Meet billionaire Clara Wu Tsai, who built the Liberty into a $600 million team and now plans to fund guaranteed income for new moms
The Nets and Liberty co-owner has spent six years funding loans, startups, basketball courts, and arts programs in Brooklyn. Critics say the spending is hard to track.
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# Summary Clara Wu Tsai, co-owner of the NBA's Brooklyn Nets and WNBA's New York Liberty (valued at $600 million), has allocated significant capital over six years toward Brooklyn-based initiatives including loans, startups, sports infrastructure, and arts programs, though observers note her spending patterns lack transparency. Her investment strategy reflects a diversification beyond sports ownership into community development and social enterprises, with plans now expanding to guaranteed income programs for new mothers, adding another social venture to her portfolio.
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