Jay-Z is stepping down from Def Jam President effective the end of this year. The rap mogul and Beyonce's main squeeze has been President of the rap label since 2005 and signed Rihanna and NeYo during that time. Love that song "Hate that I Love You"!!!
Right now we don't know of the reason for Jay-Z to step down but he will continue to record for the label.
"Now it's time for me to take on new challenges," he said in a statement. "I am pleased to have had the opportunity to build upon the Def Jam legacy," he added.
Could one of those "new challenges" be his rumored marriage to longtime girlfriend Beyonce' and possibly starting a fam? Wouldn't that be somethin'?
photo and source
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