Michael Jordan’s Net Worth Up $350 Million; Now Worth $1.65 Billion

Michael Jordan’s Net Worth Up $350 Million; Now Worth $1.65 Billion

While Michael Jordan’s Charlotte Hornets franchise has been unable to match MJ’s unprecedented on-court success, the team has still managed to be one of the greatest investments he’s ever made. In 2006, Jordan became a minority investor in the team and then put forward $175 million in 2010 – eventually going on to own roughly 90% today. Between the immense success of his Jordan Brand and the increased value of the Hornets, Jordan’s net worth has increased by $350 million in the last year, bringing his total up to $1.65 billion. This make’s MJ the 1,477th wealthiest person in the world – 455th in the US – and has helped him climb up 90 spots from his place on the list from last year. Strong business decisions the likes of a re-brand from the Bobcats back to the Hornets and having the team sponsored by the aforementioned Jordan Brand have helped the value of the franchise raise 35% from 2017.

Source: Forbes

Latest News

Everything You Need To Know About The Travis Scott Jordan Jumpman Jack

The Jordan Jumpman Jack TR by Travis Scott is the first true collaborative sneaker release by the Houston-based rap/culture superstar. This brand new model is...

by Sneaker News 37 mins

This Nike Air Force 1 With Neon Paint Calls Back To The 1990s

Nike is dressing up its classics with summer-ready styles, drawing inspiration from a variety of time periods. This upcoming “Neon Paint” edition points to the...

by Sneaker News 10 hours

Nike Brings Back The Original "Oregon" Cortez With Vintage Flavor

Nike’s under-the-radar approach to bringing the Cortez back to the lime-light will come to a ahead on May 8th when Nike releases the “Forrest Gump”...

by Sneaker News 15 hours