Forbes Released Its List of Richest Hip Hop Artists. #2 is Dr. Dre.

Andre “Dr. Dre” Young, 49, is a producer and rapper whose most recent successes relate to his headphone company. Beats by Dr. Dre is only around five years old, but the company’s annual sales reportedly exceed $1 billion and covers two-thirds of the headphone market, Forbes reports.

“He transformed something that plays audio into a fashion accessory,” Greenburg said. The recent addition in January of subscription service Beats Music and, before that, Beats Pill wireless speakers have contributed to the company’s transformation into a lifestyle brand, Greenburg adds.

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