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His Airness remained undefeated up to this day as Michael Jordan made almost 11x from his initial investment in Charlotte 13 years later.
Jordan bought the majority share of the Hornets worth $275 million in 2010 and now he was able to sell it at $3 billion.
The timing however of the situation came in an interesting situation as the 2023 NBA Draft is just days away and the Hornets hold the no. 2 overall pick.
“He always looked to be a hands-on owner. I know he has the fishing and the auto racing that he’s involved in, but I still didn’t expect him to get out of the NBA. And yet he looks like he is going to make a tidy profit, so good for him,” Jeff Van Gundy said in one of his shows.
