‣ Michael Jordan is the first-ever professional athlete to rank among America’s 400 wealthiest people.
‣ Jordan sold his majority stake in the Charlotte Hornets for $3 billion and his net worth has increased to $3 billion.
‣ Jordan earned billionaire status in 2015 through endorsements and lucrative contracts with brands like Nike, Gatorade, Hanes, and Upper Deck.
Michael Jordan is the first athlete to make the Forbes 400 list of richest Americans
He’s now worth $3B 💰🔥
(Via @FOS )
— NBACentral (@TheDunkCentral)
Details
Michael Jordan’s financial prowess continues to reach new heights, as he becomes the first-ever professional athlete to make Forbes’ list of America’s 400 wealthiest people. The NBA Hall of Famer is ranked 379th on the prestigious list, with a net worth estimated at $3 billion. This achievement comes after Jordan sold his majority stake in the Charlotte Hornets for a staggering $3 billion earlier this year.
Despite no longer holding the majority ownership of the Hornets, Jordan will still retain a minority stake in the team. His 13-year tenure as majority owner saw him purchase the NBA franchise for $275 million in 2010, a move that eventually catapulted him into billionaire status. His association with Nike played a significant role in achieving this milestone, with endorsement deals and lucrative contracts with companies such as Gatorade, Hanes, and Upper Deck further contributing to his fortune.
In addition to his basketball empire, Jordan has also diversified his investments. He became a part-owner of the MLB’s Miami Marlins in 2017 and is the majority investor in the illustrious golf course Grove XXIII. Furthermore, he joined DraftKings as an investor and advisor in September 2020. These ventures have solidified his status as not just one of the richest athletes but also one of the wealthiest African Americans in the country.
It is worth noting that Jordan’s achievement follows in the footsteps of another basketball icon, LeBron James. In June, James became the first active NBA player to reach billionaire status, with an approximate net worth of $1 billion. Like Jordan, James has capitalized on various investment opportunities and endorsement deals to grow his wealth. With his partnerships with Nike, McDonald’s, and Sprite, it is only a matter of time before James joins his predecessor on the illustrious Forbes 400 list.
As these basketball legends continue to make history on and off the court, their financial success serves as a testament to their incredible talent and business acumen. Their influence expands far beyond the realm of basketball, inspiring future generations of athletes and entrepreneurs alike.
