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Young Money Entertainment , simply known as Young Money , is an American record label and group founded in 2003 by Lil Wayne . The label is an imprint of Cash Money Records, which is distributed by Universal. Cortez Bryant was originally the president of YM , but Mack Maine took over in 2009 so that Tez could focus more on managing other music artists. Since 2003, Young Mula has been on a steady rise to the top of hip-hop, starting from the streets of New Orleans to signing some of the biggest names in music.