Lil' Wayne introduces Young Money

Young Money Entertainment aka Young Moula is an American hip hop record label which was founded in 2003. The founder was Lil Wayne and the distributing label is Universal Music Group. This label in an imprint of Cash Money Records of which Weezy was the president. On October 2, 2007, Wayne announced that he had given up his position to Cortez Bryant. Here is what he said in an interview with Vibe Magazine: "I just want everybody to know I am no longer the president of nothing. I gave Cortez Bryant the presidency of Young Money Records and I stepped down from any other positions... I am the president of me. I am me! I run nobody, I live in a different world with different laws."