By Erika Ramirez, New York

Jay-Z took to Twitter today (August 3) to correct the report that Rocawear was buying Pharrell's Billionaire Boy Club. "Partnering with @4real4rell on BBC" follow him.. (Not "buying" as GQ erroneously reported.)," Jay tweeted.

Hov is expanding his empire. Rocawear -- co-founded and overseen by the MC and owned by Iconix Brand Group -- will be partnering withBillionaire Boys Club, not owning "the licensing to manufacture and distribute Billionaire Boys Club," as GQ had reported.

Photos: Jay-Z and Kanye West's 'Watch the Throne' Planetarium Listening Party

Jay-Z and Pharrell will be working together to heighten the success of the Neptunes' Pharrell Williams and Nigo's clothing establishment, sources tell GQ.