Ronald Jay Williams is the co-founder of Cash Money Records, a company he founded with younger brother Bryan Williams in 1991.
In 1998, Cash Money signed a $30 million pressing and distribution contract with Universal, entitling the label to 85% of its royalties, 50% of its publishing revenues and ownership of all masters.
Cash Money recently marked the 10th anniversary of its groundbreaking deal with Universal Music Group, which over the years has produced hit albums by Juvenile, B.G., Turk, Big Tymers, Mannie Fresh, Hot Boys and Baby/Birdman, two of Bryan Williamsâ€™ hip-hop alter egos. The label has sold more than 45 million records.
The Williams brothers where featured in early 2009 on the CNBC special "NEWBOs: The Rise of America's New Black Overclass" which profiled several black multi-millionaires.