Is Jay-Z Cashing Out?

August 13, 2008 | by The MavencloseAuthor: The Maven Name: The Maven Report
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Ever wonder how much Jay-Z’s 50% stake in the 40/40 Club is worth? How does a cool $44 million sound?

Apparently, he’s in talks with Las Vegas Sands Corp. to sell 50% of the successful sports club. The deal would add the 40/40 Club to their portfolio which includes the Venetian and the Palazzo.

That would 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.

Now Jay-Z’s only a part owner in the franchise, so we’re not sure if it’s a 50% stake in the entire operation or just his share of the company. Nonetheless, Jay-Z is about to become a whole lot richer.

He’s not a businessman, he’s a business, man!