Michael Jordan is the greatest basketball player of all time. And the richest.
The National Basketball Association legend’s sale of his stake in the Charlotte Hornets this month cemented his net worth at an estimated $3.5 billion, according to the Bloomberg Billionaires Index, which is calculating his fortune for the first time.
Jordan, who led the Chicago Bulls to six NBA titles and won five MVP awards, is a cultural icon whose likeness, from his silhouette on shoes to his smiling face on $100 collectible Wheaties boxes, is ubiquitous. The hall-of-fame player became the league’s second Black majority owner in 2010 when he bought a controlling stake in the Hornets, then called the Bobcats. But it was a licensing agreement with Nike Inc. in the 1980s, when Jordan was still relatively unknown, that formed the foundation of his trailblazing fortune.
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