{"id":22677,"date":"2021-10-17T04:40:38","date_gmt":"2021-10-17T09:40:38","guid":{"rendered":"https:\/\/myboysay.com\/blog\/?p=22677"},"modified":"2021-10-17T04:54:02","modified_gmt":"2021-10-17T09:54:02","slug":"the-michael-jordan-and-mark-cuban-investment-its-a-gamble-a-great-one","status":"publish","type":"post","link":"https:\/\/myboysay.com\/blog\/?p=22677","title":{"rendered":"the michael jordan and mark cuban investment, it’s a gamble, a great one………"},"content":{"rendered":"
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Where Michael Jordan is looking for next big win in business<\/h1>\n<\/header>\n<\/div>\n<\/div>\n<\/div>\n
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\"Investor<\/div>\n<\/div>\n<\/div>\n
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Investor Michael Jordan joins Sportradar founder and CEO Carsten Koerl for remarks before ringing the Nasdaq opening bell in celebration of the launch of the company\u2019s IPO on Sept. 14 in New York City.<\/strong><\/p>\n<\/div>\n<\/figure>\n

@Jumpman23<\/strong><\/p>\n<\/div>\n<\/div>\n

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One of the all-time greats in the world of sports is looking for his next big win in business, raising his stake in a sports technology and data company that recently made its debut on the stock market. A press release from Sportradar (Nasdaq: SRAD) says Michael Jordan is increasing his investment<\/a> and taking on a new role as special adviser to the company’s board of directors.<\/strong><\/p>\n

Jordan, majority owner of the Charlotte Hornets, first invested in Sportradar in 2015, when he and fellow NBA team owner Mark Cuban participated in a $44 million funding round for the Switzerland-based company, according to a TechCrunch report<\/a> at the time. Cuban, a prolific investor perhaps best known for his role on reality TV’s “Shark Tank” and his ownership of the Dallas Mavericks, told the news outlet he believes that Sportradar is positioned to be a major player in sports data.<\/strong><\/p>\n

\u201cI invested in Sportradar years ago because I believed in the vision and passion that (CEO Carsten Koerl) and the rest of the team had for transforming the sports technology industry,\u201d Jordan says in the release distributed yesterday afternoon. \u201cI am looking forward to having a formal role with the company as it begins its next chapter.\u201d<\/strong><\/p>\n

Sportradar didn’t disclose the size of Jordan’s investment. In the advisory role, he will focus on the U.S. market, product development, marketing and other business initiatives. Established in 2001, the company provides products and services related to sports betting and entertainment, according to its release. It counts major sports leagues and media organizations among its partners and customers.<\/strong><\/p>\n

Jordan was on hand for Sportradar’s trading debut last week, joining Koerl to ring the NASDAQ opening bell<\/a>. A Bloomberg<\/em> report following the initial public offering pegged the company’s value around $7.4 billion<\/a>. Its shares were trading around $26.25 as of 10:50 a.m. today \u2014 down about 2.8 percent from its IPO price of $27 per share but up 7.2 percent from its closing price of $25.05 on that first day on the market.<\/strong><\/p>\n

Reuters notes Jordan is also an investor and adviser for DraftKings<\/a>, a player in the fantasy sports and betting arena. Aside from the Hornets, his other business investments include, of course, his namesake Jordan Brand sneakers and apparel as well as partial ownership of a newly launched NASCAR team<\/a> called 23XI Racing.<\/strong><\/p>\n

Michael Jordan and Mark Cuban Made an Investment in 2015 That Is Paying Nearly $8 Billion in Dividends<\/strong><\/h1>\n

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Charlotte Hornets governor Michael Jordan<\/a> and Dallas Mavericks<\/a> governor Mark Cuban<\/a> both invested in a nascent sports company called Sportradar all the way back in 2015. Six years later, that investment could pay big dividends.<\/strong><\/p>\n<\/div>\n

