Michael Jordan occupation entrepreneur
Business ventures
In June 2010, Jordan was ranked by Forbes as the 20th-most powerful celebrity in the world, with $55 million earned between June 2009 and June 2010. According to Forbes, Jordan Brand generates $1 billion in sales for Nike. In June 2014, Jordan was named the first NBA player to become a billionaire, after he increased his stake in the Charlotte Hornets from 80% to 89.5%. On January 20, 2015, Jordan was honored with the Charlotte Business Journal's Business Person of the Year for 2014. In 2017, he became a part owner of the Miami Marlins of Major League Baseball.Forbes designated Jordan as the athlete with the highest career earnings in 2017. From his Jordan Brand income and endorsements, Jordan's 2015 income was an estimated $110 million, the most of any retired athlete. As of 2023, his net worth is estimated at $2 billion by Forbes, making him the fifth-richest African-American, behind Robert F. Smith, David Steward, Oprah Winfrey, and Rihanna.Jordan co-owns an automotive group which bears his name. The company has a Nissan dealership in Durham, North Carolina, acquired in 1990, and formerly had a Lincoln–Mercury dealership from 1995 until its closure in June 2009. The company also owned a Nissan franchise in Glen Burnie, Maryland. The restaurant industry is another business interest of Jordan's. Restaurants he has owned include a steakhouse in New York City's Grand Central Terminal, among others; that restaurant closed in 2018. Jordan is the majority investor in a golf course, Grove XXIII, under construction in Hobe Sound, Florida.In September 2020, Jordan became an investor and advisor for DraftKings.
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