Jay-Z "Fires" His Long-Time Business Manager "John Meneilly" -- Details Inside

There's been a lot of moves in the business end of hip-hop today. Beats sold to Apple, Jimmy Iovine stepped down at Interscope... and Jay Z parts ways with long-time business manager/partner, John Meneilly. According to the New York Daily News, the hip-hop mogul made the decision to end their relationship, not Meneilly.

However, other sources said the split was finalized months ago and it was mutual.

Neither party has commented on the report.

"Not much is known about John Meneilly, though he's been one of Jay-Z's most trusted managers and business advisors for years now, brokering all kinds of power moves in the upper echelon of the Roc Nation world," MySpace.com wrote of Meneilly back in July 2013, according to HHDX.

"What we do know: Jay shouted him out in his 'A Milli' remix ('And John Meneilly-onaire is my consigliore') and that he's tweeted just three times, twice to boast that neither Watch the Throne nor MCHG would leak. Good track record so far."