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Sportradar has generated ample revenue in the past several years and just launched an IPO on Tuesday. Early valuations suggest Jordan and Cuban stand to make some money, especially given Sportradar\u2019s prevalence in sports betting.<\/strong><\/p>\n<\/div>\n

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Michael Jordan and Mark Cuban were part of a group that invested $44 million in Sportradar back in 2015<\/strong><\/h2>\n<\/div>\n
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6) Outside of the Hornets, Michael Jordan has worked hard to diversify his investment portfolio.<\/strong><\/p>\n

In 2015, Michael Jordan and Mark Cuban participated in a $44M funding round for sports data company Sportradar \u2013 which is currently valued at $2.5 billion.<\/strong><\/p>\n

\u2014 Joe Pompliano (@JoePompliano) August 26, 2020<\/a><\/strong><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<\/div>\n

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Mark Cuban made his money as a tech-savvy businessman. It\u2019s no surprise he saw an opportunity with Sportradar. But Michael Jordan has also gone to great lengths to diversify his portfolio.<\/strong><\/p>\n<\/div>\n

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The Hornets governor has invested in several different companies, including other tech brands such as Gigster. He\u2019s become even savvier in spreading his wealth across different industries. One might expect Michael Jordan to expand beyond shoes<\/a>, given Jordan Brand continues to churn out revenue like clockwork.<\/strong><\/p>\n<\/div>\n

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In any event, MJ joined Cuban in a $44 million funding round for Sportradar back in 2015. At the time, the company had already agreed to partnerships with the NFL and NHL, and its data information loomed especially large in fantasy sports.<\/strong><\/p>\n<\/div>\n

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\u201cSportradar is well-positioned to be a global force in the sports data business,\u201d Mark Cuban told TechCrunch<\/a> at the time. \u201cTheir data scientists are amazing.\u201d<\/strong><\/p>\n<\/div>\n

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The investment has seemingly aged better and better over time. Sportradar was valued at close to $3 billion last spring, and the rise in sports betting has only heightened the company\u2019s valuation.<\/strong><\/p>\n<\/div>\n

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Indeed, Sportradar launched an IPO on Tuesday. Jordan himself was even in attendance.<\/strong><\/p>\n<\/div>\n

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Sportradar opened its IPO at an $8 billion valuation and closed at a $7.4 billion valuation<\/strong><\/h2>\n<\/div>\n
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On your mark, get set\u2026 GO! \ud83d\udece\ud83c\udf8a<\/strong><\/p>\n

Alongside Michael Jordan, @Sportradar<\/a> rings the Opening Bell in celebration of their listing on @Nasdaq<\/a>! \ud83c\udf89 #SportradarIPO<\/a> pic.twitter.com\/YKIVzGd01i<\/a><\/strong><\/p>\n

\u2014 Nasdaq (@Nasdaq) September 14, 2021<\/a><\/strong><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<\/div>\n

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Michael Jordan made the trek to Wall Street<\/a> on Tuesday as Sportradar prepared to launch its IPO.<\/strong><\/p>\n

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Jordan rang the Opening Bell after the company made its listings on the NASDAQ, with shares selling anywhere between $25 and $28. Sportradar raised $513 million at the close of business on Tuesday, dropping its valuation from $8 billion to $7.4 billion.<\/strong><\/p>\n<\/div>\n

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The drop in valuation might seem discouraging. However, Sportradar experienced tremendous year-over-year growth.<\/strong><\/p>\n<\/div>\n

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According to Bloomberg<\/a>, Sportradar reported $322 million in revenue during the first sixth months of 2021, up from around $226.7 million during the same period last year. The company lost a bit of profit, but that might not come as a surprise considering the cost of business and spending more to account for potential losses during the pandemic.<\/strong><\/p>\n<\/div>\n

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Perhaps the IPO will help galvanize the company. Bloomberg also reported that a $159 million \u201cprivate placement\u201d was set to occur with the IPO.<\/strong><\/p>\n<\/div>\n

