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Michael Jordan - 4 Jordan - 4 Gabe Plotkin - 4 Rick Schnall - 3 J - 3 Cole - 3 Plotkin - 2 Schnall - 2
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4 mentions found


☆ Michael Jordan becomes first athlete to rank among America’s 400 wealthiest people, according to Forbes
  + stars: | 2023-10-04 | by ( George Ramsay | ) edition.cnn.com   time to read: +1 min
CNN —NBA legend Michael Jordan has reached a new milestone in his entrepreneurial career as the first professional athlete to be ranked among America’s 400 wealthiest people, according to Forbes. Jordan enters the Forbes 400 list at number 379 having sold his majority stake in the Charlotte Hornets earlier this year. During his 15 seasons in the NBA, Jordan won five MVP awards and six titles with the Chicago Bulls. Elon Musk’s estimated worth of $251 billion sees the Tesla and SpaceX CEO top the Forbes 400 ahead of Amazon founder Jeff Bezos, whose wealth is estimated to be $161 billion. Forbes estimated that America’s 400 richest people are now worth a collective $4.5 trillion, which equals the record set in 2021 and is slightly higher than the 2022 GDP of Japan ($4.23 trillion), according to the World Bank.
Persons: Michael Jordan, Jordan, Gabe Plotkin, Rick Schnall –, Elon Musk’s, Jeff Bezos Organizations: CNN, NBA, Forbes, Charlotte Hornets, Nike, Hanes, Gatorade, Chicago Bulls, Washington Wizards, Hornets, SpaceX, Amazon, World Bank Locations: Deck, Japan
☆ Michael Jordan is selling the Charlotte Hornets — and he stands to make billions
  + stars: | 2023-06-17 | by ( Ryan Hogg | ) www.businessinsider.com   time to read: +2 min
Michael Jordan has agreed to sell his majority stake in his NBA team the Charlotte Hornets. The Hornets are valued at $3 billion, per ESPN — more than 10 times the sum Jordan paid in 2010. Michael Jordan could bag a billion-dollar windfall after he agreed to sell his NBA team for what's likely be a huge premium on the price he paid 13 years ago. Jordan previously sold a minority stake in the Hornets to Plotkin, who is the founder of investment firm Tallwoods Capital, and Daniel Sundheim in 2019. Rapper J. Cole is also part of the group that will buy Jordan's majority stake, the Hornets said.
Persons: Michael Jordan, Gabe Plotkin, Rick Schnall, Jordan, Plotkin, Daniel Sundheim, J, Cole, Schnall, He'll, Air Jordan Organizations: NBA, Charlotte Hornets, Hornets, ESPN, Morning, Tallwoods Capital, Charlotte Bobcats, Atlanta Hawks NBA, Nike, Air, Forbes Locations: Forbes
☆ Michael Jordan to Sell Majority Stake in Charlotte Hornets
  + stars: | 2023-06-16 | by ( Sopan Deb | ) www.nytimes.com   time to read: +1 min
Michael Jordan, the owner of the Charlotte Hornets and one of the most storied athletes in sports history, has agreed to sell his majority share in the team to a group led by Gabe Plotkin and Rick Schnall, two private equity investors. The team, in its announcement of the sale, did not disclose what percentage of his stake Jordan would sell, but said he would remain a minority investor. Jordan, a North Carolina native, first purchased the team in 2010 for $275 million, when it was known as the Bobcats. The acquiring group also includes the country music star Eric Church and the rapper J. Cole, both of whom are from North Carolina. Jordan won six championships with the Chicago Bulls in the 1990s and is considered by many to be the greatest basketball player ever.
Persons: Michael Jordan, Gabe Plotkin, Rick Schnall, Jordan, Eric Church, J, Cole Organizations: Charlotte Hornets, Bobcats, Chicago Bulls Locations: North Carolina
☆ Michael Jordan is selling his majority stake in the Charlotte Hornets
  + stars: | 2023-06-16 | by ( Jessica Golden | ) www.cnbc.com   time to read: +2 min
Charlotte Hornets owner Michael Jordan responds to a question during a news conference at Spectrum Center in Charlotte, North Carolina, Oct. 28, 2014. Basketball legend Michael Jordan has agreed to sell his majority stake in the National Basketball Association's Charlotte Hornets to wealthy investors Gabe Plotkin and Rick Schnall, a representative for Jordan confirmed Friday. Jordan took a majority stake in the Hornets in 2010 for $275 million. Under the ownership of the six-time NBA champion Jordan, the Hornets have struggled, only making the playoffs two times. Plotkin acquired a minority stake in the Hornets in 2019 and has served as an alternate governor on the NBA Board of Governors.
Persons: Charlotte, Michael Jordan, Basketball Association's Charlotte, Gabe Plotkin, Rick Schnall, Jordan, Plotkin, Schnall, Clayton, Dan Sundheim, J, Cole, Eric Church Organizations: Charlotte Hornets, Spectrum Center, Basketball Association's, Basketball Association's Charlotte Hornets, Hornets, NBA, of Governors, Tallwoods, NBA's Atlanta Hawks, Hawks, D1, North Carolina, Hornets Sports & Entertainment, G League, Greensboro Swarm, Spectrum, Forbes Locations: Charlotte , North Carolina, Dubilier
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