Despite Having 6x Net Worth, Billionaire Michael Jordan Falls Behind MLB Great Alex Rodriguez in Elite Spending Category

Alex Rodriguez has amassed a net worth of $350 million due to his MLB career and his current business ventures. The former New York Yankees legend has invested wisely, starting with real estate and then branching into other businesses. After buying the NBA side Minnesota Timberwolves, he even managed to surpass $1.7 billion Michael Jordan in a specific category.?

Jordan is among the richest athletes in the world and is known for his savvy business mentality. Furthermore, he has invested in a multitude of high-value ventures over the years. But with the Timberwolves, Rodriguez has managed to best Jordan in spending.?

Alex Rodriguez has spent the most money by a former athlete to buy a sports team

Michael Jordan bought the Charlotte Hornets in 2010, setting the record for the most money spent by a former athlete to buy a sports team. But former MLB star Alex Rodriguez has reportedly broken that record while purchasing the NBA Western Conference team Minnesota Timberwolves. According to Front Office Sports, A-Rod has spent more than $200 million, surpassing Jordan?s previous record. This is a huge accomplishment for the former New York Yankees superstar.?

In a Tweet, Front Office Sports said, ?Alex Rodriguez has contributed more than $200M to buy the Minnesota Timberwolves ? surpassing Michael Jordan for the most cash input ever made by a former athlete to buy a pro sports team. ARod and Marc Lore now own nearly 40% of the franchise.??

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Rodriguez has loved being the owner so far, regularly appearing at T-Wolves games and cheering on his players. Furthermore, he and co-owner Marc Lore have made some big moves and are looking to make the team competitive. Jordan on the other hand has had relatively little success as an owner despite being an NBA legend.

Michael Jordan was a legendary basketball player but has not yet succeeded as an owner

When Michael Jordan bought the Charlotte Hornets, many expected the team to become a juggernaut. Instead, they fail to make the playoffs on a regular basis. The times they have qualified for the playoffs, they often go out in the first round. They currently have a promising young star in LaMelo Ball, but it remains to be seen if Jordan can put a good supporting cast around him.?

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