it was recently revealed by Forbes that Dr Dre is highest paid hip hop musician and it appears that the rap mogul is attempting to save as much of his earnings as possible.
Dr. Dre, born Andre Young, recently based three of his companies in West Cork, Ireland, to help reduce his tax liability.
According to the Irish Examiner,
Dr. Dre recently established three companies in Clonakilty, Co Cork,
Ireland with a specialty firm named O’Mahony Donnelly, in order to take
advantage of country’s corporate tax ratecheck his statement."since I established O’Mahony Donnelly here in 2000 we’ve worked with a
number of multinational corporations to get them set up in Ireland,”
said Michael O’Mahony. “This has become a great niche for our firm.”
The mogul listed three businesses which have addresses listed with
O’Mahony Donnelly, a firm that specializes in helping clients like Dr.
Dre.
Much of the $100 million that Dr. Dre raked in last year came through
his Beats Electronics empire, which spans computers, headphones and
mobile phones
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