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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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8 Responses to “Jay Z, Beyonce Net Worth Is Up After Selling Brooklyn Nets”

  1. Anonymous

    It just doesn’t get any

    better than seeing the gorgeous “Mrs. Anita Pelaez” over at her and her

    husband “Captain Kutchie’s” place..Some Folks Also Call Him..”The

    KutchMan!”….(Anita and Kutchie’s Key West, Key Lime Pie Factory and

    Grill)…Just watching the lovely couple baking together all those Yummy

    Key Lime Pies at their Key Lime Pie Factory and Grill in Asheville.

    …It’s always worth the trip to visit them in they’re Historic Key Lime

    Pie Factory and Grill…It should be on everyone’s bucket list for

    sure..And The World’s Best Key Lime Pies!..YUM-YUM-YUM…..”Talk About

    World Class” What An Understatement!…….AAHHHHH!….The Magic Of The

    Lovely..”Mrs. Anita Pelaez” And Her Delicious Key Lime Pies Baked With

    Pure Love…Always……40 Years And They're Still Going Strong….

    ….May GOD Continue Blessing "Anita And Kutchie Pelaez" and They're World

    Famous Key Lime Pie Factory And Grill Where The Personalities, Ovens And

    Smiles Are Always Warm And Inviting. "Kutcharitaville" We Love You!…..

    …Now You Know Who Is The Hottest!…And Baby Let Me Tell You, Mrs. Anita Is No Act…She's The Real Thing Baby!…

  2. Thomas Anderson

    lol yeah loser you have much more than he does. It's the definition of the term, asshole – he didn't make it up that a stake represents ownership.

  3. Jon Alan's Elizabeth

    He should have stayed in at least til he grossed a million

  4. Cynthia Battle

    This whole article is full of possibles and maybes like a game of spades. Who the hell wrote this? Amateur.

  5. Joey Ruiz

    I thought they were worth A LOT more than that.. not that impressive specially when it's a combined Networth. The Dot.com bubble made some people richer overnight