Hip-hop mogul Jay-Z is set to become even richer with a reported $20 million deal with Samsung Mobile. Beyonce's husband is said to be collaborating with the mobile phone giant on multiple projects.

Details are scant regarding the alleged deal, but it will allegedly allow the rap superstar to create a social media network that will promote his music.

"The eight-figure deal will be inked in the next few weeks, and is the biggest of its kind. You can speculate that he'll want to develop some kind of new music-streaming service to promote his acts and music on mobile devices," a source told NY Post's Page Six.

Jay-Z recently launched Roc Nation Sports, a sports management agency, and has already secured several names, including Robinson Cano of the New York Yankees and Victor Cruz of the New York Giants,

Philadelphia Eagles wide receiver DeSean Jackson has reportedly signed with the rapper's sports agency as well.

Aside from being a music/business tycoon, Jay-Z is also busy being a dad to Blue Ivy, his 1-year-old daughter with Beyonce.

Perhaps thinking that his songs aren't exactly baby-friendly, the 43-year-old father has turned 12 of his most popular songs into lullabies. "Rockabye Baby! Lullaby Renditions of Jay-Z" included lullaby renditions of "Empire State of Mind," Hard Knock Life (Ghetto Anthem)" "Run This Town," and "'03 Bonnie & Clyde."

The baby-friendly album will be available on July 9.