Jay Z Reportedly Selling His Share in the Barclays Center

Most Popular
Advertisement - Continue Reading Below

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.

Most Popular

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?

Celebrity
Share
All the Best-Dressed Men of the #MetGala2016
​​Key words: Idris Elba. ​
Celebrity
Share
Kate Upton Is Engaged!
​​She just revealed her engagement at the Met Gala.​
Celebrity
Share
Kendall Jenner Is Practically Naked at the Met Gala
​Robot chic = basically nude!
Celebrity
Share
All the Duos Giving Us Serious #CoupleGoals at the 2016 Met Gala
​😍​😍​😍​
Celebrity
Share
Chelsea Handler on That Time She Spent $200,000 to Meet a Guy, What Superpower She'd Have, and What's Next for Her Career
The '​Chelsea Does'​ star answers our rapid-fire quiz.​​
Celebrity
Share
Khloé Kardashian Says She's Done with Caitlyn Jenner on the Season Premiere of "KUWTK"
​"She can tell me to f--k off all she wants. I don't have a relationship with her."​
Celebrity
Share
Kerry Washington Is Reportedly Pregnant with Baby #2
​Yay!!​
Celebrity
Share
Alert: Matt LeBlanc and Matthew Perry Had a Mini 'Friends' Reunion
​Chandler and Joey are together in London again!​
Celebrity
Share
Jay Z and Blue Ivy Danced at Beyoncé's Show, Melted Hearts in the Process
BRB, crying from cuteness.
Celebrity
Share
Prankster/Superhero Chris Evans Scares Elizabeth Olsen in Her Dressing Room
​File under "Ellen Hijinks."​