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Here's How Michael Jordan's Children Are Keeping His $1.6B Legendary Legacy Alive

While Michael Jordan is one of the most decorated basketball players in history, he is also one of the sport’s few billionaires. According to the Chicago Sun-Times, Jordan has a net worth (as of 2021) of $1.6 billion. While that’s far from a shabby number, the outlet points out that that it’s still a $500 million drop from what his net worth was in 2020. And the reason behind the drop? The GameStop saga. “Two years ago, Jordan — the majority owner of the Hornets since 2010 — sold a minority share of the Hornets to two investors. One of them was Gabe Plotkin, founder and chief investment officer of Melvin Capital, a hedge fund that required billions in additional cash after incurring major losses due to a short squeeze of GameStop stock by groups of retail investors,” the outlet reported. Despite this hit, Michael Jordan still isn’t suffering by any means. During his career, his salary totaled $90 million. He’s involved with the DraftKings, he’s a NASCAR team co-owner, and his deal...