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Michael Jordan and Mark Cuban stand to make some money<\/strong><\/h2>\n<\/div>\n
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\"The<\/strong><\/div>
People visit Sportradar booth at the International Sports convention for Television and New Media (Sportel) trade<\/strong><\/figcaption><\/figure>\n<\/div>\n
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It\u2019s unknown just how much Jordan and Cuban invested in the initial funding round and how much each might have invested in Sportradar since. The company\u2019s IPO is also worth tracking for the remainder of the week.<\/strong><\/p>\n<\/div>\n

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Regardless, MJ and Cuban will likely make some money.<\/strong><\/p>\n<\/div>\n

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Sportradar has experienced tremendous year-over-year growth. The company has partnerships with just about every North American sports league and has a lot to offer betting platforms like DraftKings, FanDuel, and others.<\/strong><\/p>\n<\/div>\n

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Both Cuban and Jordan understand not all investments<\/a> are winners. But the investment both made back in 2015 should pay some dividends in 2021.<\/strong><\/p>\n

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Michael Jordan and Mark Cuban invest in parent of Minneapolis-based Sportradar<\/strong><\/h1>\n<\/header>\n<\/div>\n<\/div>\n<\/div>\n
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\"\"<\/strong><\/div>\n
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Charlotte Hornets owner Michael Jordan is one of the new investors in Sportradar, which has its U.S. offices in Minneapolis.<\/strong><\/p>\n<\/div>\n<\/figure>\n<\/div>\n<\/div>\n

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Several professional sports team owners, including basketball great Michael Jordan<\/a> and Mark Cuban<\/a>, are investing in Sportradar so that the Swiss company can expand in the United States.<\/strong><\/p>\n

Sportradar’s U.S. headquarters are in Minneapolis, where people work day and night logging all kinds of sporting events so fans can get instant updates on their smartphones and computers. The U.S. business was launched in 2010 by Rob Phythian<\/a> and Dave Abbott<\/a> as SportsData; they sold it to Sportradar<\/a> in 2013 and the company has been growing quickly since, landing exclusive partnerships with the NFL, NHL and NASCAR.<\/strong><\/p>\n

Sportradar doesn’t have that kind of deal with the NBA, but the new investors include some of the biggest names in the league: Jordan, the former Chicago Bulls star, now owns the Charlotte Hornets, while Cuban owns the Dallas Mavericks. Also making investments are Ted Leonsis<\/a> \u2014 who owns the NHL, NBA and WNBA teams in Washington, D.C. \u2014 and Evan Morgan<\/a> of private equity firm Revolution Growth.<\/strong><\/p>\n

The new investors are collectively investing about $45 million and will join the Sportradar US advisory board. It’s not yet been decided where that board will meet.<\/strong><\/p>\n

\u201cWe look forward to partnering with the Revolution Growth team, and some of the best and brightest minds in technology and sports as we look to diversify and expand our product offerings,\u201d Carsten Koerl, founder and CEO of Sportradar, said in a news release.<\/strong><\/p>\n

Leonsis told Bloomberg that the investment is a bet on the likelihood that sports betting becomes legal in the U.S.,<\/a> since bookmakers are some of the company’s top clients in Europe, where sports betting is already legal.<\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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The Data Company That Just Landed Mark Cuban and Michael Jordan as Investors<\/strong><\/h2>\n

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The Dallas Mavericks owner is joining the basketball legend to acquire a minority stake in Sportradar.<\/strong><\/h3>\n
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\"The<\/picture><\/strong><\/p>\n
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Getty Images<\/strong><\/figcaption><\/figure>\n
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Mark Cuban<\/a> and Michael Jordan may\u00a0own competing NBA franchises, but when it comes to sports data,\u00a0they’re on the same team.<\/strong><\/p>\n<\/div>\n

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Cuban and Jordan have joined venture firm Revolution Growth to acquire a minority stake in sports-data technology company Sportradar<\/a>. Revolution declined\u00a0to disclose the size of the investment, but a source familiar with the situation said the funding round was roughly\u00a0$45 million.<\/strong><\/p>\n<\/div>\n

