$1,700,000,000 Rich Michael Jordan Converts $50 Million Into $2 Billion if Bombshell Rumor Comes True, Says Stephen A

Michael Jordan is arguably the biggest product of the NBA. During his time with the Chicago Bulls, Jordan won 6 Championships and 6 finals MVPs. Post-retirement, he dedicated his time to the business world and has been conquering it ever since. No stranger to fame and wealth, Jordan’s net worth stands at a staggering $1.7 billion. As per multiple reports, His Airness is on track to add another couple of billion dollars to his wealth.

Jordan has been associated with several brands over the years, most notable of which is the Nike deal he struct back in 1984. The story behind that era-defining deal has been shown in the recently released movie ‘Air’. Now, almost 40 years later, Jordan is still making big moves for his empire. The rumors around MJ are at a high and if they turn out to be true, as told by sports journalist Stephen A. Smith, MJ would be adding about another $2 billion to his wealth.

Stephen A. Smith’s opinion on the Hornets rumor

Stephen A. Smith is a highly respected NBA personality. His comments and opinions are widely received and awaited by millions of people. Smith talked about the ongoing rumors of Jordan selling his majority stake in the Charlotte Hornets on his podcast K[NO]W MERCY. Jordan is the only black owner in the NBA and Smith is not happy about the rumor in that regard. However, he recognizes the contributions of people like Michael Jordan and Larry Bird. He said that the NBA would not be what it is if it wasn’t for these individuals.

Smith said, “His majority stake of the team, if it is sold, is reportedly going to be for an excess of $1.7 billion. I think it’ll be over $2 billion”. He compared the net worth of another franchise, the Phoenix Suns, which was valued at $4 billion. “Jordan in the city of Charlotte is going to get about $3 billion”, he added as per his calculations and understanding. He also applauded the business mindset of Jordan. ?40?50 million dollar investment and walking away with about 2 billion?, Smith said.

While it is still unclear whether the deal will happen or not, it certainly has built interest around the Hornets.

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Michael Jordan may sell his majority stake in the Charlotte Hornets

Jordan purchased the team back in 2010 for $180 million. Even though the team attracted more attention with the insurmountable association of one of the greatest NBA players of all time, the Hornets have failed to perform well in the last 13 years. They have only made it to the playoffs twice in 13 seasons and have a record of 419-595. Jordan’s team is ranked 27th in the 30-team league.

?Four years ago, Michael Jordan sold a stake in the Charlotte Hornets to a Gabe Plotkin-led group. At this time, it is unclear whether an additional sale will take place”, said Jump Management, Jordan’s family office in a press statement.

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