Usher has sold his stake in the Cleveland Cavaliers.

As AFROTECH™ previously told you, Usher had purchased a minority stake in the Cleveland Cavaliers in 2004. He was a part of an investor group led by Quicken Loans Founder Dan Gilbert, according to a press release. Usher reportedly made a $9 million investment for an estimated 1% stake in the team. At the time, he vowed to remain active with the organization, from enhancing the game experience to supporting its role in the community.

As of October 2025, the team was valued at $4.8 billion, Forbes reports. In an interview with Forbes in March 2026, the artist confirmed he recently sold his stake in the team and acknowledged he is still great friends with Gilbert.

Usher also shared what he considers when making the decision to invest, citing cultural connection and opportunities for mentorship in the business.

“I am open and available for ideas that I think give people some sort of cultural connection and experience. I don’t like to just invest in things just because of the numbers. If I’m not organically tied to it, then I don’t necessarily want to be associated with it,” he told Forbes. “And that right there could be shorthand. Maybe the numbers need to look better. Maybe the analytics that come back. And the people who I work with and rub elbows with could make it easier for me to even understand certain levels.”

He added, “Even at this age being a mentor I look to the world for mentorship in those areas of business. I just want to know more. I want to grow, but I also want to offer something that’s very unique as a result of my experience and access, places I’ve gone and the level of what it is that I accept. It is excellence or nothing for me.”

Usher’s portfolio also includes startups and an innovation incubator hub in Detroit for young people ages 14-24. As AFROTECH™ previously reported, he teamed up with Big Sean to invest $1 million into the venture that will position the youth for careers in film, television, and music production, as well as in AI, 3D, immersive technologies, and special effects. He also is among the investors in Centennial Yards, a $5 billion entertainment district in Atlanta, projected to be completed in 2027.