Beats co-founder Dr. Dre is the “first billionaire in hip-hop”, according to a video featuring the producer and entrepreneur, which appears to confirm rumours of a $3.2 billion Apple buyout.

The clip, since removed from Facebook, was posted by by singer-songwriter Tyrese Gibson, with the caption, “Dr Dre ON THE night his deal went public that he did with Apple 3.2 BILLION!!!!” In the video, Gibson appears to be celebrating the deal with Dre and friends.

“The Forbes list just changed,” Gibson exclaims, referring to the publication’s famous list of the world’s billionaires before Dre adds, “In a big way.”