Michael Jordan becomes the first athlete to be named to the Forbes 400 list. ‘His Airness’ reportedly sold majority stake in Charlotte Hornets to Gabe Plotkin and Rick Schnall for $3 billion in June . The list is released every year around September, and Jordan just made the list. Forbes’ minimum requirement for anyone to join the organization is $2.7 billion.
The Chicago Bulls legend was lambasted by most fans for previously owning a team that didn’t have much success during his tenure. As the man who makes or approves basketball’s most significant decisions, the former NBA superstar deserves a significant amount of criticism.
Jordan’s inclusion on the Forbes 400 list prompted reactions from some fans:
“The Hornets couldn’t be any worse because of the overall success of LeBron’s league, but they’re making billions”
The Charlotte Hornets/Bobcats compiled a dismal 423-600 record under Michael Jordan, who ranked fifth from the bottom in the NBA during that period. Jordan’s Hornets failed to win a series in the postseason and haven’t made the playoffs in the past seven years.
The six-time NBA champion was named after the first-round talent he drafted during his time with the Hornets. Some of Jordan’s name choices that didn’t work out well include Adam Morrison, Brandon Wright, DJ Augustin, Michael Kidd-Gilchrist, Noah Vonleh, Cody Zeller and Frank · Kaminsky.
Michael Jordan is also credited with drafting Kemba Walker and LaMelo Ball. The Chicago Bulls icon selected Brandon Miller over Scott Henderson in this year’s draft. If Henderson proves to be a better player than Miller, Jordan’s resume as an executive will only get worse.
According to reports, the worst part of Jordan’s time as the majority owner of the Charlotte Hornets was his inability to take criticism. He was also criticized for surrounding himself with “yes” people who were just out to please the basketball legend.
In the midst of it all, Michael Jordan became richer than ever. These criticisms, fair or not, are deserved. He has a $3 billion reason not to have any hard feelings about his tenure with the Hornets.
LeBron James expected to become a Forbes mainstay like Michael Jordan
LeBron James becomes the first active NBA player to become a billionaire. He was recently ranked No. 2,540 on Forbes’ 2023 list of billionaires. The current Los Angeles Lakers superstar doesn’t plan on stopping there, either.
Like Michael Jordan, he has become a savvy businessman with a growing empire. The four-time MVP also hopes to follow in Jordan’s footsteps and become an NBA owner. Unlike Jordan, James isn’t looking for a small-market team to lead a franchise. He has publicly stated that he wants to own a team in Las Vegas.
It won’t be long before LeBron James joins the ranks of Forbes’ elite list of “His Style.”
editor
Michael Macacello