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

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 Â theÂ private equity groupÂ Apollo Global Management has helped that dream become a reality. Harris Â and a group of investors including the Smiths announced that they had Â 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