In the November 2013 issue of famed publication Vanity Fair, Jay Z will be gracing the upcoming cover of the magazine. In the magazine's cover story written by Lisa Robinson, Hov opens up about selling drugs, his daughter's musical tastes his candid thoughts on Obama winning the election and responds to Forbes recent estimation of his $500 million dollar financial worth.

Speaking on his new sports agent venture, Jay Z offered some unusual insight into why his past as a drug-dealer will help him become a good sports agent.

“I know about budgets. I was a drug dealer,” he tells Vanity Fair. “To be in a drug deal, you need to know what you can spend, what you need to re-up. Or if you want to start some sort of barbershop or car wash—those were the businesses back then. Things you can get in easily to get out of [that] life. At some point, you have to have an exit strategy, because your window is very small; you’re going to get locked up or you’re going to die.”

Hov also offered his thoughts on whether his daughter, Blue Ivy, prefers the music of his father or his famed R&B singer mother, Beyoncé.

"She does like her mother’s music — she watches [Beyoncé’s concerts] on the computer every night." Jay Z revealed. "But my album came out and I don’t know if Blue ever heard any of my music prior to this album — she’s only 18 months old and I don’t play my music around the house. But this album was new, so we played it. And she loves all the songs. She plays a song and she goes, ‘More, Daddy, more . . . Daddy song.’ She’s my biggest fan. If no one bought the Magna Carta [album], the fact that she loves it so much, it gives me the greatest joy. And that’s not like a cliché. I’m really serious. Just to see her — ‘Daddy song, more, Daddy.’ She’s genuine, she’s honest, because she doesn’t know it makes me happy. She just wants to hear it"

You can read the entire story in the November 2013 issue of Vanity Fair, which will be on newsstands on October 8.