Michael Jordan is considered to be the greatest NBA player of all time.
He's also the richest former professional athlete in the world.To get
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Jordan made less than $100 million while a player in the NBA, but
has been a member of three-comma club since 2014. Forbes estimates his
net worth to be $1.6 billion. Since he retired in 2003, he has built a
lucrative career, predominantly through deals with NIke.
He just took an equity interest in DraftKings and will advise the
company's board of directors. Shares surged 12% following the Wednesday
announcement.
In June, Jordan and Nike's Jordan brand pledged a donation of $100
million to 'drive real impact for the Black Community' amid nationwide
Black Lives Matter protests.
He's faced his fair share of legal battles and in addition to using
his wealth for philanthropic purposes, he also indulges in personal
enjoyment: He owns sprawling estates, his own golf course, an NBA team,
and multiple restaurants.
DraftKings announced on Wednesday that Michael Jordan took an equity
stake in the sports betting company, along with a special adviser role.
The company's shares surged 12% immediately following the announcement.
Earlier this summer, Jordan and Nike's Jordan Brand pledged to
donate $100 million over 10 years to organizations fighting for 'racial
quality, social justice, and greater access to education.' The June 5
announcement came amid nationwide Black Lives Matter protests over the
killing of George Floyd.
The Wall