HomeBasketballNBAMichael Jordan’s net worth soars to record high following Hornets sale

Michael Jordan’s net worth soars to record high following Hornets sale

Chicago Bulls superstar Michael Jordan is still setting records long after retiring from the game of basketball. After officially selling his stake in the Charlotte Hornets this summer, Jordan has set a new benchmark as the wealthiest NBA player in league history. Michael Jordan’s net worth as of 2023 now stands at $3.5 billion, according to Bloomberg.

It’s estimated Jordan walked away with nearly $2.7 billion in moving on from his majority position with Charlotte. After spending his youth and college years in North Carolina, Jordan became a co-owner of the Hornets in 2006. He served as the majority owner of the team since 2010 before agreeing to sell the team in 2023 to a group led by Gabe Plotkin and Rick Schnall. Shortly after the deal was finalized, Jordan penned a letter to fans posted on the team’s website.

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“Now is the right time for me to hand over…

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