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Founded in 2001, Sportradar provides information\u00a0and data on 48 different sports\u00a0to companies such as Google, Turner Media, and Yahoo Sports, the\u00a0dominant player in the\u00a0fantasy sports industry with nearly 20 percent market share<\/a>.\u00a0Switzerland-headquartered Sportradar\u00a0began by offering data and fraud detection\u00a0services to\u00a0sports teams and leagues in Europe before\u00a0switching its focus\u00a0to\u00a0real-time sports data and statistics.<\/strong><\/p>\n<\/div>\n

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The company makes money by licensing\u00a0its data to businesses in the gaming industry and other sports-related companies, which then provide\u00a0the data to\u00a0consumers. “People are just insatiable for the kind of data and information that they want to track, either for their own enjoyment or because they play fantasy games,” says Ted Leonsis, co-founder of\u00a0Revolution Growth.\u00a0Cuban, Jordan, and Leonsis are all joining Sportradar’s U.S. advisory board. Cuban did not respond to a request for comment.<\/strong><\/p>\n<\/div>\n

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Private equity firm EQT invested around $50 million in Sportradar in 2012 when the company was valued at roughly $140 million. In 2013, Sportradar began licensing its data to businesses in the U.S. The company generated about $100 million in annual revenue in 2014, according to data from EQT.<\/strong><\/p>\n<\/div>\n

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During the past nine months, Sportradar has made exclusive agreements with the NFL, NHL, International Tennis Federation, and NASCAR. The company will use the funding round led by Revolution primarily to help create new data products for businesses in the fantasy sports, gaming, social-media, and technology sectors.<\/strong><\/p>\n<\/div>\n

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While gambling on sports continues to be illegal in most U.S. states, Leonsis says Sportradar’s data is\u00a0sought by enough non-gambling companies to create a significant market opportunity in the U.S.<\/strong><\/p>\n<\/div>\n

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“The licensing of data to consumers and to media companies–that’s going to happen whether there’s legalized gaming or not,” he says, adding that it’s widely expected that the U.S. will allow some form of legal gambling on sports in the near future.<\/strong><\/p>\n<\/div>\n

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Sportradar has more than 1,000 total employees in offices in Switzerland, Minneapolis, San Francisco, and New York. The most compelling statistic related to the company, however, pertains to the growing popularity of fantasy sports, according to Leonsis.<\/strong><\/p>\n<\/div>\n

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“There are 60 million people playing some kind of daily fantasy,” he says. “Five years ago, there were none.”<\/strong><\/p>\n

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Michael Jordan Net worth (Updated 2021)<\/h1>\n<\/div>\n
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Name<\/strong><\/td>\nMichael Jordan<\/td>\n<\/tr>\n
Net Worth<\/strong><\/td>\nApprox 2.2 Billion Dollars<\/td>\n<\/tr>\n
Age<\/strong><\/td>\n57 Years<\/td>\n<\/tr>\n
Residence<\/strong><\/td>\n2700 Point Drive, Highland Park, IL<\/td>\n<\/tr>\n
Marital Status<\/strong><\/td>\nMarried<\/td>\n<\/tr>\n
Wife<\/strong><\/td>\nYvette Prieto<\/td>\n<\/tr>\n
Source of Wealth<\/strong><\/td>\nFormer NBA player, Charlotte Hornets team owner<\/td>\n<\/tr>\n
Salary<\/strong><\/td>\nApprox $130 Million<\/td>\n<\/tr>\n
Endorsement<\/strong><\/td>\nNike, Hanes, Gatorade and Upper deck<\/td>\n<\/tr>\n
Endorsement Earnings<\/strong><\/td>\n130 Million dollars<\/td>\n<\/tr>\n
Philanthropy<\/strong><\/td>\n30 million dollars donated to activists projects<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Widely considered as the greatest of all time, Michael Jordan was the pioneer that led NBA basketball to a global stage. His relentless pursuit of greatness inspired a generation of players, destroyed the hopes of anybody that played against him and won him 6 rings. The way he carried himself and the way he was perceived on and off-court put him in such rare air that it is still considered sacred.<\/p>\n

