The usually very secretive Hov just released this song as a dedication to his new-born daughter Blue Ivy Carter,born on Saturday, January 7, 2012. During the song jay revealed that at one point Beyonce suffered a miscarriage trying to conceive.

With a net worth of around $550 million, Diddy has been picked by Forbes as the front runner to become hip-hop’s first billionaire. However, the Bad Boy CEO does have competition. Jay-Z ($450 million), Dr. Dre ($250 million),Birdman ($110 million) and 50 Cent ($100 million) are all in the running. Birdman thinks he will beat Diddy to the Forbes 400 list, “I think Young Money Cash Money would be the first billion-dollar brand in hip-hop,” said Birdman in an email message to Forbes. “We strong and growing every day as a brand and fast. Within the next few years we will be billionaires.” Meanwhile 50 Cent sees Hov as his main competition. He told Forbes’ Zack O’Malley Greenburg, that he and Jay-Z use each other for motivation. ”We use each other,” 50 explained. “If you’re in a category, you have to find someone you respect enough to consider a competitor. And then you use each other in positive ways. They make a good move, you make a good move. If there’s nobody for that, then there’s no inspiration.“ 50 did concede that Jigga has an unfair advantage, ”He cheated,” 50 said, grinning. “See, he hired this girl …“.

According to the New York Post, Jay-Z may replace National Economic Council Director, Larry Summers for President Obama’s 2012 campaign push.

“I can’t believe you’ve finally heard the chatter about him replacing Larry Summers,” Deputy White House Press Secretary William Burton told us. “In all seriousness, keep in mind he was pretty active during the 2008 election, so I don’t think it’d surprise anyone that he would be involved again. But it’s a little premature.”

Jay-Z pulled in $63 million over the past 12 months, earning him his second straight hip-hop cash crown. His income level places him in the 35% tax bracket, which means he’ll pay Uncle Sam about $22 million this year–a sum greater than the total earnings of any other rap star besides second-ranked Diddy.

1. Jay-Z – $63 Million (Crazy thing is Beyonce makes even more with 87 million)
2. Diddy – $30 Million (Take that, thake that)
3. Akon – $21 Million (Lady Gaga money must be looking nicccceee)
4. Lil Wayne – $20 Million (Don’t let Carter 3 producers see this)
5. Dr. Dre – $17 Million (Beats By Dre money?)
6. Ludacris – $16 Million (Theater of the Mind and Battles of the Sexes did their thing)
7. Snoop Dogg – $15 Million
8. Timbaland – $14 Million
9. Pharrell – $13 Million
10. Kanye West – $12 Million
11. Drake – $9 Million
11. T.I. – $ 9 Million
12. Swizz Beatz – $9 Million
14. Eminem – $8 Million
14.50 Cent – $8 Million
14. Young Jeezy – $8 Million
17. Common – $7 Million
18. Soulja Boy – $7 Million
18. T-Pain – $7 Million
20. Lil Jon – $5 Million
20. Gucci Mane – $5 Million

On Friday, June 18 Freeway Ricky’s legal team filed a trademark infringement lawsuit in the California U.S. District Court.

Jay-Z, who was responsible for signing Officer Ross to Def Jam in 2006 when he ran the label will be called on to testify in what is sure to be a very interesting trial.

Freeway Ricky is requesting a temporary restraining order and permanent injunction to block the release of Officer Ross’ new record, ‘Teflon Don‘.

He is also seeking half of all money made by the rapper, born William Leonard Roberts II while using his name.

Damn 50 Cent and Beanie Still throwing dirt on Jay Z, Shit really hitting the fan now.

Damn T-Pain Going In

Fabolous just reported from his twitter that T-Pain said “Fuck Jay Z, He Old”. on his twiiter.

@MyFabolousLife: Yo I’m at Rehab in Vegas.. T-Pain is DJ’ing.. Sayin Fuck JayZ, he old, blah blah.. guess its backlash from D.O.A..

The Game – I’m So Wavey (Jay-Z Diss)

No one on the corner got a swagger like you, cause no one on the F***ing corner is 42 – The Game

I guess this nikka really going in on Jay-Z

Jay mentioned The Game, Jim Jones, and Dame rather innocently during the performance, “I ain’t talkin’ about gossip, I ain’t talkin’ ’bout Game/I ain’t talkin’ about Jimmy, I ain’t talkin’ about Dame,” and The Game and Jim Jones were quick to respond. They both posted messages on Twitter, but that was just the beginning for The Game. He went into Internet thug mode, attacking Jay from any form of new media he could find. The most disrespectful shot coming at the expense of Jay’s wife Beyonce, during his performance in Spain.

“This ain’t about B/This ain’t about Destiny…You got a bad b*tch, word, ain’t no p*ssy like hers/Just ask the Mavericks, Cowboys and the Spurs/I mean, my b*tch don’t slang p*ssy like that/My b*tch slang p*ssy on a n*gga from the back, back, back/Black Wall Street”