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Michael Jordan, the basketball icon and prominent African-American billionaire, has experienced a remarkable surge in his net worth, witnessing an astounding increase of $1.8 billion since the onset of the year.
According to reports by Billionaires.Africa on Friday, Jordan’s net worth, tracked by the Bloomberg Billionaires Index, has increased to a staggering $3.5 billion. This valuation makes him the most prosperous basketball player ever and underscores his status as one of the world’s wealthiest individuals.
Starting the year with a fortune valued at $1.7 billion, Jordan has witnessed his net worth skyrocket by an impressive $1.8 billion to reach a total of $3.5 billion, propelling him to become the third-wealthiest Black billionaire in the United States.
With a staggering $1.8-billion bump in his fortune, the 60-year-old NBA legend, who broke ground by becoming the first athlete to amass a billion-dollar fortune in June 2014, has now surpassed entertainment moguls Shawn “Jay-Z” Carter and Oprah Winfrey, both of whom are worth $2.5 billion.
The surge in Jordan’s wealth can be largely attributed to the sale of his controlling stake in the Charlotte Hornets, a professional basketball team. The transaction, valued at a remarkable $3 billion, marks the conclusion of Jordan’s decade-long involvement as the principal decision-maker for the franchise.
In 2020, Jordan had previously sold a minority stake in the Charlotte Hornets to Gabe Plotkin, founder and chief investment officer of Melvin Capital, and Daniel Sundheim, founder and chief investment officer of D1 Capital.
After selling the majority stake he acquired in the franchise for $275 million in 2010, Jordan’s influence within the NBA landscape extends beyond his illustrious on-court career.
With this most recent milestone, Jordan’s legacy continues to redefine the boundaries of success on and off the basketball court.