\"Michael<\/p>\n

How much is Michael Jordan’s net worth in 2021?\u00a0<\/strong><\/h2>\n

As of March 2021, according to Forbes, Michael Jordan’s net worth is estimated to be $2.2 billion. Michael Jordan has earned his money over the years not only through his massive Jordan Brand salary but also some massive endorsement deals from almost every major company in the United States and several profitable investment ventures.<\/p>\n

Apart from dominating in the NBA, he is also a shrewd investor. Through his investments and proper money management, he has become one of the wealthiest athletes on the planet having a net worth of approximately 2.1 billion dollars. He is also the owner of Charlotte Hornets and owns a major portion of his personal brand under Nike, the Jordan Brand. He has probably the most popular sneaker line in the world, which currently has young stars like Jayson Tatum and Zion Williamson under its umbrella.<\/p>\n

After Star Footballer Messi signed for the French Club Paris Saint German in 2021, Michael Jordan apparently earned $ 6 million dollars due to the shirt sales. One important thing to note is that Paris Saint German football kits are made by the Jordan Brand.<\/p>\n

\"Jordan<\/p>\n

Michael Jordan’s Endorsement Earnings<\/h2>\n

Michael Jordan earned a majority of his current wealth from endorsements. In over four decades, he\u2019s earned $1.7 billion (pre-tax) off the court from brands like Nike, Coca-Cola, McDonald\u2019s, Wheaties, Chevrolet, etc, and\u00a0is still involved with brands such as Nike, Hanes, Gatorade, and Upper Deck.<\/p>\n

Nike<\/strong><\/h3>\n

Nike has always been Jordan\u2019s biggest source of income. His first-ever\u00a0five-year Nike deal signed in 1984 was worth $500,000 annually (about $1.2 million in today\u2019s dollars), plus royalties. His take last year (included within the tally above) was $130 million by Forbes\u2019 count, fourfold as much as that of LeBron James, who has the NBA\u2019s second-biggest shoe deal.<\/p>\n

Nike released the Air Jordan XXXIV basketball shoe in September, and current NBA players Zion Williamson, Jayson Tatum, and Rui Hachimura wear it on the court. Nike\u2019s share of the U.S. basketball performance shoe market\u2014which includes the Jordan Brand was 86% in 2019, according to market research firm NPD. It has a 96% share of the broader lifestyle basketball category.<\/p>\n

Charlotte Hornets<\/h3>\n

He took majority control of the team in 2010 during a deal valued at $175 million that was largely funded with debt. He eventually raised his stake to 90%. He invested at the perfect time and was just in time for an explosion in team values triggered by three major events: a replacement collective bargaining agreement that cut players\u2019 share of revenue to 50% in 2011, from 57%; the Ballmer bump, which came after former Microsoft CEO Steve Ballmer paid $2 billion in 2014 for the LA Clippers, quite 3 times the previous record NBA price; and a replacement NBA TV affect ESPN and TNT that tripled the worth of the previous pact.<\/p>\n

Michael Jordan’s Investments<\/h2>\n

Michael Jordan has been a shrewd investor and he\u2019s individually participated in funding rounds for Sportradar, a Switzerland-based sports data provider; headphone brand Muzik; Gigster, a San Francisco-based marketplace for freelance tech talent; and aXiomatic. Jordan joined fellow NBA Hall of Famer Magic Johnson in 2018 as an investor in aXiomatic, which is the parent company of esports squad Team Liquid, recently valued at $320 million.<\/p>\n

Jordan joined three other fellow NBA owners\u2014the LA\u00a0Lakers\u2019 Jeanie Buss, the Milwaukee Bucks\u2019 Wes Edens and therefore the Boston Celtics\u2019 Wyc Grousbeck\u2014launched a super-premium tequila brand, Cincoro, last year. The most expensive bottle within the line, Extra A\u00f1ejeo, retails for $1,600.(Source: Forbes)<\/p>\n

