*Speculation about Michael Jordan’s financial status has swirled online, with some claiming the basketball legend faced money troubles after losing $500 million in the 2021 GameStop stock frenzy, forcing him to sell the Charlotte Hornets.
Contrary to rumors of financial struggles, Jordan’s $3.5 billion net worth in 2025, as reported by Forbes, confirms his status as one of the wealthiest former athletes, with recent ventures further strengthening his financial standing.
Far from being broke, Jordan’s sale of the Hornets was a calculated triumph. He first invested in the franchise in 2006, became majority owner in 2010, and sold a minority stake in 2019 at a $1.5 billion valuation. In 2023, he sold his majority stake for $3 billion, nearly tripling his investment. This move, far from a desperate act, underscores his business acumen. Additional income streams, including millions from the Jordan Brand with Nike, endorsements with Gatorade and Hanes, and co-ownership of the NASCAR team 23XI Racing, further bolster his fortune.
Jordan’s next chapter includes a role as a special contributor for NBC Sports’ NBA coverage, starting with the 2025–26 season, when the NBA returns to NBC after a 23-year hiatus.
“The NBA on NBC was a meaningful part of my career, and I’m excited about being a special contributor to the project,” Jordan, 62, said in a news release.
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NBC Sports President Rick Cordella praised the addition: “Michael’s legacy both on and off the court speaks for itself.” The network’s 11-year NBA and WNBA deal includes Monday night games on Peacock, Tuesday doubleheaders, and Sunday Night Basketball.
Jordan’s growing wealth, strategic investments, and role as an NBC Sports NBA contributor show the six-time champion continues to outpace rumors, solidifying his enduring legacy.
MORE NEWS ON EURWEB.COM: Michael Jordan Returns to NBA Spotlight as NBC Sports Contributor for 2025 Season
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