Dr. Dre: Tom Brady's LA Mansion Bought by Hip-Hop Star for $40 Million

Hip-Hop impresario Dr. Dre has bought the California mansion of Tom Brady and Gisele Bundchen for $40 million, wasting no time cashing in on his Beats deal with Apple.

Brady and Budnchen originally listed the home for $50 million, meaning Dr. Dre, whose real name is Andre Romelle Young, got it for a bargain price.

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Brady has no moat now?? RT @thebiglead: Tom Brady and Gisele Sold Their Moated L.A. Mansion to Dr. Dre for $40M http://t.co/SH0oRZCuGY

— Ian Rapoport (@RapSheet) June 4, 2014

Dre, 49, is the founder and chief executive of Aftermath Entertainment and Beats Electronics. In the last month, Apple purchased the Beats By Dre headphones company from founders Dr. Dre and Jimmy Iovine for $3 billion. The deal made Dre hip-hop's richest man.

"A sale for $3.2 billion would nearly double the value of Dre's holdings ... leaving him with a net worth in the neighborhood of $800 million," Forbes reported in May before the deal was done. "It's not quite enough to land on the Forbes 400, but it would easily make him hip-hop's richest man, topping current champion Diddy by $100 million."

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Brady and Bundchen's Brentwood, California, home has 18,298 square feet of living space that includes a center hall, a den, a library/study, a gym, a sauna, five bedrooms, nine bathrooms, covered terraces, balconies and garage space, along with seven fireplaces. It also has a cobblestone motor court and a moat.

Bündchen, 33, is the highest-earning supermodel in the world with a net worth of $290 million. Brady, 36, who has won three Super Bowls and been chosen for nine Pro Bowls, has a net worth of $120 million with his football salary and endorsements.

In March, the couple bought a condo in Manhattan for $14 million.