Michael Jordan’s Net Worth Reportedly Increases To $3.5B After Selling Majority Stake In Charlotte Hornets

Beyond his role as team owner, Jordan has established himself as one of the greatest athletes turned businessman with an empire that speaks for itself.

In 1984, the NBA legend signed a deal with Nike that would scale from a partnership to the establishment of the Jordan Brand. In 2022 alone, Jordan Brand generated over $5 billion, AFROTECH previously mentioned.

This means he could have pocketed $256.1 million as he reportedly earns 5% from sales through his deal with Nike, per Front Office Sports.