Jay-Z Owns 1/15th Of 1 Percent Of Nets, But Still Holds Huge Influence
Black Enterprise Magazine July/August 2018 Issue

From The New York Times

When you look at Jay-Z’s involvement with the Brooklyn Nets, you would think he holds a huge stake in the team.

But the Brooklyn native known as Shawn Carter only owns a scant one-fifteenth of one percent of the team.

That’s a low number.

But despite that number, Jay-Z’s influence on the team through advertisements, jersey design decisions and branding is huge.

He has essentially rewritten the playbook for a celebrity owner.

Read more at The New York Times

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BLACK ENTERPRISE Editors

Black Enterprise is a black-owned multimedia company. Since the 1970s, its flagship product Black Enterprise magazine has covered African-American businesses with a readership of 3.7 million.


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