CMG label executive and mogul Yo Gotti recently revealed that Black Album billionaire Jay-Z inspired him to go back to school after discussing the new social media trend that asks fans whether they would rather have “$500K or a dinner with JAY-Z?”
In an interview with the esteemed business magazine Forbes, the multi-millionaire unveiled that he was in awe of how the Brooklyn lyricist (real name Shawn Carter) has navigated the industry over the years without a college degree.
During the interview, which dropped on February 23rd, the industry figure admitted that he wanted to further his business acumen and, therefore, had taken classes at UCLA’s Anderson School of Management. A module that focuses specifically on business concepts such as corporate valuation.
Speaking about why he felt it was essential to go back to college, Yo Gotti (real name Mario Mims) explained, “I may want to buy a company or acquire another company, so I’m making sure I’m super tight and understand the language and the verbiage myself other than listening to financial experts.”
Jay-Z has previously praised Mims and highlighted that his $100million empire is evidence he has a knack for business, stating, “[It’s] evident in every move [Gotti] makes, breaking the mould of the old-guard definition of an executive.”
Yo Gotti has signed a lot of artists over the years and his CMG Music Group is home to artists including Moneybagg Yo, GloRilla and Blac Youngsta. Mims also holds a minority stake in the MLS soccer team DC United and owns the restaurant Prive in Memphis.
Discussing his financial security with Forbes, Yo Gotti professed, “If I never wrote another rap again, I’m financially straight. My whole career, I was setting up for that.” Although Mims is not quite the billionaire Carter is, he is said to be worth approximately $60 million.
You can hear Yo Gotti speak abut how he has built his empire thus far below.
