Whether you are a basketball fan or not, chances are you have heard of the NBA legend Michael Jordan. Not only did he change the game of basketball but he broke records off the court with entrepreneurial endeavors. As a matter of fact, it was those ventures that landed him on Forbes 2015 World’s Billionaires List.
If you are thinking that it was his long-standing shoe deal with Nike which (the shoes you and your cousin may stand in long lines and fight over), it wasn’t; not that the unconfirmed 100 million a year in sales doesn’t help. Actually, Michael Jordan’s ownership of the former Charlotte Bobcats now Charlotte Hornets is what hoisted the greatest basketball player of all time into billionaire status.
Michael Jordan is now worth 1 billion dollars and is ranked as the 1,741st richest person in the world! This confirms him as one of only 9 black billionaires as well.
My two cents:
Jordan took ownership of the basketball team so that he could stay close to the game in 2010. Now he is reaping the benefits of smart business decisions. This is proof that if you constantly work at things that you love, you will not only feel great but reap massive financial rewards as well.
I tip my shoes in your direction Michael Jordan; keep showing us why you are the G.O.A.T