Jada & Will Smith Invest In 76ers

Rapper/actor Will Smith, along with a group of investors, is now part-owner of the Philadelphia 76ers, it was announced today during a press conference. The sale was approved by the NBA Board of Governors last week. Billionaire Joshua Harris leads the group.

“My partners and I are thrilled to have become owners of the Sixers,” Joshua Harris said in a statement.”It is an honor to become part of this storied franchise. We have a lot of work to do, but we have a rich history, a strong foundation and a bright future.”

Will and his wife Jada Pinkett Smith own an undisclosed percentage of the team. He joins fellow hip hop mogul Jay-Z, who is a part owner of the New Jersey Nets.