Did you know that the bulk of Michael Jordan’s $3.2 billion net worth comes from selling three major businesses? Let’s find out what they are. First, the Charlotte Hornets. In 2010, Jordan bought 80 to 90 percent of the team for an estimated $275 million. In 2023, he sold the majority of his stake for $3 billion, but retained a minority stake and continues to receive an annual stipend. During his 13 years as majority owner, the team posted a record of 432 wins and 600 losses. Second, the Air Jordan brand. In 1984, Jordan signed a $500,000 deal with Nike, receiving 5 percent of the profits from each pair sold. As of 2020, he has amassed over $1.3 billion from this deal. In 2022, the Air Jordan brand generated $5.1 billion in revenue for Nike, resulting in over $100 million for Jordan that year alone. Third, DraftKings. In 2020, Jordan became a special advisor to the sports betting company, receiving an equity stake in return. DraftKings’ revenue was $2.24 billion in 2022 and $3.66 billion in 2023, with a market value of $11.8 billion. These three ventures have been instrumental in Michael Jordan’s incredible net worth.