/  07.30.2021

JAY-Z is reportedly looking to reopen his famed 40/40 Club the right way.

According to a Friday (July 30) report from Page Six, JAY is looking to hire 100 new employees ahead of the club’s Aug. 4 reopening in Madison Square. There are reportedly going to be auditions for bartender positions between 1 p.m. and 5 p.m. EST this Saturday and Sunday. Waitstaff will reportedly get paid $20 an hour.

“Jay is attempting to stimulate the food and nightlife economy in NYC,” a source told the site of Hov’s plans.

JAY launched the chain of sports bars back in 2003, and they’ve been frequented by pop culture icons ever since. The Madison Square spot closed down during the COVID-19 pandemic last year, but it’s obviously coming back soon.

This move was reported around the same time it was revealed that JAY-Z and Will Smith invested in Landis Technologies, a startup company that helps low-income renters become homeowners. The goal is reportedly for 80% of renters to become owners within the next two years.

“Financial inclusion is really important to us,” Landis co-founder Cyril Berdugo said in a statement. “An aspect of Landis that we’re very proud to be a part of is wealth creation for low-income Americans. We make money when our client buys the house back. If we leave money on the table, that’s our problem.”

“What makes Landis unique is our ability to coach anyone to homeownership,” he added. “This new funding will allow us to help more Americans on their path to homeownership by expanding to new states, hiring talent nationwide and providing a better experience to our clients and partner agents and lenders.”

Clearly, Hov is making a bunch of moves in a variety of spaces. Maybe he’ll take some time to celebrate them at the 40/40 Club when it reopens next week.


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