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Jay-Z Paying $4.5 Million For Nets

February 2, 2012 by staff 

Jay-Z Paying $4.5 Million For Nets, Jay-z Paying $4.5 Million For Nets– Jay-Z is paying a $4.5 Million for the part-owner of the New Jersey Nets NBA team. The singer is also interested in relocating the team to Brooklyn.

Bill Gates blush, rap mogul Jay-Z has returned to the number one spot for The Three Richest Men In Hip-Hop of 2007 after losing the number one spot to P. Diddy in 2006.

In March of 2007 Jay netted $204 million, before taxes and he retain his stake in the company and will continue to oversee the marketing, licensing and product development.

In October 2005, Jay was reported in English media as considering buying a stake of Arsenal F.C., an English football team.
Jay has earned $1 million per month through his various business ventures for the last 12 months. Putting his wealth for 2007 at $358 million dollars.

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