NBA legend Michael Jordan has achieved another milestone in his entrepreneurial journey.
As reported by Forbes, he has made history as the first professional athlete to secure a spot among America’s 400 wealthiest individuals.
Billionaire status
The significant leap in wealth came after Jordan’s strategic decision to sell his majority stake in the Charlotte Hornets earlier this year.
According to Forbes, Michael Jordan’s net worth currently stands at a staggering $3 billion.
His remarkable journey to billionaire status began in 2015.
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Primarily driven by his lucrative endorsement deal with Nike.
However, Jordan’s financial success extends beyond just sneakers, with substantial earnings stemming from high-profile contracts with Hanes, Gatorade, and Upper Deck.
Beyond his business acumen, Michael Jordan has also become renowned for his philanthropic efforts.
Notably, he made a record-breaking donation of $10 million to Make-A-Wish America in celebration of his 60th birthday.
The generous gift marked the largest individual contribution in the foundation’s 43-year history.
Demonstrating Jordan’s commitment to giving back to the community.
Widely regarded as the greatest basketball player of all time, he retired for the final time in 2003.
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Jordan’s financial ascent took a significant leap when he purchased the Hornets for approximately $275 million in 2010.
Despite this, Jordan retained a minority stake in the team, solidifying his position on the Forbes 400 list.
