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Charlotte Hornets owner Michael Jordan is part of at least two exclusive clubs, either of which most people would not make it to even if they’re given ten more tries at life. Aside from being a basketball Hall of Famer, the former Chicago Bulls shooting guard is also part of the world’s billion-dollar group of insanely rich folks.
Jordan continues to rake in huge profits this year, thanks to endorsement deals and his surprisingly profitable ownership of the Charlotte Hornets.
In fact, Jordan’s bank account just got fatter by $350 million this year alone to push his net worth to an astounding total of $1.65, according to Kurt Badenhausen of Forbes. In other words, Michael Jordan is as unstoppable in the field of making money as he was on getting buckets and championship rings during his playing days.
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The soaring team value and continued success of Nike's Jordan Brand pushed Jordan’s net worth to $1.65 billion in Forbes’ billionaires' list this month. The tally is up $350 million from 12 months earlier. Jordan ranks as the 1,477th wealthiest person in the world, up 90 spots from last year. His rank in the U.S. is No. 455 (the cutoff for the Forbes 400 was $2 billion last year).
Jordan’s purchase of the Hornets came at a timely manner, as the NBA is enjoying an influx of dollars from television broadcasting deals and the boom of the league’s popularity abroad.
The Hornets may be a mess on the court, but it has become a consistent cash cow for the greatest ever.
