In 2015, Michael Jordan and Mark Cuban teamed up to invest in Sportradar.
According to the company’s official website, it specializes in collecting sports data from all over the world and then using that data to leverage clients appropriately. USA Today reports that Michael Jordan and Mark Cuban were part of a $44 million investment round in the company that was led by Revolution Growth. The National Basketball Association (NBA) and the National Football League (NFL) also have equity in the company.
In November 2021, the company went public at $19/share with a reported $8 billion valuation.
In other words, Michael Jordan and Mark Cuban’s overall net worth can only be expected to go up from here, especially as sports betting continues to grow and dominate the market.
Michael Jordan's Net Worth
Regarded as one of the greatest basketball players of all time, Michael Jordan is also one of the few who is a billionaire. As AfroTech previously reported, he has a net worth of $1.6 billion.
Mark Cuban's Net Worth
As the owner of the Dallas Mavericks — amongst his many other investments — Mark Cuban has a real-time net worth of $4.5 billion, according to Forbes.