Jimmy Iovine, the veteran music industry producer and executive, will become a billionaire if Apple Inc. completes a deal to buy Beats Electronics LLC for $3.2 billion.
The Interscope Geffen A&M Records chairman formed Beats, a luxury headphone maker and music-streaming service, in 2006 with hip-hop artist Dr. Dre, whose real name is Andre Young. The two built the company into one of the electronics industry’s leading high-end makers of music accessories.
