Michael Jordan's massive net worth has reached historic levels

Michael Jordan, the NBA legend, has an estimated net worth of $30 billion. His wealth can be attributed to his brilliance as both an athlete and a savvy businessman. 

In August, Jordan sold a majority stake in the Charlotte Hornets, which contributed significantly to his net worth. Despite the team's mediocre performance during his tenure, its value steadily increased. 

Jordan's wealth also comes from his partnership with Nike and other investments. Last year alone, he earned $2.6 billion in royalties from Nike, and his total career earnings exceed $2.4 billion. 

In addition, Jordan co-owns the NASCAR team 23XI Racing, which has secured sponsorships from several major brands. In a show of support, Jordan fist-bumped driver Bubba Wallace at a NASCAR race in June 2023.