Jay Z May Have Split From His Longtime Business Partner
Jay Z is a man about his business and he's standing alone.
The NY Daily News reports that he and longtime business manager, John Meneilly, have parted ways. While a source says the split was "amicable," an insider says that it wasn't Meneilly's decision.
Meneilly, a former Provident Financial executive, had a hand in building Hov's lucrative empire, specifically with the success of his Rocawear clothing line, which was sold for $200 million in 2007. He is also said to be responsible for Jay Z's game-changing Samsung deal, where the rapper instantly sold a million units of his Magna Carta, Holy Grail album upon release. Meneilly also reportedly led the charge at Roc Nation, Jay's label and sports agency.
The Brooklyn rapper-mogul has had a rough couple of weeks. After surveillance video of a squabble with Solange surfaced post-Met Gala, he was being forced to sit down in court for a deposition regarding the $7 million lawsuit over the Roc-a-Fella logo. His legal reps say they are trying to hold off the case while he and his wife, Beyonce, head out on their On The Run tour this summer.