gTYdeSPbN4- trae young dpoy FebruOther investments made by Michael Jordan Michael Jordan wants his respect The Charlotte Hornets owner spoke to a reporter with on Monday, shining light on his thoughts since LeBron James passed Kareem Abdul Jabar’s All-Time Scoring record. The move saw him earn some 1.5 billion when he sold the percentage to a New York-based hedge fund. In the end, however, Jordan actually chose to cash in on his investment when he sold 20% of the team in September 2020. After buying a stake, Jordan would eventually raise his stake to 90%. Valued at $175 million, the Charlotte Hornets were a mid table team in the NBA and one of it's newest franchises. It was back in 2010 when Jordan took a step into the realm of ownership. That time Michael Jordan bought the Charlotte Hornets How does that compare with present day NBA stars? That's 4x as much as LeBron James' current deal which is the 2nd highest in the league.
#Charlotte hornets roster payroll plus
For perspective, consider that his first-ever five-year Nike deal signed in 1984 was worth $500,000 annually (about $1.2 million in today’s dollars), plus royalties. Where Nike specifically is concerned Jordan is quite simply the sneaker giant's biggest source of income. At present Jordan still maintains official ties with Nike, Hanes, Gatorade, and Upper Deck. Accross some four decades, Jordan has earned $1.7 billion (pre-tax) off the court from brands such as Nike, Coca-Cola, McDonald’s, Wheaties, Chevrolet to name a few. While his salary was sizeable during his playing career, the reality is Michael Jordan earned the vast majority of his current wealth from endorsements. 🐐 /0rinKIrD4L- Boardroom FebruMichael Jordan's Endorsement Earnings Interestingly, after the Jordan brand secured the contract to provide French club Paris Saint German with their kit in 2021, Jordan allegedly earned a further $6 million, when super star Leo Messi signed for the club just off of shirt sales alone. He also owns the majority stake in the Charlotte Hornets, as well as a sizable percentage his personal brand under Nike, the Jordan Brand. Through his investments and proper money management, he has become one of the wealthiest athletes on the planet. Jordan has proven himself to be a shrewd businessman time and again. Aside from from the significant income which he has earned over decades from the Jordan Brand, he has also had extremely lucrative endorsement deals from major companies in the USA, as well as a number of profitable investments. With that, what kind of money are we talking about, when it comes to being the greatest of all time? let's take a look What is Michael Jordan's current net worth?Īs of March 2021, according to Forbes, Michael Jordan's net worth is estimated to be $1.6 billion. It could be said that MJ is the #1 in general. When it comes to conversations about who the GOAT is, Michael Jordan doesn't just dominate where his own sport - basketball - is concerned.
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