Ben Felderstein 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
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