, a den, a library/study, a gym, a sauna, five bedrooms, nine bathrooms, loggias, covered terraces, balconies and garage space. There are seven fireplaces.
“The grounds, irrigated by a gray-water system, include expanses of lawn, gardens, waterfalls, ponds, an infinity pool and pathways. Electricity is supplied by solar panels.”
Dr. Dre handed Tom Brady quite a return on the home. The New England Patriots quarterback bought the house for $11.75 million back in 2008, then spent about four years making upgrades to turn the mansion into his off-season retreat.
It won’t be too big a cost for the 49-year-old rapper, however. Apple recently announced it was buying Beats Electronics for $3 billion, leading Dre to declare himself “rap’s first billionaire.”
“The first billionaire in hip hop right here from the motherf—-n West Coast,” Dre announces in a video shot by R&B artist Tyrese Gibson that was later deleted.
Dre got plenty of praise for the work he did building Beats Electronics into more than just a headphone maker.
“Beats has a unique brand—it speaks to a nice young demographic, which is really interesting to marketers,” said Peter Csathy, former president of Musicmatch, an early digital music purveyor acquired by Yahoo in 2004 for $160 million. “When I think about Beats, I think about it as a lifestyle, I think of it as a media company, not just a hardware and music-focused company.”
Despite the big price tag, Dr. Dre haggled Tom Brady for a big savings on the Brentwood mansion. The property had initially been listed for $50 million.