Michael Jordan’s legend continues to grow… along with a lot of zeros in his bank account. The former NBA star becomes the first athlete to appear on Forbes’ list of “America’s 400 Richest”
NBA Centra estimates his net worth at $3 billionThat’s a considerable improvement from Lake’s estimated net worth of $2 billion last June.
Jordan’s net worth grew dramatically in August after he sold a minority stake in the NBA’s Charlotte Hornets for $3 billion. According to Justin Birnbaum of Forbes.
That number has increased 17-fold since Michael Jordan became the majority owner of the Hornets 13 years ago.. This is the second largest franchise sale in NBA history.
Achieve success in many aspects
Owner of the Washington Wizards, Ted Leonsis attributes Michael Jordan’s wealth to his success as an athlete, Nike endorser and NBA team owner.arrive.
“Michael is one of the few people who has had three successes. Many entrepreneurs only do it once. They hit it big, take their winnings, then fold, and then we never hear from them again, or they try something a second time and it doesn’t work out. “He’s definitely got three hits,” Leonsis said.
Michael Jordan, LeBron James and Tiger Woods are the only three athletes to become billionaires. Jordan still owns a small stake in the Hornets.
Diversified business and new Air Jordans
His other business ventures include car dealerships, equity investments, restaurants and a tequila brand.. Leonsis predicts Jordan will take a more active role in NASCAR. The latter founded 23XI Racing three years ago in partnership with NASCAR driver Denny Hamlin.
Bulls legend Michael Jordan joins Forbes’ list of America’s 400 richest people Just in time for the return of the Jordan 11 “Space Jam”. The elegant black sneakers with blue “Jumpman” logo Michael Jordan pieces will be available next summer.