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After donating $70 million to the University of Southern California this week, Jimmy Iovine introduced Dre during yesterday’s commencement ceremony. Here’s what the good Doc prescribed.

“I am excited and I am proud to now be a member of the Trojan family. I would also like to say congratulations to the University of Southern California’s Class of 2013.”

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Recession? What recession? Later today, Dr. Dre and business partner Jimmy Iovine will donate $70 million to the University of Southern California. The endowment will be used to create the Jimmy Iovine and Andre Young Academy for Arts, Technology and the Business of Innovation.

Set to launch in Fall 2014, the four-year program will offer undergrads courses in entrepreneurship; technology, art, design and marketing. In a statement, USC President C.L. Max Nikias says:

“The vision and generosity of Jimmy Iovine and Andre Young will profoundly influence the way all of us perceive and experience artistic media. Our goal is to ensure that the academy is the most collaborative educational program in the world.”

It’s all Benjamins for real. Once again, Sean Combs reigns supreme as Forbes wealthiest hip hop mogul with an estimated $580 million net worth.

“It is one of the fastest-growing brands within vodka,” says Jack Russo, an equity analyst at Edward Jones & Co. “Consumers are feeling a little bit better about their situation, and with that, they’re willing to spend more on premium products.”

2. Jay-Z – $475 million

3. Dr. Dre – $350 million

4. Birdman – $150 million

5. 50 Cent – $125 million

The doc checked in with Big Boi’s Neighborhood on Power 106 this morning. He touches on his $60 million deal to launch his Beats Music Service “Daisy” and confirms that Eminem is wrapping up his next solo album.

Sidebar: Congrats Fuzz

King James and the Doc graces the cover of ESPN’s upcoming music issue. After the jump, check out the brief behind the scenes look of their shoot. Issue hits stands this Friday.

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After claiming Forbes’ 2012 Cash King, the Doc remains on top as the highest paid musician with $110 million. Trailing behind is Rihanna (#12 / $53m), Diddy (#15 / $45m), Beyoncé (#18 / $40m), Jay-Z (#20 / $38m) and Kanye (#22 / $35m). Forbes says:

Hip-hop superproducer Dr. Dre leads the pack this year with $110 million, thanks largely to his Beats headphone line. He collected $100 million pretax when handset maker HTC paid $300 million for a 51% stake in the company last year, at the beginning of our scoring period; he and his partners later bought back half of what they sold.

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Following last Friday’s show, Kendrick helped Dr. Dre celebrate Beats By Dre at London’s Rose Club. With the Ciroc flowing and K-Dot performing, here’s a recap of the event.

Kendrick brought his tour to Club Nokia last night for two shows and a whole lot of guests. Dr. Dre made his presence and assisted K-Dot on their first live performance of “Compton” followed by “The Recipe”.

Below, K-Dot is joined by Game for “The City”, Big Sean crashes “Swimming Pools” and  T.I.P. hits the stage for  ”Go Get It” and “What You Know”. Footage courtesy of 99.1% x LA Leakers.

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Ain’t no city quite like theirs. So with Just Blaze on the track, K-Dot and the Doc rep the C-P-T on Kendrick’s latest offering. good kid m.A.A.d city drops October 22. Tracklist below. Pre-order here.

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Due to his $110 million profits from his Beats by Dre headphones, the Doc comes in at numero 5 on Forbes highest-paid celebrity list as the only Hip-Hop celebrity. Full list here.

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