Which Rapper Owns a NBA Team?
When you think of a typical NBA owner, a certain image probably comes to mind. You might think of an older, wealthy individual who is well established in the business world. But what if we told you that a few NBA teams are now owned by some of your favorite rappers?
The National Basketball Association (NBA) is the most successful professional basketball league in the world, with some of the most recognizable teams, players, and owners. Over the years, some of the world’s most successful rappers have taken an interest in owning a piece of the action.
In this article, we’ll take a look at which rappers have taken the plunge and now own NBA teams. We’ll also explore the various ways in which these musical moguls are helping to shape the future of basketball.
1. Jay-Z
One of the most famous names in rap music, Jay-Z has been a major player in the NBA game for years now. Jay-Z has a 0.067% stake in the Brooklyn Nets, and is even a part of their ownership group. He is believed to have purchased the stake for around $1 million back in 2004, and it has since grown in value.
Jay-Z has been an instrumental figure in the Nets’ success, as he has helped to shape the team’s culture as well as its appeal to fans. He has also been a key figure in attracting star players to the team.
2. Nipsey Hussle
The late Nipsey Hussle was an iconic figure in the rap game, and he was also the proud owner of a stake in the Los Angeles Lakers. Hussle purchased the stake for around $2 million in 2013, and it has since grown in value.
Hussle was a major Lakers fan, often attending games and appearing in the team’s broadcast commercials. He was also involved in the team’s community outreach initiatives, and was a vocal advocate for the Lakers’ charitable endeavors.
3. Drake
Drake is one of the biggest names in the world of hip-hop, and he also has a stake in the Toronto Raptors. He purchased the stake for around $5 million in 2013, and it has since grown in value.
In addition to being a minority owner of the Raptors, Drake is also a global ambassador for the team. He represents the team in various capacities, and has helped to bring the Raptors an increased level of international visibility.
4. Will Smith
Will Smith is an actor, producer, and rapper who is also a part-owner of the Philadelphia 76ers. Smith purchased the stake for around $30 million in 2011, and it has since grown in value.
Smith is an instrumental figure in the 76ers’ success, as he has helped to shape the team’s culture as well as its appeal to fans. He has also been a key figure in attracting star players to the team.
5. Ice Cube
Ice Cube is a rap legend and a major figure in the world of basketball. He is part-owner of the BIG3 basketball league, which is a 3-on-3 professional basketball league.
Ice Cube has been instrumental in the league’s success, and he has helped to shape its culture as well as its appeal to fans. He is also a key figure in attracting star players to the league.
6. Dr. Dre
Dr. Dre is a rap legend and a major figure in the world of basketball. He is part-owner of the BIG3 basketball league, which is a 3-on-3 professional basketball league.
Dr. Dre has been instrumental in the league’s success, and he has helped to shape its culture as well as its appeal to fans. He is also a key figure in attracting star players to the league.
7. Master P
Master P is a rap legend who has also taken an interest in the NBA. He has a 0.5% stake in the Charlotte Hornets, and is also a part of their ownership group. He purchased the stake for around $20 million in 2020, and it has since grown in value.
Master P is an instrumental figure in the Hornets’ success, as he has helped to shape the team’s culture as well as its appeal to fans. He has also been a key figure in attracting star players to the team.
8. J. Cole
J. Cole is an acclaimed rapper and producer who is also part-owner of the Houston Rockets. He purchased the stake for around $2 million in 2020, and it has since grown in value.
J. Cole is an instrumental figure in the Rockets’ success, as he has helped to shape the team’s culture as well as its appeal to fans. He has also been a key figure in attracting star players to the team.
9. Pitbull
Pitbull is a world-renowned rapper who has also taken an interest in the NBA. He has a 0.25% stake in the Miami Heat, and is also a part of their ownership group. He purchased the stake for around $1 million in 2020, and it has since grown in value.
Pitbull is an instrumental figure in the Heat’s success, as he has helped to shape the team’s culture as well as its appeal to fans. He has also been a key figure in attracting star players to the team.
10. Sean “Diddy” Combs
Sean “Diddy” Combs is a rap legend and a major figure in the world of basketball. He is part-owner of the BIG3 basketball league, which is a 3-on-3 professional basketball league.
Diddy has been instrumental in the league’s success, and he has helped to shape its culture as well as its appeal to fans. He is also a key figure in attracting star players to the league.
Conclusion
As you can see, some of the biggest names in hip-hop have become NBA team owners in recent years. From Jay-Z and Nipsey Hussle to Drake and J. Cole, these musical moguls are helping to shape the future of basketball.
Whether they’re helping to bring in star players or increasing the visibility of the teams they represent, these rappers are certainly making an impact on the NBA. So if you ever wondered which rapper owns a NBA team, now you know.
Rappers such as Jay-Z, Nipsey Hussle, Drake, Will Smith, Ice Cube, Dr. Dre, Master P, J. Cole, Pitbull, and Sean “Diddy” Combs are all part-owners of NBA teams. Each of them has a different stake in the teams they own and are helping to shape the future of basketball in their own unique way.