Michael Jordan's New Net Worth Makes Him One Of The 400 Richest People In America

BYZachary Horvath1.8K Views
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CHICAGO, IL - MARCH 12: Former player Michael Jordan of the Chicago Bulls addresses the crowd during a 20th anniversary recognition ceremony of the Bulls 1st NBA Championship in 1991 during half-time of a game bewteen the Bulls and the Utah Jazz at the United Center on March 12, 2011 in Chicago, Illinois. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Jonathan Daniel/Getty Images)
The sale of the Charlotte Hornets certainly helped.

There are not too many more people from the United States who can say they have more money than Michael Jordan. We knew this already for many reasons. He possibly has the greatest NBA career of any player to ever lace them up. The Air Jordan and Jordan brands sell thousands upon thousands of shoes and other apparel year in and year out. Because of this unprecedented success, Jordan can now be considered among the wealthiest people in America. Forbes announced it and TMZ Sports shared the news, so let us see how rich the icon is.

But, before we spill the beans, what pushed him to reach this incredible feat? Well, just a few months ago, Michael Jordan was a majority stake owner of the Charlotte Hornets NBA franchise. In fact, he was in the organization for 13 years. Even though he has been heavily criticized for the Hornets' rosters and draft picks, His Airness still managed to increase the team's worth. He purchased them for $275 million, according to SI, and flipped it to a whopping $3 billion.

Where Does Michael Jordan Fall On The List?

Chicago Bulls All-Star forward # 23 Michael Jordan file photos. (Photo by Tom Berg/WireImage)

After he sold the team to Gabe Plotkin and Rick Schnall in June, that would undoubtedly push him to crack Forbes' top 400 list of the wealthiest Americans. His new net worth is $3 billion as well, which is good for the 379 richest person in the states. This, of course, makes him the most affluent athlete of all time and the only one to be a part of this high honor. TMZ Sports also says to reach the top 100, your net earnings need to be around $9 billion. We are sure he can eclipse that as well, given his makeup and drive.

What are your initial thoughts on Michael Jordan eclipsing a net worth of $3 billion? How much further do you think he could climb up the list of the 400 wealthiest Americans? Will anyone come close to his mark? We want to hear what you have to say about all of this. With that in mind, be sure to leave all of your thoughts and opinions in the comments section below. Additionally, always keep it locked in with HNHH for all of the latest breaking news around Michael Jordan, as well as the rest of the sports world.

About The Author
Zachary Horvath is one of the Music Freelance News Writers at HotNewHipHop and has held that title since August 2023. Prior to this position, he held another freelance gig covering local high school football, girls and boys varsity basketball, in addition to recapping Cleveland Cavaliers games remotely. He's taken the previous experience and used it to become a jack of all trades at HotNewHipHop. Zach has thoroughly enjoyed tackling some of the trending topics in sports, with a larger focus on hip-hop and pop culture. Some of those include Bronny James's draft stock, a multitude of angles swirling around the Drake and Kendrick Lamar beef, as well as Diddy's arrest and lawsuits. Separate from the headlines that everyone wants to hear about, he was fortunate enough to help spread Zaytoven's current thoughts at the time around mid-December in 2023. Even though being able to give his expertise on these stories is fulfilling, being able to share his passion for releases trumps that ever so slightly. Having the chance to express his excitement indirectly about what he thinks our readers should be checking out/revisiting grows his passion for writing that much more.
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