Did Kevin Hart Buy a Basketball Team? Ownership Facts

By Sarah Miller · March 28, 2048

Yes, Kevin Hart did not directly purchase an NBA team, but he became a co-owner of the Philadelphia 76ers in 2011 as part of a larger investment group led by Josh Harris and David Blitzer.

Kevin Hart's Involvement with the Philadelphia 76ers

Comedian and actor Kevin Hart has long been a passionate basketball fan, particularly of his hometown team, the Philadelphia 76ers. While he hasn't bought a team outright, his ownership stake in the franchise is both real and significant.

How Kevin Hart Joined the 76ers Ownership Group

Kevin Hart joined the Sixers' ownership group in 2011 when the team was acquired by an investor group led by Josh Harris and David Blitzer.
The purchase price for the 76ers at that time was $280 million.
Hart was brought in as a minority partner, along with other celebrities like Will Smith and Jada Pinkett Smith.
His role includes attending games, participating in team events, and supporting community outreach initiatives.

Understanding NBA Team Ownership Rules

The NBA allows celebrity investors to hold minority stakes in franchises, but full control must remain with approved principal owners. Here’s how it works:

Key Requirements for NBA Ownership

At least one owner must have a 35% controlling interest.
All owners must be approved by the NBA Board of Governors.
Ownership groups can include up to 10 limited partners without requiring additional league approval.
Celebrity investors typically serve as brand ambassadors while contributing financially.

Team	Acquisition Year	Purchase Price (USD)	Current Valuation (2024)	Notable Minority Owners
Philadelphia 76ers	2011	$280M	$3.5B	Kevin Hart, Will Smith
Golden State Warriors	2010	$450M	$7.0B	Andre Iguodala, Rick Welts
Brooklyn Nets	2019	$3.5B	$4.5B	Taylor Swift (indirect), Jay-Z (former)
Charlotte Hornets	2010	$275M	$2.7B	Michael Jordan (former majority), Gabe Plotkin

Table data source:1, 2

The data shows a massive appreciation in franchise values since 2011. The 76ers, bought for $280 million, are now valued at $3.5 billion—a 1,150% increase. This highlights the financial wisdom behind early investments in NBA teams, especially for high-profile entertainers like Kevin Hart who gain both economic and cultural capital.

Kevin Hart’s Impact Beyond Ownership

Beyond his financial stake, Kevin Hart has used his platform to elevate the 76ers’ visibility globally.

Contributions to the Franchise

Regularly attends home and playoff games, often courtside.
Engages fans through social media, promoting team culture and player achievements.
Supports youth programs and community development initiatives backed by the 76ers organization.
Leverages his entertainment network to attract other celebrities to games and events.

Frequently Asked Questions About Kevin Hart and the 76ers

Did Kevin Hart buy the Philadelphia 76ers?

No, Kevin Hart did not buy the 76ers outright. He is a minority co-owner who joined the ownership group in 2011 when Josh Harris and David Blitzer purchased the team for $280 million.

What percentage of the 76ers does Kevin Hart own?

The exact percentage is not publicly disclosed, but sources suggest it is a small minority stake. The primary controlling owners remain Josh Harris and David Blitzer.

Is Kevin Hart involved in team decisions?

Kevin Hart is not involved in day-to-day basketball operations or executive decisions. His role is primarily promotional and community-focused, though he may offer input as part of the ownership collective.

Who else owns part of the Philadelphia 76ers?

Other notable minority owners include Will Smith, Jada Pinkett Smith, and several private equity investors. The team is primarily controlled by Harris Blitzer Sports & Entertainment (HBSE).

Has Kevin Hart ever tried to buy another NBA team?

As of 2025, there is no public record of Kevin Hart attempting to purchase another NBA franchise. His focus remains on his role with the 76ers and expanding his entertainment ventures.