Kwanza Jones To Make History As The First Black Woman Majority Owner In The MLB

Kwanza Jones is set to make history in the investment world.

Science/Technology May 8, 2026 0 1 Add to Reading List

Kwanza Jones To Make History As The First Black Woman Majority Owner In The MLB

Kwanza Jones is set to make history in the investment world.

Jones is a Princeton University graduate who sits on various boards and has been investing for more than a decade, according to her LinkedIn profile. Since 2014, she has served as co-founder and CEO of the Kwanza Jones & José E. Feliciano Initiative, which is a philanthropic organization and private single-family office guided by pillars such as education, entrepreneurship, equity, and empowerment. According to information on its website, more than $250 million in funding has been directed to these areas.

In the latest update, the Seidler family has agreed to transfer ownership of the San Diego Padres MLB franchise to Kwanza Jones and José E. Feliciano, according to a press release. The Seidler family has been considering selling the team — valued at $3.9 billion according to Sports Illustrated — since November.

The agreement will require approval from the MLB and its customary closing conditions. If approved, Jones would also make history as the MLB’s first Black woman majority owner, Essence reports.

“I’m thrilled that after a highly competitive process, Kwanza Jones and José E. Feliciano will become the next majority owners of the Padres,” chairman John Seidler said, according to a press release. “When I became control person, my goal was to continue building on our recent success in pursuit of a World Series championship for the city of San Diego and our faithful fans. Now, as I pass the baton to Kwanza and José, I do so with full confidence that they share that vision, as well as the Padres’ deep commitment to San Diego. It’s what the team, our fans, and the community deserve.”

Jones and Feliciano said in a joint statement:

“The Padres are more than a baseball team; they are a unifying force in San Diego, rooted in community, connection, and belonging. As life and business partners, and as a family, we are honored to lead this next chapter together. We have worked hard for everything we have achieved, and we have built it together. We see that same spirit in this team and its fans, and we know what it takes to win. We are committed to showing up, listening, and earning the trust of this community, while building on the strong foundation established by the Seidler family.”

“This is about more than baseball — it’s about boosting the pride, energy, and connection that define the Padres, investing in community, deepening belonging, and ensuring this team remains accessible and endures for generations,” the statement continued.

Looking forward, Jones and Feliciano said they hope to bring a World Series championship to San Diego.

The post Kwanza Jones To Make History As The First Black Woman Majority Owner In The MLB appeared first on AfroTech.

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