Jay-Z (a.k.a. Jigga, Hova, or Young Hov'; born Shawn Carter on December 4, 1969 in Brooklyn, New York) is a rap/hip hop performer and record label executive; one of the most popular and successful rappers of the late 1990s and early 2000s. Besides pursuing his own career, Jay-Z was one of the founders of Roc-a-Fella Records, a successful hip-hop label which also launched the careers of Beanie Sigel, Kanye West, Memphis Bleek, Young Gunz, Freeway, and others. Known for his metaphoric lines, freestyling abilities, crafty wordplay, and blending of street and popular hip hop, Jay-Z became one of the most respected rappers in the music industry before announcing his retirement from recording in 2004. Jay-Z was later appointed the new president and CEO of Def Jam Recordings. As of 2005, he is estimated to be worth $320 million, and is dating R&B singer Beyoncé Knowles.