Dre's $3M Monthly Burn
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Sam Parr shares a story about why Dr. Dre sold his music catalog, revealing his enormous monthly expenses.
"Dr. Dre did the same thing and people were like 'why would you do that?' Here's what happened: He recently got divorced and owed his wife half of what he had. He probably made $500 million off of Beats - half of that went to his wife.
Then there was another article that said in the divorce it was released that they were spending $3 million a month on travel and clothes. That's $36 million a year. So he actually probably needed the money."
Sam Parr
Host of MFM and fitness influencer
Sam Parr is a serial entrepreneur and business media pioneer.
In 2016, he founded The Hustle, a business news media company that started in his kitchen with just $12 and grew to eight figures in revenue.
Sam led the charge in making newsletters popular when few believed in their potential.
After four successful years, he sold The Hustle to HubSpot, a publicly traded company. Now operating as HubSpot Media, The Hustle reaches 3 million readers daily, employs a team of nearly 100, and has been the launchpad for dozens of its staff to found their own media companies and newsletters.
Sam remains the host of the popular business podcast, My First Million, and continues to start and sell companies. He also co-founded Hampton, a highly vetted community for entrepreneurs, founders, and CEOs, and teaches people to write better through his platform, Copy That.