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Wednesday, March 28, 2018

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.

Michael Jordan Adds $350 Million To Fortune; Net Worth Now $1.65 Billion

The NBA regular season is down to its final two weeks as team jockey for playoff positioning. The Charlotte Hornets are five-and-a-half games out of the final playoff spot in the Eastern Conference with only seven games to play and could be officially eliminated from contention as soon as tomorrow night.