Beyonce Knowles, a native Houstonian and former member of 90s pop group Destiny’s Child, is considering buying a piece of her hometown NBA team, Bloomberg reports.
The Rockets declined to comment. Beyonce’s publicist, Yvette Noel-Schure, didn’t immediately respond to an email seeking comment. The entertainer’s representatives at Sony Music Entertainment declined to comment. A spokeswoman for her husband, Jay-Z, also didn’t immediately respond.
According to Forbes, Beyonce is second to Sean “Diddy” Combs on its 2017 list of highest-paid celebrities at $105 million. Her net worth is $350 million, Forbes said. Jay-Z is worth $810 million. I think this would be great for the NBA, but her pockets aren’t that deep. Now Jay Z on the other hand…owned a small percentage of the New Jersey Nets for a while, but four years ago sold his stake to Jason Kidd.
Buying a small piece of a professional sports franchise is not unheard of for celebrities these days.
Pop star Justin Timberlake, a native of Memphis, Tennessee, owns a piece of basketball’s Grizzlies; tennis players Venus and Serena Williams, as well as Jennifer Lopez, are investors in football’s Miami Dolphins; and actor Will Ferrell has a stake in Major League Soccer’s Los Angeles Football Club.
The Rockets, which current owner Leslie Alexander bought for $85 million in 1993, are expected to sell for something like $2 billion.