Jay Z Nba (2024)

FAQs

Does Jay-Z still own Brooklyn? ›

Jay-Z held a minority stake in the Brooklyn Nets for nearly a decade. Over the next decade, Jay-Z and Beyonce were courtside regulars at Nets games. However, in 2013, Jay-Z sold his shares at a loss of 500,000 dollars due to his involvement in Roc Nation Sports.

Each of his eleven subsequent albums, including The Blueprint (2001), The Black Album (2003), American Gangster (2007), and 4:44 (2017), debuted atop the Billboard 200; Jay-Z holds the record for the most number-one albums (14) of any solo artist on the chart.

For those who don't know, LeBron James and Jay-Z have been friends before the basketball legend went to the NBA. James met Jay-Z a year before he got drafted in 2003 through a mutual friend, Williams Wesley, more famously known as World Wide Wes. Wesley first met James in 1999 when the future NBA superstar was 15.

Jay-Z purchased his stake in the Nets in January of 2004, investing a reported $1 million in the team. As of this fall, he held one-fifteenth of one percent of the Nets, according to the New York Times, but owned one fifth of one percent of the $1 billion Barclays Center.

People reported that Bezos may have a partner in his pursuit — rapper and producer Jay-Z, who previously held a small ownership stake in the Brooklyn Nets NBA franchise.

Brooklyn Nets - Jay-Z.

Even though the relationship has soured in recent years, the impeccable bond between them will forever live on through the music. Just as Jay-Z and Kanye West found a deep connection through music, you too can discover the transformative power of music through Beatmatch, the offline social app for music lovers.

Early in Curry's career, LeBron invited him to his home, where the two bonded. However, as Curry rose to NBA stardom, the relationship shifted into a competitive rivalry. In a 2024 interview with The Athletic, Curry described the dynamic as "a healthy resentment of somebody that's standing in your way."

According to Forbes, Jay-Z purchased a $2 million stake in Uber, the ride-sharing app, in 2013.

Update: According to a report from CBS Sports, there is no plan for JAY-Z to become part-owner of an NFL team. However, the report does stress that it doesn't mean it can't happen in the future. But, as of now, there is nothing written that says Jay will be part owner of a team.

Is Jay-Z still a Nets fan? ›

Last week, Jay-Z announced he was selling his ownership stake in the Brooklyn Nets. Today, he's explaining his decision to move on from the team. In an open letter posted on LifeandTimes.com, the Brooklyn-born rapper says becoming an owner was never about “an investment” and maintains he'll forever be a fan.

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.

Nets owner Joe Tsai is a co-founder and chairman of the Chinese multinational technology company Alibaba Group, meaning he has strong ties to the country. Combine that with his ownership of the NBA's Brooklyn Nets and the WNBA's New York Liberty, Tsai can bring both of his teams to play in China if he wants to.

Jay-Z achieved billionaire status through a combination of his successful music career, various business ventures (including Roc Nation and his clothing line Rocawear), and strategic investments in companies like Uber and Armand de Brignac.

JAY-Z is not quite done with his 40/40 Club. Despite reports of closure in 2023, JAY is looking to revive the legendary nightlife spot in New York City and is planning on reopening the spot in 2025 in a different location.