Jay Z, Beyonce Net Worth Is Up After Selling Brooklyn Nets

Jay Z, Beyonce Net Worth Is Up After Selling Brooklyn Nets

Jay Z and Beyonce’s net worth just skyrocketed after selling their stake in the Brooklyn Nets and the Barclay’s Center.

As previously reported by The Inquisitr, Jay Z sold his Brooklyn Nets stake to Jason Kidd at the beginning of the month.

Jason Kidd is the new head coach of the Brooklyn Nets and he reportedly paid $500,000 for half of Jay Z’s net worth in the team, which is apparently equal to just one-fifteenth of one percent. As a comparison, Russian billionaire Mikhail Prokhorov owns 80 percent and the entire Brooklyn Nets franchise is valued at $750 million.

Jay Z helped re-brand the Brooklyn Nets franchise after it moved from New Jersey. Jay Z also helped overhaul their look and the Jay Z brand name helped bring in a bigger audience. Despite selling his shares, Jay Z says he’s a “Brooklyn Nets forever” on his website.

Jay Z’s net worth after selling his Barclay’s Center stock netted him far more than the Nets, bringing in a cool $1.5 million. The Barclay’s Center is valued at $741 million and Jay Z’s ownership amounted to one-fifth of one percent.

So what is the total Beyonce and Jay Z net worth? Combined, the celebrity couple managed to bring in around $80 million between June 2012 and June 2013. Current estimates place their combined net worth at over $1 billion.

But, back in the summer, estimates for Jay Z’s net worth pegged him at $475 million. Interestingly enough, Jay Z claims most rapper lie about their net worth. For example, Nicki Minaj claimed to be a billionaire but her income was closer to $15 million. Even Jay Z exaggerated his net worth by rounding it up to half a billion. But who’s counting at that point?

But it’s possible Beyonce might be bringing more money to the table than Jay Z. The Watch the Throne album generated $1.4 million per night in America while Beyonce’s Mrs. Carter world tour averaged $2 million per night. But, again, who’s counting?

[Jay Z Image via landmarkmedia / Shutterstock.com]

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