According to a report on mediatakeout.com Rapper Jay-Z lost $500,000 in a Las Vegas poker game last week.
Exerpt:
A person who was in attendance at the game told MediaTakeOut.com exclusively, "It was supposed to be a friendly game with everyone betting only [a few hundred dollars] a hand ... Jay Z was down only about [a thousand dollars] when he raised [another player] $500,000."
The insider explained to MediaTakeOut.com, "It was a bold move for Jay Z - unfortunately his pair of queens didn't beat [the other player's] flush." The source added, "There were professionals at the table, he really should have known better than that."
Aside from being a musician, Jay-Z is also the former president of Def Jam Recordings and Roc-A-Fella Records. He co-owns the 40/40 club and the New Jersey Nets.His estimated net worth is over half a billion dollars, so he can afford to do something this stupid.