Jay Z Reportedly Selling His Share in the Barclays Center

Karen Hill


Brooklyn native Jay Z is reportedly selling his share in the Barclays Center. According to Forbes, he is selling his stake in the Brooklyn-based arena he helped launch, just one year after its opening. Jay Z currently owns one-fifth of one percent of the venue. While that percentage may sound minuscule, it is reportedly worth $1.5 million. The Barclays Center’s total value is around $741 million.

The “Holy Grail” rapper has to sell shares due to conflicts with his sports agency Roc Nation Sports. The same conflict resulted in the rapper having to give up his share of The New York Nets, the team he was instrumental in bringing to Brooklyn to play at Barclays. Jay Z sold his one-fifteenth of one percent stake (valued at $500,000) to the Net’s head coach, Jason Kidd. 

Jay Z might have to give up his share in Barclays and other ventures, but let's be real; who needs the Barclays Center or The Nets when you’ve got Beyoncé? 

Photo Credit: Getty Images
the nets, barclays center, jay z
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Rebecca Shapiro is Marie Claire's senior editor. She previously worked at The Huffington Post and MSNBC’s “Morning Joe,” where she bonded with the wee early hours and Starbucks extra hot red eye lattes. She also possesses a totally reasonable hatred for umbrellas.

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Hallie is Marie Claire's social editor. Formerly the associate web editor of Real Beauty, Hallie is a 90s lipstick enthusiast and loves a good thick brow. When she's not writing or tweeting, she's probably continuing her ever-present search for the perfect platform boots to replace her broken pair. Ideas anyone? Follow her on Twitter @gouldhallie for a good time.

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