Legendary Chicago Bulls guard Michael Jordan made history again on Monday.
Jordan Be the first athlete Entered the Forbes 400 list of the richest Americans. According to NBA Central, his net worth is $3 billion.That’s quite an improvement from June’s estimated net worth of $2 billion
Michael Jordan is the first athlete to make the Forbes 400 list of America’s richest people
He is now worth $3B 💰🔥
(pass @FOS ) pic.twitter.com/dvGml9y9Du
— NBACentral (@TheDunkCentral) October 2, 2023
Jordan sold a minority stake in the NBA’s Charlotte Hornets for $3 billion in August, adding to his staggering net worth Forbes Justin Birnbaum. That number has increased 17-fold since Michael Jordan became the majority owner of the Hornets 13 years ago. This is the second largest team sale in NBA history.
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Washington Wizards owner Ted Leonsis attributes Michael Jordan’s wealth to his success as an athlete, Nike endorser and NBA team owner.
“Michael is one of the few people who succeeds three times. A lot of entrepreneurs, they succeed once. They hit it big, take the bonus, retire, and then (we) never hear from them again, or they succeed for the first time. Trying something a second time and not succeeding. He had three huge successes,” 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. 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.
The news that Bulls legend Michael Jordan has joined the Forbes 400 list of America’s richest people coincides with the return of his “Space Jam” Jordan 11. The sleek black model with Michael Jordan’s blue “Jumpman” logo will hit stores next summer.