A major way to make major money is to buy or invest in businesses and then turn around and sell them. Former d-boy turned rap mogul, Jay-Z, quickly learned that lesson and has earned millions while soaring through his rap career and in business.

In a recent article, the NY Post reports that Jay-Z may be in talks to sell 50% of the 40/40 Club to the owners of the Palazzo and the Venetian. The owners, The Las Vegas Sands Corp., will be expected to pay Jay-Z…$44 million! The sale will make the 40/40 club the largest sports booking operation ever in Vegas. Patrons will be able to place bets right at their tables. That’s major! (Source)

Last week, media outlets reported that Kanye West is set to open up his first Fat Burger in Chicago, Illinois. The restaurant, scheduled to open in September, will be located at 15110 S. La Grange Road. It will be 2,353-square-foot and seat 74 people.

Kanye owns KW Foods LLC. His company has obtained the rights to build 10 , of the popular California-based fast food chain, in the Chicago area.

The second restaurant is scheduled to open in January 2009. (Source)