Jay Z concerned about limited number of black executives in music industry

Jay-Z said he took the job as president of Def Jam Recordings in January because he needed a challenge and wanted to prove he's more than just a rapper and also the limited number of black executives in the music industry was a concern.

"I'd been in my comfort zone for a while," the entrepreneur told The New York Times. "I was bored. I didn't want to be doing rap just to do it: Oh, it's November again. Time to put out another record."

Jay-Z, a.k.a. Shawn Carter, said, "I know people think that this is a vanity job or that I'm the guy that just brings in talent and I'm out of the office three months a year and I only come in once in a while," he said. "But yes, I'm really there."

Jay-Z, is a co-founder of Roc-A-Fella Records and clothing company, and has released 10 albums that sold more than 33 million copies.