Michael Jordan net worth: How NBA legend made Forbes 400 list

Michael Jordan, the NBA legend, has achieved a remarkable financial milestone, earning a spot among America’s wealthiest 400 individuals, according to Forbes. This achievement comes after Jordan’s sale of his ownership stake in the Charlotte Hornets, which elevated his net worth to an impressive $3 billion.

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Securing the 397th position on the list, Jordan stands just a few slots below Vince McMahon, the head of WWE. Notably, he has become the first professional athlete to ever make it onto this prestigious roster of America’s financial elite.

While Jordan amassed a significant portion of his wealth through lucrative NBA contracts and major endorsement deals with industry giants like Nike and Gatorade, it was the sale of the Hornets that catapulted him into the upper echelons of wealth.

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In June, Jordan finalized the sale of the Charlotte Hornets to investors Gabe Plotkin and Rick Schnall for a staggering $3 billion. This transaction marked a significant leap from his initial acquisition of the majority stake in the team back in 2010, which was valued at a modest $175 million.

Although Jordan still has some ground to cover to break into the top 100 of the renowned Forbes list, which demands a wealth of nearly $9 billion, his unparalleled competitiveness and drive, characteristics that defined his illustrious sports career, make him a formidable contender for future ascension.