Jay-Z Cashes Out

August 13, 2008 By:
Jay-Z Cashes Out

He's not a businessman, he's a business, man! Jay-Z is about to become a whole lot richer.

Rumor has it that he's in talks to sell 50% of his super successful sports club, 40/40 to the Las Vegas Sands Corp., which includes the owners of the Venetian and the Palazzo.

An insider said, "That will make the 40/40 club in Vegas the largest sports booking operation. People can gamble both at the tables and on games. The Sands will also have the right to open 40/40 clubs in London and across Europe."

Just how much is his 50% stake worth? A cool $44 million!