Few days ago, Jayz announced Desiree Perez as the CEO of Roc Nation, according to a press release. Perez will “lead development and growth across all aspects of Roc Nation including music, management, all new business development, philanthropy, publishing, touring, and TV and film development.”

Perez was most recently chief operating officer of Roc Nation; she will be taking over the role from the previous CEO, Jay Brown, who was named vice chairman. Both roles are effective immediately.

“Desiree is one of the most driven women I’ve ever met,” Atlantic Records COO and Co-chairman Julie Greenwald recently told Billboard.com. “I always kid her and say, ‘When are you taking a vacation?’ She never does, because she’s always working. She’s there morning, noon and night, really driving that business. Everyone looks at Roc Nation as synonymous with Jay-Z, but she’s really the engine that drives it.”

According to Crunchbase.com, Perez has been an associate of Jay-Z for two decades and has a long track record running his enterprises. She participated in the negotiation of the Beyoncé Formation stadium tour and played a large role in the Rihanna-Samsung deal. She has been in charge of operations at Roc Nation including labeling operations and publishing.

“I respect Desiree enormously,” UMG chairman/CEO Lucian Grainge told Billboard. “She’s tough yet extremely pragmatic and is someone you can do business with. Operationally, she’s very experienced and has the ability to resolve complex and difficult issues while maintaining a great sense of humor throughout the process.”

For Perez, this news comes the same week she was named “Executive of the Year” by Billboard, with the publication writing: “Desiree Perez has quietly become one of the most formidable figures in the music business.”

Brown, the former CEO who is now vice chairman, fostered and discovered superstar artists including Rihanna and Ne-Yo. He previously served as executive vice president of Def Jam Recordings from 2005 to 2008, and as senior vice president of Elektra Records from 1999 to 2004.

17-year-old Mikayla Lowry’s family was having financial difficulties, and the chance of her going to the university was quite slim.

However, all that changed after she attended Beyonce and Jay Z’s On the Run II concert. The young girl was to be the recipient of a scholarship worth over N36million courtesy of the power couple.

The good news was announced by rapper, DJ Khaled, and Mikayla and her friends got to know she was the receiver of the award after the rapper took to describing her.

Khaled described the winner of the scholarship as a future marine biologist and keystone vice president among other things.

The young girl could not contain her excitement and on camera, she said:

“I’m shaking! Thank you so much.’”

Beyonce and Jay Z hope to award up to N362.5 million worth of scholarships in 11 cities through the Shawn Carter Foundation and the BeyGOOD Initiative.




Credit: Naij.com

Jay Z and Beyonce’s combined income have crossed the billion dollar mark, according to Forbes.

According to Forbes:

Beyoncé and husband Jay Z are set to welcome twins this summer, joining their daughter Blue Ivy, 5. Buying new baby equipment shouldn’t be much of a problem: Beyoncé and Jay Z are now officially a billion-dollar couple.

Per Forbes’ list of America’s Wealthiest Self-Made Women–released today–Beyoncé, 35, has amassed a personal fortune of $350 million. The total for Jay Z, 47, has soared to $810 million per last week’s ranking of hip-hop’s richest acts (he trails No. 1 Diddy by just $10 million).

That brings the couple to a combined net worth of $1.16 billion and counting.

Couple’s goals.