JAY Z: How The Hottest Agent In Sports Makes And Spends His $500 Million
He broke into the sports world by buying a stake of the Brooklyn Nets.
But he was still a huge part of the branding of the team, and the "Nets owner" label stuck despite how small his ownership stake was.
He sold his stake in the team in May so he could start a sports agency called Roc Nation Sports.
Roc Nation has signed a bunch of high-profile talent since it launched last year.
Kevin Durant is the biggest star to sign on. Roc Nation will handle his 2016 free agency.
Jay Z got Robinson Cano a monster $240-million contract with Seattle last winter.
WNBA player Skylar Diggins signed with Roc Nation, and Jay gave her a Mercedes.
So why are all these athletes ditching established agencies for a four-month-old company?
He's Jay-Z!
He's married to Beyoncé.
He hangs out with Obama.
He travels the world with Beyoncé as King and Queen of American pop culture.
There was a wild but believable rumor last year that Beyonce bought him a $40-million plane for Father's Day.
Source: Perez Hilton
Jay and Beyoncé are making a reported $4 million per show for their "On The Run" tour.
Source: Page Six
He's at the point where he can lip-sync in a gallery for six hours and call it art, and no one questions it
He has made 12 platinum albums, but much of his wealth has nothing to do with music.
Source: Billboard
He sold Rocawear for $204 million and has deals with Budweiser, Samsung, and Duracell.
His record label Roc Nation has a $20 million deal with Samsung, which exclusively pre-released his last album.
Despite not longer being an owner, his takeover of the sports world may be just beginning.
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