Did Michael Jordan lose $500 million on GameStop?

Michael Jordan's net worth took a whopping 500 million dollar hit after getting caught in the middle of the Reddit-fueled Gamestop mania.

Did Michael Jordan lose $500 million?

At the same time as this controversy, Forbes released its updated list that dropped MJ's valuation from 2.1 b to 1.6 b. A $500 million was wiped out, with no explanation given. Since this was something tangible that people could see, everyone believed the GameStop controversy was what brought it on.

Where does Michael Jordan money go?

Since retiring, Jordan's business ventures have included becoming an investor and special advisor to sports-betting company DraftKings and a NASCAR team co-owner in 2002. He also owns the Charlotte Hornets and sold a minority stake in 2019, where it was reported the team was valued at $1.5 billion.

How many times did Michael Jordan lose a game?

Michael Jordan had 366 losses in his career.

How much money did Michael Jordan get?

He earned $90 million total in NBA salary, and about $63 million of that came in his final two seasons with the Chicago Bulls. His $1.7 billion net worth is due, in large part, to the value of his NBA team, the Charlotte Hornets ... ... and the Jordan Brand.

Michael Jordan losses hundreds of millions on GameStop, Robinhood situation

Who is the richest basketball player ever?

1. Michael Jordan Net Worth - $2.2 Billion. Viewed by many as the greatest player in NBA history, Jordan has turned his basketball acumen into a multi-billion dollar enterprise.

Does Michael Jordan still get paid from Nike?

Michael Jordan earns a reported 5% on Jordan Brand sales in his licensing deal with Nike. The relationship between Jordan and Nike has been made into a movie directed by Ben Affleck.

What is Jordan's lowest scoring?

Michael Jordan dropped his fewest points in a game on December 15, 2002 and on April 2, 2002, with 2 points.

Who has the most 30 point games in a row?

Wilt Chamberlain had 55 consecutive games with 30-plus points from Nov. 4, 1961, to Feb. 22, 1962. Chamberlain was also 26 years old and 7'1".

How much does MJ make a day?

Today, Jordan generates those $3 million every five hours. Nike pays him $410,000 per day and he earns a staggering $150 million based on his 2021 earnings according to Forbes. Michael Jordan makes 5% out of every single Jordan Brand item sold.

Does Jordan own Jumpman?

The "Jumpman" logo is owned by Nike to promote the Air Jordan brand of basketball sneakers and other sportswear.

Was MJ a billionaire?

Michael Jordan made less than US$100 million in NBA contracts as the league's greatest player of all time, but that hasn't stopped him from becoming a billionaire, with a whopping net worth of US$1.7 billion. His fortune is due in large part to the value of his NBA team, the Charlotte Hornets, and the Jordan brand.

Is Michael Jordan worth $2 billion?

Michael Jordan's net worth of about $2.2 billion is a testament to his success both on and off the basketball court. Jordan has made a fortune through his playing career, endorsements, and various business ventures.

Is Lebron richer than Michael Jordan?

They are the only two NBA players in history with a net worth of more than $1 billion. But Jordan has earned the most at this point: He has a net worth of $1.7 billion, while James has a net worth of about $1 billion, according to Forbes estimates.

How much did Michael Jordan lose in crypto?

Michael Jordan Loses Over 90%

The Solana network, backed by Alameda Research, a crypto trading firm affiliated with FTX that is being wound down, also crashed after the FTX collapse.

Who has the most 70 point games in NBA?

Wilt Chamberlain scored 70-plus points in a game twice over a 13-day span in 1962. Chamberlain has accounted for six of the NBA's 13 70-plus point games, including his single-game record of 100 points.

Who has the most 80 point games?

Kobe Bryant's 81-point game is almost as famous as Chamberlain's 100. It's the only other time in NBA history a player has scored 80 or more points in a game, and only one other player (Devin Booker of the Phoenix Suns) has hit 70 points since then.

Who has the most 50-point game?

Wilt Chamberlain holds the record for most 50-point games in NBA history with 118. Michael Jordan ranks second with 31 50-point games, followed by Kobe Bryant (25), James Harden (23) and Elgin Baylor (17). Among active players, Damian Lillard is the closest to cracking the top five.

What is LeBron James lowest scoring game?

LeBron James posted his fewest points in a game versus the Rockets on December 29, 2004, with 3 points.

What is Jordan highest scoring game?

Michael Jordan posted his most points in a game versus the Cavaliers on March 28, 1990, with 69 points.

Has Michael Jordan scored 2 points in a game?

Michael Jordan had the worst scoring game of his career -- just two points in 12 inconsequential minutes, another career low -- as the Los Angeles Lakers overwhelmed the Washington Wizards 113-93 Tuesday night.

Who owns the Jordan Brand?

Nike released the Air Jordan sneaker line in April 1985 with the goal of making $3 million in the first three years. Sales greatly exceeded expectations, earning $126 million in one year. On September 9, 1997, Michael Jordan and Nike introduced Jordan Brand (originally called 'Brand Jordan').

Who owns Nike?

4 The co-founder of Nike, Phil Knight, and his son Travis Knight, along with the holding companies and trusts they control, own more than 97% of outstanding Class A shares. 5 This allows the Knight family to exercise effective control of Nike even though it is a publicly traded business.

How much did Michael Jordan sell Jordan to Nike?

In 2020, it was reported that Jordan's contract earned him $1.3 billion USD from Nike, the most any athlete has made from Nike. Following in his footsteps is another all-time NBA player, making strides for Nike.