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Michael Jordan's Net Worth Has Risen An Insane Amount Since Last Year


Who would've thought that owning an NBA franchise and a multi-million dollar shoe company could be so profitable?

NBA legend and consensus GOAT Michael Jordan has managed his wealth very well after his retirement, especially when you consider the way some of his compatriots have blown away their life savings after retiring from the NBA.

Suprisingly, Jordan's career earnings with the Chicago Bulls is only a small percentage of his net worth today, even if he was the highest-paid player in the league at the time. Most of Jordan's wealth comes from his shoe brand Jordan, but his investment in the Charlotte Hornets has paid massive dividends for MJ over the past year alone.

Jordan was a minority investor in the club starting in 2006 before he paid $175 million in 2010 to become the majority owner of the Hornets. At the time, the investment didn't pay off immediately, as Charlotte was in a lot of trouble debt-wise, and would be operating at a loss for the next few years, of which Jordan would have to pay for out of pocket.

MJ hung in there though, and even if the Hornets have never been the Eastern Conference powerhouse Charlotte has been hoping they'd be, the franchise's value has risen considerably from Jordan's $175 million investment, valued at a whopping $1.05 billion as of February, via Forbes.

Because of this massive rise, and Jordan Brand's continued popularity, Jordan's net worth has risen a massive $350 million in the past 12 months to $1.65 billion, making him the 1,477th wealthiest person in the world, via Forbes billionaire list.

With NBA franchises continuing to rise in value as the league becomes more and more popular worldwide, and no signs of Jordan Brand slowing down, MJ could crack into Forbes' 400 very soon.