One of Philadelphia's most recognizable faces is now a minority shareholder of the Philadalphia 76ers. Actors Will Smith and wife Jada Pinkett Smith are part of the new Sixers ownership group introduced Tuesday morning at the Palestra.
Smith and Pinkett Smith both made personal investments in Smith's hometown team. Smith was born in the Wynnefield section of West Philadelphia and attended Overbrook High School. He joins rapper Jay-Z as big-name media moguls who have become minority owners of NBA teams in recent years.
The Sixers ownership group is headlined by multibillionaire Joshua Harris, a New York-based leveraged buyout specialist. The group also includes David Blitzer, Art Wrubel, and former Sacramento Kings executive Jason Levien.
"On behalf of my partners, I genuinely want to thank Ed Snider and Comcast-Spectacor for choosing us to steward the Philadelphia 76ers, a storied NBA franchise. We are excited to be writing a new chapter in Sixers lore," Harris said. "I also want to thank Comcast-Spectacor for their gracious assistance during the transition."