Dr. Dre and Jimmy Iovine made such a large donation to the University of Southern California that they're getting an entire school named after them! Find out about their new school inside....
Recording industry legends Dr. Dre and Jimmy Iovine recently blessed the University of Southern California with a $70 million donation. In return, the university will use the endowment to create the Jimmy Iovine and Andre Young Academy for Arts, Technology and the Business of Innovation.
Launching next year, the four year program will offer undergraduate courses in entrepreneurship; technology, art, design and marketing. How fun will that major be?!
USC President C.L. Max Nikias thanks the moguls in a statement,
"The vision and generosity of Jimmy Iovine and Andre Young will profoundly influence the way all of us perceive and experience artistic media. USC provides an extraordinarily rich academic, research and artistic environment. We are committed to encouraging our students to use their intellectual and creative resources to effect change in all segments of society. Our goal is to ensure that the academy is the most collaborative educational program in the world."
The academy will enroll its first class of 25 students in the fall of 2014.
Dre was named as the #3 Hip Hop Cash King last year by FORBES. And the #1 musician based on his income. His networth was around $260 mill last year, and he even raked in $110 mill at the end of last year thanks to the $300 mill sell of his BEATS headphones to HTC. So it's good to see him giving back to the youngins who spend their dollars on his headphones.
Great job Dre & Jimmy!