Michael Jordan’s Charity Work<\/h2>\n

Michael Jordan has been a major contributor to many charitable organizations. Proceeds from “The last dance” Netflix’s recent documentary featuring Jordan\u2019s last championship run with the Bulls will all go to charity, including the Friends of the Children nonprofit in support of the group\u2019s national expansion and add Charlotte and Chicago, also as other as-yet identified beneficiaries.<\/p>\n

Jordan graciously joined most other NBA owners with a pledge to pay arena workers for missed games during the coronavirus stoppage, and the club has donated to relief efforts within the Carolinas. In recent years, he wrote seven-figure checks to help out with hurricane relief efforts in both the Bahamas and therefore the Carolinas, and he has been involved in the Make-A-Wish foundation for 3 decades as a donor and grantor of hundreds of wishes.<\/p>\n

Michael Jordan’s other sources of Income<\/h2>\n

Michael Jordan knows the value of having multiple sources of income. Apart from his major investments in Hornets and the Jordan Brand, MJ joined the investor group that bought MLB\u2019s Miami Marlins for $1.2 billion in 2017. Derek Jeter, a longtime Jordan pal, is the club\u2019s CEO and owns 4% of the team while Jordan owns 1%.<\/p>\n

Jordan also owns a car dealership and maybe a partner in Cornerstone Restaurant Group, which runs five Jordan-branded restaurants.<\/p>\n

Michael Jordan’s Houses<\/h2>\n

\"Michael<\/p>\n

Michael Jordan owns 5 houses across America. He owns two homes in North Carolina where the NBA team he owns, the Charlotte Hornets, is based, and one in Jupiter, Florida. The other two are currently purchasable in Illinois and Utah.<\/p>\n

In Illinois, Jordan features a property within the Highland Park suburb of Chicago. The massive housing space is about 32,000 square feet, but with outdoor spaces that include a pool and a court, the whole property covers a whopping 56,000 square feet. The house is currently selling for $14.8 million. It has 9 bedrooms and 19 bathrooms. The house\u00a0has been on the market since 2012.<\/p>\n

Jordan is also an owner of a house in Jupiter, Florida, on a golf course for $4.8 million in 2013, and spent $7.6 million renovating it. The Chicago Bulls legend used to spend a lot of time there, as reported by Yahoo Sports from May 2020.<\/p>\n

Michael Jordan has a lakefront home in Cornelius, North Carolina that he bought for $2.8 million in 2013. The house has six bedrooms and is on the Peninsula golf course, a luxury country club. It’s 22 miles from where the Hornets play.<\/p>\n

Jordan has another North Carolina property in Charlotte. The whole 7th floor of the luxurious Trust Condos at about 7,000 square-feet.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

