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Does Jay-Z own a part of the Nets?

Samuel Coleman January 7th, 2026 at 10:35 PM

Jay Z will no longer maintain minority ownership in the Brooklyn Nets after selling his small stake in the team to new head coach Jason Kidd, the New York Post reports.

Does Jay-Z still own a portion of the Brooklyn Nets?

“Our newest endeavor is committed to building the brands of professional athletes as we have done for some of today's top music artists… For Roc Nation Sports to function at its full potential, NBA rules stipulate that I relinquish my ownership in the Brooklyn Nets.”

What percentage of Nets does Jay-Z own?

Sources report that Brooklyn Nets co-owner, Jay-Z, actually only owns 1% of the franchise which he purchased for approximately (only) 4.5 million dollars!

Is Jay-Z minority owner of the Nets?

Jay owned a small minority stake, said to be 1/15th of 1%, in the Nets from 2003 until 2013. He was also one of the leaders in the marketing for the team and helped encourage the move from New Jersey to the Barclays Center in Brooklyn.

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What team is Jay-Z part-owner of?

Jay-Z is already an owner of a professional sports team, being part-owner of NBA team, the Brooklyn Nets. However, his journey to own an NFL team will be a tough assignment as multiple sources are saying that Amazon founder Jeff Bezos is one who is interested in purchasing the Broncos.

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Does Jay-Z own Uber?

In all likelihood, the investment that landed Jay-Z entering the billionaire club involved a company you probably know—one that started out as an obscure ridesharing app in San Francisco. Back when Uber's focus was still black cars, Jay-Z agreed to invest $2 million in the fledgling company.

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Does Jay-Z own half of NFL?

But, according to the source, “Jay is not an NFL agent and does not take part in the operations of the NFL players in Roc Nation.” On Tuesday, it was announced that Roc Nation and the NFL entered in a partnership together.

Does Jay-Z own Barclays Center?

Jay-Z still owns a small share of Brooklyn arena Barclays Center ("one fifth of one percent," according to Forbes), but he relinquished his stake on the Brooklyn Nets in 2013.

What businesses does Jay-Z own?

Jay-Z The Business Man

Tidal. TIDAL was launched in 2014 as subscription-based music, podcast, and video streaming service. ...
Rocawear. In 1999, Jay-Z and Damon Dash created the clothing line Rocawear. ...
Real Estate. ...
Ace Of Spades. ...
D'Ussé ...
Roc Nation Sports. ...
Investments.

Does Jay-Z own a baseball team?

Jay-Z sold his stake in the franchise in 2013 upon launching his career representing professional athletes through Roc Nation Sports. Hip-hop's first billionaire would need partners to purchase the Broncos.

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Jay-Z, aka Sean Carter, held a tiny piece of the Nets for 10 years, from 2003 till 2013 when he was forced to sell to avoid a potential conflict of interest as a player agent.

What basketball team does Beyonce own?

"It's been my great joy and honor to own the Houston Rockets for the past 24 years. ... I'll always have a special place in my heart for the fans, partners, city officials and employees who care so deeply for this team.

Does Jay-Z own the NBA?

Jay-Z was seen sitting on the floor at the game between the Brooklyn Nets and Charlotte Hornets. The photo of the famous rapper at the game can be seen in a tweet that is embedded below from the Twitter account of the Nets. He has long been tied to the franchise, because he became a part-owner of the franchise in 2003.

Does Jay-Z still own 40 40 Club?

The 40/40 Club, an upscale sports bar, nightclub and restaurant in Atlantic City, has waved-in its last celebrity.

What NBA team does Michael Jordan own?

In March 2010, Jordan became the majority owner of the Charlotte Bobcats, after four years as part of the team's ownership group and its Managing Member of Basketball Operations. Jordan is the first former player to become the majority owner of an NBA franchise.

What does Jay-Z own in the NFL?

Jay-Z Eyeing $4 Billion Deal to Become 1st Black NFL Owner of Denver Broncos.

Does Jay-Z own ace of spades?

Armand de Brignac — which is widely known as “Ace of Spades” due to its logo — was launched by French Champagne company, Cattier, in 2006, then purchased by a company led by Jay-Z in 2014. A press release touted the brand as a “worldwide success” that sold over 500,000 bottles in 2019.

Does Jay-Z own Spotify?

To celebrate his 50h, the artist better known as Jay Z has returned his entire music catalog to Spotify where he's sure to cash in on this gift to subscribers. Jay Z owns the rival music streaming service Tidal.

Did Jay-Z sell the Nets?

Jay-Z announced Friday that he will be selling his 0.15% ownership stake in the Brooklyn Nets, the pro basketball team he helped bring to Brooklyn from New Jersey.

Are there any black NFL owners?

There has never been a Black owner in the NFL. With the Denver Broncos up for sale, NFL commissioner Roger Goodell said during the Super Bowl last week that the league would ”love to see a diverse owner'' to buy that franchise.

How much is Jay-Z net worth?

Other returning billionaires who made fortunes in entertainment include director Steven Spielberg, who landed at #801 with a $3.7 billion net worth; rapper Jay-Z, who landed at #2,076 with a $1.3 billion net worth; talk show host Oprah Winfrey, who landed at #1,196 with a $2.6 billion net worth; and filmmaker Tyler ...

What rapper tried to buy an NFL team?

Kanye West Wants To Buy NFL Team Denver Broncos | HipHopDX.

What companies does Beyoncé own?

Beyoncé's ventures include records, a streaming music service, modeling and serving as a spokeswoman for Pepsi and L'Oreal, fashion labels, and film production. Beyoncé's company is called Parkwood Entertainment.