Jay Z and J. Cole have a lot to smile about today (July 24). Hov's 'Magna Carta Holy Grail' retained its No. 1 position on the Billboard 200 chart, while Cole's 'Born Sinner' has achieved gold status.

According to Billboard, Jay Z's 'MCHG' pushed 129,000 copies in its second week of release, making it the first rap album in two years to spend two weeks at the top.

The last rapper to do that was Lil Wayne with his 'Tha Carter IV' LP in 2011.

Meanwhile, Hollywood Cole's 'Born Sinner' LP, which sold 27,000 copies last week, reached gold status with 506,000 units shipped in the U.S.

What's even more astounding is that Cole's LP went gold before Kanye West's album, 'Yeezus.' So this accomplishment has to be more fulfilling for the North Carolina emcee. If you remembered, critics were advising him not to drop his album on the same day as West's release. It looks like Cole's confident move is paying off.

Not only that, this is a big win for hip-hop. It's safe to say that in 2013, hip-hop rules the summer.

Congratulations to Jay Z and J. Cole on their achievements with their respective albums.

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