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Did Michael Jordan make money on the Hornets?

Asked by Anonymous Sep 02, 2026 37 views 1 answers
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Answered Sep 02, 2026

Michael Jordan generated an extraordinary financial return by investing in and eventually selling his controlling stake in the Charlotte Hornets franchise. He initially purchased a minority ownership share in the team back in 2006 before acquiring a controlling majority stake in 2010 for roughly two hundred and seventy-five million dollars. When he finalized the sale of his majority interest to an incoming investor group led by Gabe Plotkin and Rick Schnall, the team's valuation was set at approximately three billion dollars. This massive valuation increase over his thirteen-year tenure as principal owner meant Jordan profited immensely from the transaction, turning his initial investment into a multi-billion-dollar payday while retaining a small minority share in the organization.

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