Michael Jordan<\/strong><\/h1>\n
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Michael Jordan<\/strong><\/caption>\n
\"Michael<\/a><\/strong><\/p>\n
Jordan in 2014<\/strong><\/div>\n<\/td>\n<\/tr>\n
Charlotte Hornets<\/strong><\/th>\n<\/tr>\n
Position<\/strong><\/th>\nOwner<\/strong><\/td>\n<\/tr>\n
League<\/strong><\/th>\nNBA<\/a><\/strong><\/td>\n<\/tr>\n
Personal information<\/strong><\/th>\n<\/tr>\n
Born<\/strong><\/th>\nFebruary 17, 1963 (age\u00a058)<\/span><\/strong>
\nBrooklyn, New York<\/a><\/strong><\/td>\n<\/tr>\n
Nationality<\/strong><\/th>\nAmerican<\/strong><\/td>\n<\/tr>\n
Listed height<\/strong><\/th>\n6\u00a0ft 6\u00a0in (1.98\u00a0m)<\/strong><\/td>\n<\/tr>\n
Listed weight<\/strong><\/th>\n216\u00a0lb (98\u00a0kg)[a]<\/a><\/sup><\/strong><\/td>\n<\/tr>\n
Career information<\/strong><\/th>\n<\/tr>\n
High school<\/strong><\/th>\nEmsley A. Laney<\/a><\/strong>
\n(Wilmington, North Carolina<\/a>)<\/strong><\/td>\n<\/tr>\n
College<\/strong><\/th>\nNorth Carolina<\/a> (1981\u20131984)<\/strong><\/td>\n<\/tr>\n
NBA draft<\/a><\/strong><\/th>\n1984<\/a> \/ Round: 1 \/ Pick: 3rd overall<\/strong><\/td>\n<\/tr>\n
Selected by the Chicago Bulls<\/a><\/strong><\/td>\n<\/tr>\n
Playing career<\/strong><\/th>\n1984\u20131993, 1995\u20131998, 2001\u20132003<\/strong><\/td>\n<\/tr>\n
Position<\/strong><\/th>\nShooting guard<\/a><\/strong><\/td>\n<\/tr>\n
Number<\/strong><\/th>\n23, 12,[b]<\/a><\/sup> 45<\/strong><\/td>\n<\/tr>\n
Career history<\/strong><\/th>\n<\/tr>\n
1984<\/a>\u20131993<\/a>,<\/strong>
\n1995<\/a>\u20131998<\/a><\/strong><\/th>\n		Chicago Bulls<\/a><\/strong><\/td>\n<\/tr>\n
2001<\/a>\u20132003<\/a><\/strong><\/th>\nWashington Wizards<\/a><\/strong><\/td>\n<\/tr>\n
Career highlights and awards<\/strong><\/th>\n<\/tr>\n
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Career NBA statistics<\/strong><\/th>\n<\/tr>\n
Points<\/a><\/strong><\/th>\n32,292 (30.1 ppg)<\/strong><\/td>\n<\/tr>\n
Rebounds<\/a><\/strong><\/th>\n6,672 (6.2 rpg)<\/strong><\/td>\n<\/tr>\n
Assists<\/a><\/strong><\/th>\n5,633 (5.3 apg)<\/strong><\/td>\n<\/tr>\n
Stats<\/a>\u00a0\"Edit<\/a> at NBA.com<\/strong><\/td>\n<\/tr>\n
Stats<\/a> at Basketball-Reference.com<\/strong><\/td>\n<\/tr>\n
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Basketball Hall of Fame as player<\/a><\/strong><\/td>\n<\/tr>\n
FIBA Hall of Fame as player<\/a><\/strong><\/td>\n<\/tr>\n
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Medals<\/strong><\/div>\n<\/div>\n
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<\/td>\n<\/tr>\n
Men’s basketball<\/a><\/span><\/strong><\/th>\n<\/tr>\n
Representing the \"\"\u00a0<\/span>United States<\/a><\/span><\/strong><\/th>\n<\/tr>\n
Olympic Games<\/a><\/span><\/strong><\/th>\n<\/tr>\n
\"Gold<\/strong><\/td>\n1984 Los Angeles<\/a><\/span><\/strong><\/td>\nMen’s basketball<\/a><\/strong><\/td>\n<\/tr>\n
\"Gold<\/strong><\/td>\n1992 Barcelona<\/a><\/span><\/strong><\/td>\nMen’s basketball<\/a><\/strong><\/td>\n<\/tr>\n
Tournament of the Americas<\/a><\/span><\/strong><\/th>\n<\/tr>\n
\"Gold<\/strong><\/td>\n1992 Portland<\/a><\/span><\/strong><\/td>\nMen’s basketball<\/a><\/strong><\/td>\n<\/tr>\n
Pan American Games<\/a><\/span><\/strong><\/th>\n<\/tr>\n
\"Gold<\/strong><\/td>\n1983 Caracas<\/a><\/span><\/strong><\/td>\nMen’s basketball<\/a><\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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Michael Jeffrey Jordan (born February 17, 1963), also known by his initials MJ, is an American former professional basketball<\/a> player and businessman. He is the principal owner and chairman of the Charlotte Hornets<\/a> of the National Basketball Association<\/a> (NBA) and of 23XI Racing<\/a> in the NASCAR Cup Series<\/a>. He played 15 seasons in the NBA, winning six championships with the Chicago Bulls<\/a>. His biography on the official NBA website states: “By acclamation, Michael Jordan is the greatest basketball player of all time.” He was integral in helping to popularize the NBA around the world in the 1980s and 1990s,\u00a0 <\/sup> becoming a global cultural icon<\/a> in the process.<\/strong><\/p>\n

