Michael Jordan is the greatest basketball player of all time, but he is also the richest.
NBA legend Jordan sold his stake in the Charlotte Hornets earlier this month. His net worth is estimated at $3.5 billion, according to the first-ever Bloomberg Billionaires Index.
Michael Jordan to sell Hornets for $4.25 billion
Jordan, who led the Chicago Bulls to six NBA titles and was named Most Valuable Player (MVP) five times, has been drawn from the silhouette drawn on his shoes to the collector’s item cereal box “Wheaties”. Even her smirk is a familiar cultural icon. In 2010, the Hall of Famer bought a majority stake in the Hornets, then known as the Bobcats, becoming the league’s first black team owner. But a licensing deal with Nike in the 1980s, when Jordan was still relatively unknown, laid the groundwork for his fortune.
Jordan’s Hornets sale is a reminder that the NBA is one of the most profitable leagues in the world. NBA franchises have skyrocketed in value in recent years, with millionaires taking ownership of the franchise with their vast wealth.
Original title: Michael Jordan Is Richest NBA Legend With a $3.5 Billion Fortune (excerpt)
2023-08-24 16:06:00
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