After selling the Charlotte Hornets, Michael Jordan’s net worth once more soars, reaching a new milestone.

After selling the Charlotte Hornets, Michael Jordan’s net worth was changed by Forbes, making him the richest sports figure of all time and placing him far ahead of LeBron James.

Michael Jordan, an NBA legend and former owner of the Charlotte Hornets, is currently ranked among the top 400 wealthiest Americans by Forbes.

When he bought the formerly known Bobcats in 2010, Jordan demonstrated his business acumen in addition to his status as a sporting icon. The NBA player invested $175 million to increase his ownership stake from a minority stake he had purchased in 2006 to a majority stake.

The 60-year-old sold his ownership of the company in August and received $3 billion from an investment group that was run by Gabe Plotkin and Rick Schnall.
According to Forbes, lucrative alliances with Nike, Gatorade, and Hanes have also brought in $1.08 billion for Jordan.

Although Jordan may have played in a time when money wasn’t as plentiful as it is now, he has since made up for it and is currently ranked No. 379th place on the list of wealthiest Americans.
He received just $6.3 million over the course of seven years in his first NBA contract with the Chicago Bulls.

Later, the Bulls cancelled the final three years of his rookie deal and gave him an eight-year, $25.07 million deal.
LeBron James, in contrast, agreed to a two-year, $99,023,288 contract with the Los Angeles Lakers in 2022.
The agreement also included a player option for the 2024–2025 season.

Jordan is worth three times as much as James, the Lakers star who is the first active sports billionaire.
Vince McMahon, who co-founded the WWE, is just a few spots above Jordan and is the first athlete to ever make the top 400 list.

In 2022, the Hornets were worth $1.7 billion according to Forbes, but Jordan was able to secure an additional $1.3 billion for the team just a year later.
The sale was the second-largest in league history, but the valuation placed the team 27th overall among NBA teams.

Jordan’s ability to keep succeeding in life motivates Ted Leonsis, the owner of the Washington Wizards.
Michael Jordan is one of the select few people who have achieved success three times, according to Leonsis, who has worked with Jordan on numerous investments and sports ownership ventures in the past.

“Many entrepreneurs only succeed once.
They either experience a significant win, cash it in, retire, and disappear into oblivion, or they try something again and fail.
His three biggest successes have been.
“.

Only three athletes have ever been billionaires in history: Tiger Woods, LeBron James, and Michael Jordan.
Soccer stars Lionel Messi and Cristiano Ronaldo are probably going to add their names to the list soon, and Tom Brady might follow.