Jordan's Hornets Purchase: $275 million to $3 billion Fortune Sale

Rakhi53

On July 23rd, according to Woj, the NBA Board of Governors has officially approved Michael Jordan's application to sell the Charlotte Hornets.

As previously reported, Jordan sold the Hornets to a group led by Gabby Plotkin and Rick Schnall, ending his 13-year ownership journey.

In 2010, Jordan became the largest shareholder and owner of the Hornets with a $275 million investment. In October 2022, Forbes valued the Hornets at $1.7 billion. Jordan ultimately sold the team for $3 billion. It's reported that he will retain a minority stake and continue as a minority owner of the Hornets.

Jordan made around $2.7 billion over the course of 13 years, amassing a substantial fortune.

Bel2433

Michael Jordan's earning ability is number one in the NBA.

Baka101101

Certainly, he has definitely made money, but it's not just about looking at the numbers. In the past twenty years, inflation has been quite significant.

Avantika1222

Michael Jordan has proven to be quite skilled in business as well.