[ad_1]

You'll never believe Michael Jordan's mind-blowing net worth 

Stellar Snippets

On Aug. 3rd, Michael Jordan sold his majority stake in the Charlotte Hornets franchise to Rick Schnall and Gabe Plotkin. 

White Scribbled Underline

He made approximately $3 billion, the second-highest sale price in league history and almost 17 times what Jordan had paid for it. 

White Scribbled Underline

With an estimated $3 billion net worth, he became the richest athlete to join the billionaire list, where only two others have been so far.

White Scribbled Underline

He earned around $90 million during his basketball career and around $2.4 billion in partnerships with brands like Nike, Hanes, and Gatorade.

White Scribbled Underline

He makes $200 million annually from Nike royalties alone, and he has also co-owned a NASCAR team since 2020, which is likely to be his focus from now on.

White Scribbled Underline

Despite his stake, Jordan's success never rubbed off on the Charlotte Hornets, as the team never found the success it had hoped for. 

White Scribbled Underline

Jordan sold 20% of his stake to Plotkin and Sundheim in 2019 at a $1.5 billion valuation. He still owns a 5% stake in the team according to Bloomberg.

White Scribbled Underline

His diverse investments have included car dealerships, restaurants, and a premium tequila brand, apart from DraftKings and Mythical Games.

White Scribbled Underline
[ad_2]