NBA GOAT Michael Jordan becomes first athlete in history to be drafted ForbesHe was named to a list of the 400 richest people in America after he sold a majority stake in NBA team Charlotte Hornets at a valuation of US$3 billion (approximately A$4.7 billion).
We’re used to witnessing Michael Jordan soar to gravity-defying heights, lift his body off polished hard courts, don his signature red and white Air Jordans, and do it all once Another slam dunk; with the news that the six-time NBA champion is selling his majority stake in the Charlotte Hornets, it looks like he may not be returning to Earth this time.
Since Michael Jordan made his NBA debut nearly 40 years ago, the Chicago Bulls star has earned himself a whopping US$94 million (approximately A$149 million) in 15 seasons.
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according to ForbesAlthough Jordan ultimately sold his majority stake in August this year for a total valuation of US$3 billion (approximately AU$4.7 billion), the Charlotte Hornets ranked only 27th among the NBA’s most valuable teams. The rate is 17 times Jordan’s initial investment in 2010.
That’s a remarkable achievement; coupled with partnership deals and endorsements with global brands like McDonald’s, Gatorade, Hanes, Nike, NASCAR teams, golf courses, steakhouses, and even gaming company shares, Forbes estimates Jordan’s total His net worth of US$3 billion (approximately AU$4.7 billion) places him on the Forbes 400 list of America’s richest people – becoming the first athlete in history to appear on the list.
“Michael’s one of the few guys who’s had it three times,” admits Ted Leonsis, owner of the Washington Wizards, Mystics and Capitals. “A lot of entrepreneurs, they get it right the first time. They hit it big, take the bonus, retire, and then (we) never hear from them again, or they try something a second time and it doesn’t work out. "He had three huge successes,"
NBA legend Michael Jordan, 60, ranks 379th on the overall list, with a net worth of US$3 billion (approximately AU$4.7 billion).