Will Smith and Jada Pinkett Smith Become Philadelphia 76ers Minority Owners

The power couple scores a partial ownership deal with the NBA team

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390490 01: Actor Will Smith and his wife actress Jada Pinkett Smith applaud during game 3 of the NBA finals between the Philadelphia 76ers and the Los Angeles Lakers, June 10, 2001 at the First Union Center in Philadelphia, Pennsylvania. The Lakers defeated the 76ers 96-91. (Photo by M. David Leeds/Allsport via Getty Images)

(Image: Getty)

As we all know Will Smith is from “West Philadelphia, born and raised” and now the rapper cum Hollywood superstar and his wife Jada Pinkett are expanding their entertainment empire to include partial ownership of Will’s hometown team, the Philadelphia 76ers.

Will Smith had expressed interest in owning a piece of the team back in 2006 but now billionaire Joshua Harris of  the private equity group Apollo Global Management has helped that dream become a reality. Harris  and a group of investors including the Smiths announced that they had  purchased the team from Comcast-Spectacor on Tuesday at a press conference in Philadelphia.

Click here to read more about the partial ownership at BlackEnterprise.com/BENext