He”s got a hand in all sorts of different business ventures, but with Jay Z”s foray into the world of sports agency, he”ll have to divest himself of a couple of current holdings.
In order to start up Roc Nation Sports, Jay Z sold his share of the Brooklyn Nets and has to get rid of his Barclays Center ownership portion (less than one fifth of one percent).
According to Forbes, his stake in Barclays would sell for about $1.5 million. In the first half of 2013, Barclays was the top-grossing venue in the country.
A division of Roc Nation, the sports management section focuses on elevating athletes career on a global scale both on and off the field. The company currently boasts athletes including Kevin Durant and Victor Cruz.