Jay Z learnt business acumen from drug dealing

Oct 1 2013, 5:22am CDT | by Bang Showbiz

Jay Z learnt business acumen from drug dealing

Jay Z leant his business skills from dealing drugs.

The hip-hop mogul found it easy to set up his Roc Nation record label and build a musical empire because he already had years of experience illegally selling crack on the streets of Brooklyn in New York City.

He told Vanity Fair magazine: "I know about budgets. I was a drug dealer. To be in a drug deal, you need to know what you can spend, what you need to re-up."

The 43-year-old reformed family man - who has 20-month-old daughter Blue Ivy with his wife Beyonce - wishes he had got out of the drug scene earlier and thought about the big picture instead of focusing on the instant cash.

Jay Z added: "Not until later [did I have regrets], when I realised the effects on the community. I started looking at the community on the whole, but in the beginning, no.

"I was thinking about surviving. I was thinking about improving my situation. I was thinking about buying clothes."

The music mogul is reported to have raked in $42 million in the past year, adding to a net worth of about $475 million, a far cry from his original "exit strategy" of setting up a barbershop.

Jay added: "If you want to start some sort of barbershop or carwash - those were the businesses back then. Things you can get in easily to get out of [that] life.

"You have to have an exit strategy, because your window [for dealing drugs] is very small. You're going to get locked up or you're going to die."

Source: Bang Showbiz

 
 
 

blog comments powered by Disqus

Latest stories

Avril Lavigne Instagram Hottest Photos
Avril Lavigne Instagram Hottest Photos
Instagram is more popular than ever and what is not to like? Instagram is the place where you can find the hottest photos of your favorite celebrities. The Avril Lavigne Instagram account has lots of hot photos....
 
 
Ronda Rousey Instagram Hottest Photos
Ronda Rousey Instagram Hottest Photos
Instagram is more popular than ever and what is not to like? Instagram is the place where you can find the hottest photos of your favorite celebrities. The Ronda Rousey Instagram account has lots of hot photos. See...
 
 
Ronda Rousey Instagram Hottest Photos
Ronda Rousey Instagram Hottest Photos
Instagram is more popular than ever and what is not to like? Instagram is the place where you can find the hottest photos of your favorite celebrities. The Ronda Rousey Instagram account has lots of hot photos. See...
 
 
Kate Beckinsale Instagram Hottest Photos
Kate Beckinsale Instagram Hottest Photos
Instagram is more popular than ever and what is not to like? Instagram is the place where you can find the hottest photos of your favorite celebrities. The Kate Beckinsale Instagram account has lots of hot photos....
 
 
 

Latest from the Network

Australian researcher discovers first artwork by early human
Sydney, Dec 4 (IANS) An Australian researcher has discovered what is believed to be the first artwork created by a human. The simple zigzag pattern found on a fossilized shell from the Indonesian island of Java has...
Read more on Celebrity Balla
 
Insects compete with rats to clear garbage
New York, Dec 4 (IANS) Insects play a very important role in cleaning up cities and they compete with other pests like rats and pigeons in their endeavour, a study has said. Scientists sampled arthropods - such as...
Read more on Business Balla
 
School headmaster shot dead in Pakistan
Islamabad, Dec 4 (IANS) Unidentified gunmen Thursday killed the headmaster of a private school in Pakistan's Balochistan province. Police officials said the armed men opened fire at the vehicle of Zahid Ali,...
Read more on Politics Balla
 
Four more bodies recovered from sunken South Korean ship
Seoul, Dec 4 (IANS) Four more bodies were recovered Thursday from a sunken South Korean fishing ship in the Bering Sea, the foreign ministry here said. This increased the toll to 16, including six South Koreans and 10...
Read more on Politics Balla
 
Lesbian couple asked to desist in London restaurant
London, Dec 4 (IANS) A lesbian couple in a London restaurant was asked to desist by a staff member, who asked them to "stop what you are doing". Lydia Cawson, 29, said that she and her girlfriend were asked by a staff...
Read more on Politics Balla
 
Oxford Dictionaries to add 1,000 new words
London, Dec 4 (IANS) 'Mamil' (middle-aged man in Lycra), 'silvertail' (a person who is socially prominent or who displays social aspirations) and 'crony capitalism' are among the 1,000 new words to be added to...
Read more on Celebrity Balla
 
Oceans play key role in global 'warming hiatus'
London, Dec 4 (IANS) Increased heat uptake across three oceans - North Atlantic, the Southern Ocean and Equatorial Pacific Ocean - is the likely cause of the 'warming hiatus' -- the current decade-long slowdown in...
Read more on Politics Balla
 
Novel imaging to identify if TB drugs are working
Washington, Dec 4 (IANS) Tuberculosis patients who are not cured of the infection can develop multi-drug resistant TB and have to take as many as six drugs for two years. Now, researchers at University of Pittsburgh...
Read more on Business Balla
 
PM makes first appointment to High Court of Australia
Canberra, Dec 4 (IANS) Prime Minister Tony Abbott's government Thursday appointed former Victorian Supreme Court judge Geoffrey Nettle as the next Justice of the High Court of Australia. Attorney General George...
Read more on Politics Balla
 
18 suspected militants killed in Pakistan airstrikes
Islamabad, Dec 4 (IANS) At least 18 suspected militants were killed Thursday in airstrikes conducted by Pakistan Air Force fighter jets in North Waziristan. According to officials, the airstrikes were conducted in...
Read more on Politics Balla