Master P was the young thug. P.Miller was the young adult. Percy Miller is the businessman. Taking a cut out of the “I Change My Name Every Year” Diddy playbook, Master P has officially announced he is changing his name to his given name of Percy Miller for business and professional reasons.

Percy states “I’ve branched out into so many different arenas that range from being the first African-American to have a clothing line at Wal-Mart, to writing books, and speaking on Capitol Hill, but all that gets overshadowed because I come from the hip-hop industry. There’re a lot of people out there, who are afraid to grow up and change, but I’m not and P. Miller is the evolution of me, Percy Miller the entrepreneur, the business man.”

To his credit, Miller has definitely made it a priority to capitalize on business opportunities such as his Wal-Mart clothing deal that will offer urban styles for budget prices and he even has been developing a children’s cartoon character called Gee Gee the Magic Giraffe with his son Romeo.

• Video: Master P & Romeo’s trailer to “The Pig People”
• Master P with exclusive Wal-Mart clothing line
• Master P launches “shady” self-travel agency website
• Master P launches plus-size women’s fashion line “Miller Peaches”