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