Hip-Hop Entrepreneur
Apart from being President and CEO of Def Jam Recordings, Jay-Z is also one of the owners and founders of the Roc-A-Fella empire, which includes Roc-A-Fella Records, Roc-La-Familia, Roc-A-Fella Films and Rocawear. At heart, Jay-Z is an entrepreneur like his fellow hip-hop-moguls-turned-friends Russell Simmons and Sean “Diddy” Combs, who also have business holdings such as record companies and clothing lines. He redirected the hip hop culture from hooded sweatshirts and baggy jeans to button-ups and crisp jeans, and received GQ’s International Man of the Year award.
Roc-A-Fella Records
Jay-Z co-founded Roc-A-Fella Records with partners Damon Dash and Kareem “Biggs” Burke. Def Jam purchased a 50% stake in the company in 1997 for a reported $1.5 million. In late 2004, Jay-Z, Dame Dash and Biggs sold their remaining interests in Roc-A-Fella Records and the label was retained as an Island Def Jam imprint. Soon thereafter Jay-Z was appointed the new President and CEO of Def Jam Recordings by Island Def Jam chairman L.A. Reid. Reportedly this major industry move was prompted by disagreement between Jay-Z and Dash as to what new ventures Roc-A-Fella could undertake. The publicized split between Jay, Dash and Biggs led to the former partners sending jabs at each other in interviews. Dame Dash has made comment that after the break up he was portrayed as “Osama Bin Laden” to ensure that rappers would stay with Jay and not sign with him.[8] Dash currently operates the recently-founded Dame Dash Music Group as a joint venture with Island Def Jam producing former Roc-A-Fella artists such as Beanie Sigel.
Rocawear and Fashion
Co-founded in 1999 by Jay-Z, Damon Dash and Kareem “Biggs” Burke, Rocawear designed for and sought out a share of the lucrative urban fashion market already being capitalized on by labels like Phat Farm. In 2005, Jay-Z bought out Rocawear co-founder Dash for an estimated $30 million and has sought to expand the company’s reach by developing the S. Carter high-end clothing line. Jay also has a line of Reebok sneakers aptly named The S.Carter Collection, which holds the record for fastest-selling Reebok shoe in history [9] and made him the first non-athlete to have a signature line of sneakers. In the spring of 2006, he is in collaboration with Swiss luxury-watch maker Audemars Piguet.
I believe this account speaks for its self. Do I stand corrected?
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July 21, 2009 at 7:41 am
Jay Z, I’m unimpressed with 50 Cent.
July 21, 2009 at 9:16 am
I SAY THAT IT IS JAYZ ITS TRUE THAT
50 CENT HAS MADE A LOT OF MONEY BUT JAY HAS HIM BEAT. HE IS WORTH MILLIONS
July 21, 2009 at 2:30 pm
Jay-Z by FAR!
July 21, 2009 at 8:05 pm
Jay-Z, all the way!!!
-Ash
July 21, 2009 at 9:31 pm
Neither one is worth ****. They both brag about how they come the hood but what have they done for their communities. All they do is talk about what they have and all the women they ****** and they do **** to help other people who were once just like them. The best black entrprenuer of all time is Oprah and I don’t give a **** about what anyone has to say.