Jordan played college basketball<\/a> for three seasons under coach Dean Smith<\/a> with the North Carolina Tar Heels<\/a>. As a freshman, he was a member of the Tar Heels’ national championship team in 1982<\/a>. Jordan joined the Bulls in 1984<\/a> as the third overall draft pick, and quickly emerged as a league star, entertaining crowds with his prolific scoring while gaining a reputation as one of the game’s best defensive players.<\/sup> His leaping ability, demonstrated by performing slam dunks<\/a> from the free throw line<\/a> in Slam Dunk Contests<\/a>, earned him the nicknames “Air Jordan” and “His Airness”. Jordan won his first NBA championship with the Bulls in 1991<\/a>, and followed that achievement with titles in 1992<\/a> and 1993<\/a>, securing a “three-peat<\/a>“. Jordan abruptly retired from basketball before the 1993\u201394 NBA season<\/a> to play Minor League Baseball<\/a> but returned to the Bulls in March 1995 and led them to three more championships in 1996<\/a>, 1997<\/a>, and 1998<\/a>, as well as a then-record 72 regular season wins in the 1995\u201396 NBA season<\/a>. He retired for the second time in January 1999 but returned for two more NBA seasons from 2001 to 2003 as a member of the Washington Wizards<\/a>.<\/strong><\/p>\n

Jordan’s individual accolades and accomplishments include six NBA Finals Most Valuable Player (MVP) Awards<\/a>, ten scoring titles<\/a> (both all-time records), five MVP Awards<\/a>, ten All-NBA<\/a> First Team designations, nine All-Defensive<\/a> First Team honors (joint record), fourteen NBA All-Star Game<\/a> selections, three All-Star Game MVP Awards<\/a>, three steals titles<\/a>, and the 1988 NBA Defensive Player of the Year Award<\/a>. He holds the NBA records for career regular season scoring average (30.12 points per game) and career playoff scoring average (33.45 points per game). In 1999, he was named the 20th century’s greatest North American athlete by ESPN<\/a>, and was second to Babe Ruth<\/a> on the Associated Press<\/a>‘ list of athletes of the century. Jordan was twice inducted into the Naismith Memorial Basketball Hall of Fame<\/a>, once in 2009 for his individual career and again in 2010 as part of the 1992 United States men’s Olympic basketball team<\/a> (“The Dream Team”). He became a member of the FIBA Hall of Fame<\/a> in 2015.<\/strong><\/p>\n

One of the most effectively marketed athletes of his generation, Jordan is also known for his product endorsements. He fueled the success of Nike<\/a>‘s Air Jordan<\/a> sneakers, which were introduced in 1984 and remain popular today.<\/sup> Jordan also starred as himself in the 1996 live-action animated film Space Jam<\/a><\/i>, and is the central focus of the Emmy Award<\/a>-winning documentary miniseries The Last Dance<\/a><\/i> (2020). He became part-owner and head of basketball operations for the Charlotte Bobcats (now named the Hornets) in 2006, and bought a controlling interest in 2010. In 2014, Jordan became the first billionaire player in NBA history. With a net worth of $1.6 billion.<\/strong><\/p>\n

Awards and honors<\/span><\/strong><\/h2>\n
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James Worthy<\/a>, Jordan, and Dean Smith<\/a> in 2007 at a North Carolina Tar Heels men’s basketball<\/a> game honoring the 1957 and 1982 men’s basketball teams<\/strong><\/div>\n<\/div>\n<\/div>\n
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NBA<\/strong><\/dt>\n<\/dl>\n