Michael Jordan’s net worth surges to $3.5 billion, surpassing Jay-Z and Oprah Winfrey
With this achievement, Jordan ascends to the position of the third-richest Black billionaire in the United States.
With this achievement, Jordan ascends to the position of the third-richest Black billionaire in the United States.
The deal, valued at an impressive $3 billion, marks the end of Michael Jordan’s decade-long tenure as the franchise’s chief decision-maker.
In 2010, Jordan who is today worth $2-billion, paid $275-million for a majority ownership in the Hornets.
Since the start of the year, Jordan’s net worth has risen by $300 million, from $1.7 billion to $2 billion.
This unique pair of sneakers holds significant historical value.
Jordan is the first athlete to amass a billion-dollar fortune.
He is expected to maintain a minority ownership interest in the franchise.
In June 2014, Jordan became the first athlete to amass a billion-dollar fortune.
Jordan has been supporting Make-A-Wish since 1989.