Michael Jordan smiling for a photograph.Photo: Aurelien Meunier/Getty
NBA legendMichael Jordanhas reached a new financial milestone after selling his stake in the Charlotte Hornets this year.
This week,Forbesannounced that the 60-year-old former athlete’s net worth has climbed to $3 billion, ranking him among the400 wealthiestpeople in America. Jordan is the first athlete to make the list, joining the likes ofMark Zuckerbergand LA Clippers owner Steve Ballmer.
According to Forbes, Jordan’s NBA earnings totaled approximately $94 million, and an estimated $2.4 billion coming from brands like McDonalds, Nike, Hanes and Gatorade.
Michael Jordan at the 2009 NCAA men’s basketball championship.Mark Cornelison/Lexington Herald-Leader/Tribune News Service/Getty
Mark Cornelison/Lexington Herald-Leader/Tribune News Service/Getty
“Now is the right time for me to hand over the reins and focus on my family, my personal interests and some new challenges. I’m excited to see what the future holds, and I look forward to supporting the team and the community in my new role for many years to come.”
Jordan described the opportunity to own an NBA franchise in his home state as “a dream come true,” adding, “We’ve had some unforgettable moments together, as well as a few challenging ones, but through it all, you’ve remained committed to us.”
Michael Jordan.Kent Smith/NBAE via Getty
“Although we were not as successful on the court as I — and many of you — would have liked, I am proud of the things that we accomplished as an organization.”
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source: people.com
