Michael Jordan already had a net worth of one billion dollars at the time that he made this most recent purchase to add to his fortune.
According to a statement released by the National Basketball Association (NBA), Michael Jordan is planning to sell the majority of his ownership stake in the Charlotte Hornets for a total of $3 billion. When one takes into account the initial investment of $275 million that he made on the club in the year 2010 when he bought it, this is not a terrible return at all.
Jordan has agreed to keep a share in the franchise that is classified as a minority ownership stake, and this was done with Jordan’s consent.
Even before the sale, Jordan had already achieved the highest possible level of financial success. Consequently, the sale was not necessary. In the following paragraphs, we will study how he has accumulated his wealth as well as the items that he has acquired with it using that fortune. We will also investigate the things that he has purchased with it.
Since Michael Jordan retired from professional basketball 15 years ago, he has built a career that is the most successful and wealthy one we have ever seen developed by a former athlete. Jordan has amassed an incredible amount of wealth throughout his career.
Even though he was the best player in NBA history, he made less than $100 million over his career. However, he still managed to become a billionaire, and it is estimated that he currently has a net worth of $2 billion. This is despite the fact that he made less than $100 million during his career.
Jordan was the first athlete in the world to earn a million dollars, making him a pioneer in the field.
According to Forbes, Jordan’s yearly earnings were roughly $145 million.
As of 2015, he was reportedly making $100 million a year from Nike and Jordan Brand royalties alone.
