Black Billionaires of 2019

9. Michael Jordan

Net Worth: $1.9B

The number 9 slot is also claimed by another Michael, the great Michael Jordan. Michael Jordan is regarded by most as the NBA’s greatest all-time player and has won six titles with the Chicago Bulls.

He is the majority shareholder of Charlotte Bobcats and enjoys lucrative deals with the likes of Gatorade, Hanes and Upper Deck. His biggest pile of wealth comes from his Brand Jordan, a $1 billion (sales) sportswear partnership with Nike.

Jordan bought a majority stake in the Charlotte Hornets in 2010 for a grossed-up value of $175 million. The Hornets are now worth $1.05 billion with Jordan owning 90% of the team. His $175 million investment sure has been one that has paid off.

⚠️ Make sure to Like Us 👍🏾 on Facebook using the widget below so you don’t miss out on new stories like this. ⬇️

What do you think?

Don't Miss

Oldest Black-Owned Bookstore in the Country Founded 60 Years Ago is Still Thriving

More women come forward in Lifetime’s new season of ‘Surviving R. Kelly’