Despite Michael Jordan?s $150 Million Investment, 23XI Racing?s Value Is Nowhere Close to Competitors Hendrick Motorsport?s Worth

Michael Jordan was the first ever billionaire-athlete in the world. Over the years, Jordan has had the incredible success of the ?Jordan? brand and his other business ventures. His ?king-sized? life has inspired millions to strive towards greatness just like he did and continues to do. He is the owner of multiple professional sports teams like the ?23XI Racing? in NASCAR.

In a recent statistics report, it was stated that Hendrick Motorsport?s worth is much more than Jordan?s ?23XI Racing?.

Jordan?s ?23XI Racing? value nowhere close to Hendrick Motorsport?s Worth

Hendrick Motorsport is widely known as one of the NASCAR Super Giants. The man behind this legendary team is Joseph Riddick “Rick” Hendrick, who has a net worth of around $1 billion. He is one of the most successful NASCAR owners with 14 Cup Series championships.

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He was inducted into the NASCAR Hall of Fame in 2017 and the Motorsports Hall of Fame of America in 2020. The current net worth of Hendrick Motorsport worth is at a staggering $315 million. Founded in 1984, the legendary Motorsport company has had a $100 million dollar increase in net worth in the last 10 years.

With an incredible personal net worth of $2.5 billion, Michael Jordan?s long dream to own a NASCAR team finally came true. However, his relatively new NASCAR team 23XI Racing?s value is nowhere close to that of Hendrick Motorsport?s.

Michael Jordan?s Investment in the NASCAR team

In September 2020, Michael Jordan became the majority owner of a NASCAR team called ?23XI Racing?. The talented former NASCAR driver Denny Hamlin is a minority co-owner of ?23XI Racing?.

As an owner of the NASCAR team, Jordan was able to acquire many sponsors for the team like Root Insurance, DoorDash, Columbia Sportswear, Dr. Pepper, and McDonald?s. Apart from the sponsorships, Jordan invested a whopping $150 million into the NASCAR team. Hence, the current net worth of the team stands at $150 million. Considering it?s a very ?new? team, Jordan?s investment in the NASCAR team continues to garner a lot of attention from fans all over the world to the sport.

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What are your thoughts on Hendrick Motorsport?s staggering net worth? Let us know in the comments below!