Jay-Z Sells Nets Stake, Earns Warren Buffett-Like Return

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 an...