Building a legacy as an owner has been His Airness’s Achilles heel. Michael Jordan’s stint with the Charlotte Hornets was so bad that it even caused Jordan to give a cold shoulder to his great friend Charles Barkley after his comments about poor management. Regardless of the criticisms made on national TV, MJ had a tough 13 long years as the major shareholder of the Hornets. A decade has passed since the Barkley-Jordan fallout, and as it turns out, His Airness was sitting on a gold mine all these years.

MJ bought the team in 2010 for $275 million. But all is well that ends well. Despite the team’s inconsistent run for the last 13 years, it is still a win as his latest proposed net worth left everyone stunned. The Chicago Bulls legend must be beaming with joy seeing the valuation of the franchise grow exponentially since his takeover. 

A new net worth breakdown of Michael Jordan leaves fans in disbelief

As mentioned earlier, Michael Jordan always had his ways to mint big money. He revolutionized the sneakers industry with the iconic Air Jordan range across the globe. Apart from strapping his name on the shoes, he also earns royalties for each pair of shoes sold. With the announcement of the sale of his team on Friday, netizens took to their calculators for the big numbers.

Front Office Sports, a renowned sports Twitter account, dropped the number for MJ’s NBA salary, Nike revenue, and the Hornets sale value. While the accurate figure isn’t clear yet, MJ’s net worth is set to skyrocket to more than $3-3.5 billion. MJ surprised the hoops community with his recent $2 billion deal to sell the Charlotte Hornets. 

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MJ still holds a minor stake with the team and gave up the major stakes to Gabe Plotkin and Rick Schnall. Plotkin and Schnall, who already held stakes in the franchise, will carry the team forward from now on. In response to MJ’s net worth breakdown, fans flooded the comments with reactions.

Fans go haywire with the new revenue addition 

As soon as the news hit the floor, fans took to their social media, reacting to the humongous sale price. One user wrote, “Someone should tell Charles Barkley that Michael was successful with the Hornets after all.” Barkley was quite critical of MJ’s stint in Charlotte. Although he didn’t directly blame His Airness, he said that Jordan got the wrong people around him. This incident broke their friendship and they haven’t spoken to each other in over a decade now.

Some other fans mentioned how MJ deserved it after he only earned $93.8 million during his NBA career. They felt he was severely underpaid and this sale only makes up for all the money he’s lost. Replying to Chicago Tribune in 1996, MJ announced, “Nobody can really pay me what I’m worth.”

Another user said, “Michael Jordan is the ultimate baller both on and off the court! $2 billion from Nike AND $2 billion from selling the Hornets?” Here are some reactions from NBA fans.

Fans expect a better decision in the upcoming draft pick as the Hornets have won the second pick. 

Even though MJ couldn’t fulfill his dream of winning another ring, he satisfied it with the heavy dollar bill. What do you make of Michael Jordan’s unstoppable force in bagging billions of dollars? Let us know your thoughts in the comments. 

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