Earlier this year Apple shelled out $3 billion to purchase Beats, the company founded by Jimmy Iovine and Dr. Dre. Though the latter quickly claimed to be hip-hop’s first billionaire, a nine-figure tax bill means that won’t happen immediately—but he’s well on his way. Continue…
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Written by Walter M. Kimbrough is the president of Dillard University, a liberal arts black college in New Orleans.
Why didn't Dr. Dre give it to a black college?
Make no mistake: This donation is historic. It appears to be the largest gift by a black man to any college or university, comparable to the gift Bill Cosby and his wife, Camille, gave to Spelman College in 1988. Some 25 years later, their $20-million gift (about $39 million in inflation-adjusted dollars) is still the largest-ever private gift to a historically black college. Dre gave USC almost triple the amount Oprah Winfrey has given Morehouse College over the years. Sean "Diddy" Combs gave $500,000 to Howard University in 1999, which he attended before launching a successful career.
A hip-hop icon is now the new black higher-ed philanthropy king. We've never seen a donation to rival this from any black celebrity — musician, athlete or actor — and that fact must be celebrated.
But as the president of a black college, it pains me as well. I can't help but wish that Dre's wealth, generated as it was by his largely black hip-hop fans, was coming back to support that community.