According to a Forbes magazine story that was published on Monday, Jordan, 60, is now the first professional athlete to be listed among the 400 wealthiest persons in America. Jordan has a $3 billion net worth after selling the majority of his Hornets stock recently. In 2010, he paid $275 million for the franchise.
According to The Daily Beast, former President Donald Trump has fallen off Forbes' list of the 400 richest Americans.
"He is $300 million short of the cutoff with an estimated $2.6 billion fortune," Forbes stated on Tuesday. For additional information on Trump's removal off the Forbes 400 list, scroll down to view the video report.
NIL is an acronym for likeness, image, and name. College players may be compensated for signing autographs, creating their own brands and merchandise, endorsing goods, and participating in events thanks to NIL laws.
In an interview with Footwear News, Jasmine remarked of Michael Jordan's contract with the footwear behemoth, "Maybe that first Nike deal wouldn't have been as low as it was." The game would have been altered by it. He might have taken a different tack when it came to his contracts with Nike. By the looks of his Funko Pop figures or the fact that people are still wearing his UNC jersey, he is currently worth trillions of dollars.
According to Black Enterprise, Jasmine works for Jordan Brand as the women's sports marketing representative for the basketball field. Her goal is to enable female athletes to profit from the cutting-edge advantages of NIL deals.
I never want an athlete to feel misled, therefore I instill it in young athletes on a regular basis. Furthermore, NIL can merely be a college. Your professional years don't have to start with a brand. That gives you the option to concentrate entirely on your time in college or to stay on and pursue the professional ranks," Jordan went on.