Jay Z owns less than 0.2 percent of the Barclays’ shareholder pie, but his stake is reportedly worth $1.5 million. Not a lot to one half of the wealthiest celebrity couple around, but it’s important if he’s going to grow his sports agency, Roc Nation—which includes Robinson Cano of the New York Yankees, Skylar Diggins of the WNBA, the Oklahoma City Thunder’s Kevin Durant, and Victor Cruz of the New York Giants.
Just a few weeks ago, we reported that Jay sold his portion of the Brooklyn Nets to the team’s coach, Jason Kidd for $500,000. The sale was one of the conditions of his new business venture. Now he’s doing the same with the Barclays Center, which has potential value in the hundreds of millions, according to The Huffington Post.
Though many have downplayed his stake in the team and the venue, the relationship has proven valuable on both sides, and Jay Z has used songs on his new album, “Magna Carta Holy Grail,” to let people know that his accomplishment is great.
“One-percent of a billion is more than these n—as ever seen; still, they want to act like it’s an every day thing,” was how Jay Z responded.