Laurene Powell Jobs Purchases Stake in Monumental

The new name goes up on Capital One Center, Washington, D.C.

The Washington, D.C., sports and entertainment scene just received a major new player — billionaire Laurene Powell Jobs.

The entrepreneur, worth around $20 billion according to a Forbes estimate, has an agreement to purchase a 20-percent stake in Monumental Sports & Entertainment, first reported by the Washington Post and confirmed by Venues Today, an investment worth hundreds of millions of dollars that makes Powe...