Report: Michael Jordan increases his net worth by $350M, now at $1.65B
What's the story?
Michael Jordan has increased his net worth by 350 million dollars.
In case you didn't know...
The Charlotte Hornets ranked No. 28 on Forbes' annual list of estimated NBA franchise valuations with a projected worth of $1.05 billion.
The heart of the matter...
His Airness may have retired from basketball a decade and a half ago, but that hasn't at all stopped the money from rolling in. The leagues’ greatest player of all time might just be the league’s greatest businessman of all time. In fact, an argument can be made that the NBA was holding him back as Jordan in his retirement is making more money than ever.
The Charlotte Hornets have yet to win a single playoff series since Jordan became their owner, but the franchise has turned out to be good on Jordan’s wallet. With the increased value of the Hornets combined with the continued success of his brand, Jordan’s net worth has risen by $350 million from last year, according to Kurt Badenhausen of Forbes, and has now reached $1.65 billion.
This makes the six-time champion, 1447th wealthiest person in the world, up 90 spots from the previous year, and 455th richest person in the United States of America.
The Charlotte Hornets have yet to get out of the first round of the playoffs and the 5-time MVP would be hoping that the franchise has a change of fortune in the coming years.
The brand Jordan is currently one of the most famous brands in the league. From endorsements to his shoe line, and the money he earns as the owner of an NBA franchise, Jordan has built a pretty massive empire for himself and will look to continue to increase it more and more.
Imagine the kind of money Jordan would be profiting if the Hornets started playing late in the month of May. Jordan has once again proved that he is the best at everything.