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Michael Jordan is unanimously known as possibly the greatest NBA player of all time.
Even for people who have never watched sports, his name is synonymous with greatness.
Not only did he win six NBA championships, but he also found great success in the business world too.
According to Front Office Sports, via NBACentral, Jordan is the first athlete to make the Forbes 400 list of the richest Americans with a net worth that is more than $3 billion.
Michael Jordan is the first athlete to make the Forbes 400 list of richest Americans
He’s now worth $3B
(Via @FOS ) pic.twitter.com/dvGml9y9Du
— NBACentral (@TheDunkCentral) October 2, 2023
Jordan has amassed this huge sum through a bunch of very successful and smart business deals.
He has created endorsements and arrangements with companies such as McDonald’s, Gatorade, Hanes, and, of course, Nike.
Nike is the biggest and most meaningful business relationship for Jordan.
Back in the 1980s, Jordan was signed to the shoe company when it was still not very well known.
Over the years, Nike has become a juggernaut, partly due to the power of the Jordan brand.
Jordan recently signed away his majority stake in the Charlotte Hornets and that only added to his insanely deep bank account.
Again and again over the years, Jordan has made some expert business decisions and it has made him successful in the world of business.
Being a professional athlete and billionaire is not common.
Even though stars from the NBA, NFL, and other leagues earn a lot of cash, very few have reached that threshold.
Jordan is part of an exclusive club featuring LeBron James and Tiger Woods.
But Jordan did it long before those two.
There is no doubt that more and more athletes will become billionaires.
As contracts grow larger, other players will soon be on the Forbes 400.
But for now, Jordan is once again in a league of his own.
The post Michael Jordan Has Reached A Major Financial Milestone appeared first on The Cold Wire.
Michael Jordan Has Reached A Major Financial Milestone
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