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Jay Z learnt business acumen from drug dealing

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Press Trust of India London
Last Updated : Oct 02 2013 | 7:45 AM IST
Rapper Jay Z found it easy setting up his record label Roc Nation after learning business tactics from illegally dealing drugs on the street.
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, reported 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," he said.
The 43-year-old now a reformed family man, wishes he had got out of the drug scene earlier and thought about the big picture instead of focusing on the instant cash.
"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."
Jay Z is married to Beyonce and raise daughter Blue Ivy with her.

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First Published: Oct 02 2013 | 7:45 AM IST

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