A well-known non-NBA player was seen by many as the Cavaliers celebrated their NBA championship. Usher Raymond might not be the first name you think of when it comes to basketball, but he was there enjoying the moment with the Cavs team.

Why?

Because believe it or not, Usher is part owner of the Cleveland Cavaliers basketball team. Back in 2005, Usher made the purchase along with majority team owner Dan Gilbert.

In 2005, Usher told FORBES, “I know I have the talent to entertain, now I just want to be a great businessman.”

Making savvy business and dance moves seem to be Ushers focus over the last decade. In 2005, he invested million dollars to be part owner in the Cavs team.

According to Forbes, this would have given him a 1% stake in the company.

However, over the years the majority owner Dan Gilbert, CEO of Quicken Loans, has been increasing his shares of the team. He started with a $375 million dollar investment in 2005 to buy the team.

FORBES confirmed two years ago that Usher was still part of the ownership team and all his shares hadn’t been diluted, but they wouldn’t disclose how much of the team the star performer has.

It is known that they Cavs are worth about $1.1 billion dollars today. This is roughly 4 times what the owners paid for the team in 2005.

Not a bad investment for Usher and the other owners of the Cavs. As long as LeBron James says, that investment should be even more financially rewarding as the years progress.

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