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How Michael Jordan And Mark Cuban Helped Build $8 Billion Company

How Michael Jordan And Mark Cuban Helped Build $8 Billion Company

In his life after basketball, Michael Jordan has kept his fortunes growing with huge and lucrative investments that have paid him millions.

One of his most successful investments is Sportradar, a sports data company that provides valuable services to bookmakers, national and international sports federations, and media companies.

Apparently, Michael Jordan and Mavericks owner Mark Cuban teamed up to make up a chunk of the initial $44 million investment. The company is now worth roughly $8 billion today.

In 2015, Michael Jordan and Mark Cuban teamed up to invest in Sportradar.

According to the company’s official website, it specializes in collecting sports data from all over the world and then using that data to leverage clients appropriately. USA Today reports that Michael Jordan and Mark Cuban were part of a $44 million investment round in the company that was led by Revolution Growth. The National Basketball Association (NBA) and the National Football League (NFL) also have equity in the company.

In November 2021, the company went public at $19/share with a reported $8 billion valuation.

In other words, Michael Jordan and Mark Cuban’s overall net worth can only be expected to go up from here, especially as sports betting continues to grow and dominate the market.

Jordan, who retired for the final time in 2003, has several business ventures that include the world-renowned Jordan Brand, restaurants, car dealerships, a stake in the Charlotte Hornets, and several other tech-related companies. He's worth almost $2 billion today and continues to grow his fame and fortune with each passing year.

Mark Cuban, owner of the Dallas Mavericks, is an even bigger name in the business world. As a multi-billionaire, he has invested in countless projects over the years and has even become a prominent voice in the cryptocurrency field.

So as two of the country's richest men, Jordan and Cuban are certainly more than capable of lifting Sportradar to even greater heights as sports betting grows in popularity. In return, the company will only help fill their pockets more and more with each passing season.