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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.
Clara Wu Tsai has a lot on her plate. She’s vice chair of Brooklyn Sports & Entertainment, the company behind the Brooklyn Nets, the New York Liberty, and Barclays Center, and she serves as the Liberty’s governor. She’s also a film producer: most recently on Werner Herzog’s Bucking Fastard, which premiered at the Venice Film Festival in September. She co-owns the National Lacrosse League’s San Diego Seals and is a trustee at Stanford, NewYork-Presbyterian Hospital, and Lincoln Center. But for one of Wu Tsai’s projects in Brooklyn, the return can’t be measured in dollars alone. In August 2020, amid racial justice…
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