Michael Jordan Now Worth $3B, Joins Forbes 400

Category: Sports News

NBA great Michael Jordan has joined an exclusive club after successfully completing his sale of the Charlotte Hornets.

Jordan, widely considered the greatest basketball player of all time, brought an end to his 13-year reign as Hornets owner by offloading his majority stake in the franchise to a group led by Rick Schnall and Gabe Plotkin back in August.

The sale to Schnall and Plotkin was said to be worth a staggering $3billion, marking a colossal profit for the 60-year-old given he forked out $275million to purchase the team back in 2010.

READ: Michael Jordan’s Trainers Auctioned For $1.5M

And after cashing in on his majority stake in Charlotte, Jordan has entered Forbes’ 400 list – consisting of the wealthiest Americans within the US.

His net worth is now understood to have surpassed the $3bn mark, meaning he has become the first ever athlete to be included in Forbes' exclusive club.

Jordan remains the wealthiest sportsperson in history after combining his iconic career in the NBA with some of the biggest commercial deals ever off the court.

READ: Michael Jordan Is PEOPLE's Sexiest Man Alive 2020

The most famous of those brand partnerships is of course with Nike, who still generate millions of dollars through his iconic Jordan Brand.

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