The past year saw Michael Jordan’s brand get another boost with the release of “The Last Dance,” but it appears the Bulls legend didn’t do so well financially. While his net worth remains an eye-popping $1.6 billion, according to Forbes, that’s a $500 million drop since the publication last reported his net worth in April 2020.
It’s possible that such a large decline is related to the biggest Wall Street story of the year: the GameStop stock saga.
Two years ago, Jordan — the majority owner of the Hornets since 2010 — sold a minority share of the Hornets to two investors.