Laurene Jobs Purchases Stake in NBA and NHL Team


Laurene Powell Jobs, billionaire philanthropist and widow of Apple Co-founder Steve Jobs,, has become a part-owner of Monumental Sports and Entertainment, the parent company of the NBA squad Washington Wizards and the NHL's Washington Capitals. According to the Washington Post, Powell Jobs could end up owning about 20% of the multi-billion dollar company, which also owns the Washington Mystics WNBA team and Washington DC's Capitol One Arena. Should the deal go through, Powell Jobs would join a small group of female pro sports team owners and become the latest tech billionaire to invest in a professional sports franchise.

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