With $3,500,000,000 News, Michael Jordan Eclipses New Triumph Despite Being Threatened by Financial Loss at NASCAR Venture

How many more records will Michael Jordan break? There doesn’t seem to be an end to it. The Chicago Bulls legend has stayed a superstar even after he retired from the game of basketball. With some major investments, the 60-year-old has now created a legacy that even most NBA superstars cannot reach. His brand ‘Air Jordan’, along with the Nike organization, continues to rule the sports market even today. Recently, this has helped the 6-time champion top another list that he can boast about. However, his NASCAR investment is yet to bear fruit.

Ever since MJ started the ’23XI’ racing, his success in NASCAR has been very minimal. Even after a prolonged time, his NASCAR investment has not given a promising return. Now at the verge of losing a hefty amount, Jordan has still managed to top an honorable list!

Michael Jordan creates a rich history even with a financial crisis

Nike earned nearly $23 billion last year. In 2022, Michael Jordan earned $250 million with a 5% royalty for the sale of every ‘Jordan’ product. This year, they expect the same amount of sales or even higher. In the meantime, His Airness sold his longstanding NBA franchise stake. Though he didn’t find success as an owner of the Charlotte Hornets, MJ did manage to sell the franchise for a massive $3 billion.?

Financial decisions like this have helped the 5-time MVP become a billionaire. Now, as per Bloomberg’s reports, Jordan with a net worth of $3.5 billion is the “Wealthiest Basketball Player Ever”.?

Big names like LeBron James, Stephen Curry, etc. might compete with Jordan in a few years. However, none might reach the heights achieved by the 60-year-old icon.?

Watch this story: ” ‘Damn this man is still here’: Klay Thompson in shambles over latest LeBron James announcement”

Unfortunately, his NASCAR business is something he still might not be proud of.?

Michael Jordan’s NASCAR crisis

Looks like Jordan’s decision with the Hornets might be witnessed soon in his NASCAR business.

His company ’23XI’ which he started with NASCAR superstar Denny Hamlin has not found a great success in the last few races

‘Front Row’s Michael McDowell knocked out ’23XI’s Bubba Wallace out of playoffs to make it even worse. According to reports, Jordan and his company could miss out on earning a “huge sum of money” due to McDowell’s excellence.?

However, this doesn’t seem to be a hindrance to MJ when it comes to wealth. What are your thoughts on this record by MJ??

Read more: Michael Jordan Could Be Forced to Take a Step Backward as Negotiations With Toyota Stay Stagnant