Bryan Baby Williams, co-CEO of Cash Money Records, has made his first public statement on reports last month on the labels foray into the oil and natural gas industries.
As first reported on AllHipHop.com, Cash Money opened a website for Bronald Oil & Gas, an independent company focused on finding and utilizing oil and gas reserves in North and Central America.
In an interview with Ozone Magazine, Williams revealed that he also has his own oil company, and that hes been involved in the business for close to 5 years.
Ive been in the oil business about 4 or 5 years now. Thats something me and my brother decided to do outside of music, Baby explained. I read about oil a lot and I was able to get in business. [My company] is called Browner Oil, and Im making good money off that; thats something for my kids and my kids kids. They can live off that money forever.
The Bronald Oil & Gas company has been looking for investors to expand drilling opportunities that are both environmentally safe and lucrative.
With new albums from Drake and Nicki Minaj under development, and music to be released from Lil Wayne while he serves a 1 year jail sentence, Baby admitted that his oil business has not gotten as much attention as he would prefer.
But with the return hes had on it to date, Williams plans to put more resources into the project.
I did a few different deals. That was just one of them. When youre dealing with oil, you buy in different areas, Baby detailed. Right now Im active; I got pumps and shit that are getting money monthly. I like that oil shit. Im gonna put some more time into it.
Potential investors can contact Bronald Oil at http://bronald.com/about.php