In August, Jordan sold his majority stake in the Charlotte Hornets to new ownership led by Rick Schnall and Gabe Plotkin for $3 billion group
NBA legend Michael Jordan reached a new financial milestone this year after selling his stake in the Charlotte Hornets.
this week, Forbes It was announced that the 60-year-old former athlete’s net worth has climbed to $3 billion, placing him among the 400 richest people in the United States. Jordan is the first athlete to make the list, joining the likes of Mark Zuckerberg and Los Angeles Clippers owner Steve Ballmer.
According to “Forbes”, Jordan’s total NBA income is approximately $94 million, of which an estimated $2.4 billion comes from brands such as McDonald’s, Nike, Hanes and Gatorade.
Jordan’s biggest recent earnings came after the Charlotte Hornets completed the sale, which was officially announced in August for approximately $3 billion. The NBA announced at the time that he was selling the North Carolina NBA team to an ownership group led by Rick Schnall and Gabe Plotkin, with Jordan transitioning into a secondary ownership role .
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In February, the Hall of Famer donated a record $10 million to Make-A-Wish America in honor of his birthday. Make-A-Wish said at the time it was the largest individual donation in the foundation’s history. Two years ago, he donated $10 million to open two new health clinics in his home state of North Carolina. The funds went to Novant Health, which had previously received $7 million from Jordan in 2017.
Michael Jordan at the 2009 NCAA Men’s Basketball Championship” src=”https://s.yimg.com/ny/api/res/1.2/ugNf9mP0SXXC8TWHYlsG_Q–/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTcyMA–/https://media .zenfs.com/en/people_218/884ee11e376436e275db234bf8e6b547″ class=”caas-img”/>
Mark Cornelison/Lexington Herald-Leader/Tribune News Service/Getty
Michael Jordan at the 2009 NCAA Men’s Basketball Championship
The Hall of Famer wrote an emotional letter to Charlotte fans following his departure from the Hornets. Jordan explained that his “love for the game of basketball and the NBA remains strong,” but he ultimately felt it was the “right time” to take on a new role with the Hornets.
“Now is the right time for me to hand over the reins and focus on my family, my personal interests and some new challenges. I’m excited to see what the future holds and I look forward to supporting the team and community I will serve in the future. New roles for many years.”
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Jordan described the opportunity to own an NBA team in his hometown as a “dream come true,” adding, “We’ve had some unforgettable moments together and some challenging moments, but through it All of this, you’ve been committed to us.”
“Even though we didn’t have the success on the field that I and many of you had hoped for, I’m proud of what we accomplished as an organization.”
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Among those accomplishments, Jordan said he will “never forget the excitement in the city” when the Hornets’ name returned to “Charlotte’s rightful home” in 2013. (The Hornets left Charlotte in 2002 and were replaced by the Bobcats, led by Jordan.) The team reverted to the Hornets name in 2013, according to SI. )
In closing, Jordan said, “This is a thank you, not a goodbye, because North Carolina, the city of Charlotte, and the Hornets will always have a special place in my heart.”
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