03/28/2008 02:45 am ET | Updated May 25, 2011

Jay-Z To Open An Ad Agency

JAY-Z is a Grammy-winning rapper, a club owner, a clothier, a fledgling hotelier, the part-owner of a basketball team and the former president of a record label. Now, he gets to add adman to his résumé.

Jay-Z -- real name, Shawn Carter -- is joining forces with another African-American entrepreneur, Steve Stoute, to open Translation Advertising in New York, an agency that will help marketers reach multicultural consumers.

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