You probably did because he always acts like he is king shite because he "owns" The Nets"!
I know he doesn't own the nets,FWIW I don't think I've ever heard him say he owns the Nets. Honestly I think the bigger part of the deal for him, was a stake in Barclays center.
Jay-Z purchased his stake in the Nets in January of 2004, investing a reported $1 million in the team. As of this fall, he held one-fifteenth of one percent of the Nets, according to the New York Times, but owned one fifth of one percent of the $1 billion Barclays Center. By FORBES’s estimates, the former stake is worth $350,000; the latter is worth $2 million.
What seems most likely is that, in preparation for the launch of Roc Nation Sports, Jay-Z began converting equity in the team into a stake in the Barclays Center, which he’d still be allowed to own as an agent.
Whether or not Jay-Z poured more money into the Nets beyond his initial investment, however, remains unclear. Assuming he did not, that would mean he turned $1 million into $2.35 million over the course of nine years, a gain of 135%. Over the same period of time, Warren Buffett’s Berkshire Hathaway stock has risen by about 85%.
And Jay-Z’s investment will continue to pay dividends–though he has confirmed the end of his career as a Nets co-owner, it appears he’ll hang on to his Barclays Center stake.
This post was edited on 9/4 at 10:45 am