The Oracle of Omaha aka Warren Buffett aka The 3rd Richest Person in the World partied with his new pal Jay-Z at the grand opening of the rapper’s 40/40 club in New York.

The Billionaire is seen here throwing up the infamous “Diamond ROC’ sign … And peep the pic below, you can only imagine the business deals that these two are cooking up for the future.

Roc Boys!!

Jeeeeeeezy is back!!!! ATL’s self-proclaimed TRAPSTAR has been cooking up TM103 for a minute now. After having a spot taken by the likes of Rick Ross, Jeezy is ready to snatch the streets back. On his latest joint “I do”, he recruits Mr 3 Stacks and Hov to drop some legendary verses.

This could be that joint that brings Jeezy back! Listen to it  or download it by CLICKING HERE.

Ever wondered who forms part of Kanye’s entourage?  The high-flying music impresario rolls with childhood friends, fashion afficionados and talented musos who offer him daily inspiration. Check who makes the cut:

Via NY Mag

1. Don C – Best Friend, Manager

The two grew up together in Chicago, and Don has been Kanye’s right-hand man since day one, first as a D.J.–road manager, now as general-access conduit to the throne.

2. Virgil Abloh – Lifestyle Creative Director

Oversees set design (he studied architecture and structural engineering); advises Kanye’s personal fashion choices and forays into the world of fashion, including Kanye’s aborted clothing line, Pastelle.

3. Pusha T – Guest Verse Assassin

Kanye guested on Pusha T’s Clipse track, “Kinda Like a Big Deal.” Pusha T laces West’s beats with his trademark overenunciated shit-talking (he’s got the primo spot on “Runaway”).

4. Ibn Jasper, a.k.a. Ferrari Murakami – Barber, Image Consultant, Shopping Companion

The Chicago stylist has been known to charge $1,500 a cut; Kanye presumably gets a wholesale discount. Assisted with Pastelle.

5. Gabe Tesoriero – Publicist

6. Taz Arnold – Creative Consultant

Kanye signed Taz’s group SA-RA, then became infatuated with his style. Now Taz has his label, Ti$a, and operates as a conduit between West and the fashion world; conceived the crew’s infamous trip to Paris’s 2009 Fashion Week

7. Mike Dean – Secret Studio Genius

The two met while mixing Scarface’s The Fix. Dean, a multi-instrumentalist (he even plays bassoon) famous for southern-rap production, executes West’s vision in the studio; the original instrumentation on the tracks is often Dean’s.

8. Cassius Clay Junior Stylist

West met the then-19-year-old Clay (that’s a family name) at Barneys. Impressed by Clay’s crest-embossed shoes, West persuaded him to leave Yale, and now Clay is assisting with Kanye’s new shoe for Stubbs and Wootton, makers of those lucky slip-ons.

9. Jay-Z – Mentor, Friend, Collaborator, Boss, Role Model, Rival

West made his name on Jay’s The Blueprint, recording beats for tracks including “Heart of the City.” Later, Jay Z signed West to Roc a fella. The two released a joint album, Watch the Throne, in 2011.

Stuntin’ 101 …

The highly-anticipated annual Forbes Hip Hop Cash Kings list is finally out. And Jay-Z has once again taken the no. 1 spot. Riding high off this week’s release of his collaborative album with Kanye West, “Watch the Throne, Jay-Z has once again proven that not only is he the top rapper in the game but also the top earner.

Jay-Z’s earnings stem from his portfolio of companies such as Rocawear, Roc Nation, New Jersey Nets, 40/40 Nightclubs, and not to mention income from his music and tours. Hot on Jigga’s heels is the indefatigable Diddy, founder and owner of Bad Bad Worldwide, an empire that consists of a successful clothing line, fragrances, record label and a deep catalogue that includes music from Notorious B.I.G, Mase, 112 and many others. Another major source of Diddy’s income this year was Ciroc Vodka.

Diddy struck a lucrative partnership with Diageo, producer of Ciroc, which requires him to market the product in exchange for a share of the profits. Since he started hawking Ciroc, the sales of the spirit have shot up by more than 400%.

The rest of the Top 10 is rounded up by Kanye West, Lil Wayne, Birdman, Eminem, Dr. Dre, Snoop Dogg, Akon and Ludacris. It’s also good to see fairly new artists like Wiz Khalifa, B.o.B and Nicki Minaj also making a pile of cash. See the full list below.

Cash Kings 2011: Hip-Hop’s Top 20 Earners

1. Jay-Z: $37 million
2. Diddy: $35 million
3. Kanye West: $16 million
4. Lil Wayne (tie): $15 million
4. Birdman (tie): $15 million
6. Eminem (tie): $14 million
6. Dr. Dre (tie): $14 million
6. Snoop Dogg (tie): $14 million
9. Akon: $13 million
10. Ludacris: $12 million
11. Wiz Khalifa (tie): $11 million
11. Drake (tie): $11 million
13. Pharrell Williams: $10 million
14. Timbaland: $7 million
15. Swizz Beatz (tie): $6.5 million
15. Nicki Minaj (tie): $6.5 million
17. Rick Ross (tie): $6 million
17. 50 Cent (tie): $6 million
17. Pitbull (tie): $6 million
20. T-Pain (tie): $5 million
20. B.o.B (tie): $5 million

Watch The Throne … Out August 1 … GENIUS.

Late last night, the duo dropped what seems to be their new single from their collabo album “Watch The Throne”. “Otis”, which samples the Otis Redding’s “Try a little tenderness”. You can download ‘Otis’ HERE.