Jay-Z and Buffett on the cover of Forbes in 2010.
Jay-Z is retiring again–this time not as a musician, but as a co-owner of the Brooklyn Nets.The hip-hop mogul officially announced the news via his Web site, Life + Times:
" Being a member of the Nets organization surpassed some of my greatest ambitions. It was never about an investment; it was about the NETS and Brooklyn. My job as an owner is over but as a fan it has just begun. I’m a Brooklyn Net forever."
This shouldn’t come as a surprise to anyone. FORBES reported that Jay-Z would have to sell his stake in the team nearly three weeks ago, after he announced his intention to start representing professional athletes through his Roc Nation Sports. Given the new business venture, the NBA’s rules required him to relinquish his stake, as Jay-Z confirmed in his statement.
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