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Michael Jordan Research Paper

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“I’ve missed more than 9000 shots in my career. I’ve lost almost 300 games. 26 times, I have trusted to take the game winning shot and missed. I’ve failed over and over and over again in my life. And that is why I succeed.”-Michael Jordan. One of the world greatest and most respected basketball players, Michael Jeffrey Jordan, he was born on February 17 1963 to James and Deloris Jordan in Brooklyn, New York. Shortly after Jordan was born, his family moved to Wilmington, South Carolina. Michael is one of five children and he has two brothers and two sisters. Growing up, Michael found interest in various sports such as baseball, basketball, and football, but he was mostly known in some eyes the greatest basketball player who ever lived. Michael wasn’t just successful on the playing field; he is also successful in the business world.
Michael Jeffrey Jordan is Chairman and majority owner of the NBA's Charlotte Hornets, which he purchased from BET founder, Robert L. Johnson in 2010. He joined the NBA's Charlotte Hornets ownership group as a minority owner in June 2006, serving as the team's Managing Member of Basketball Operations. He is only the third Black American and the first NBA player to become a Billionaire. He is the first former NBA player and only the second Black American to be the majority owner of an NBA franchise. …show more content…

Jordan’s net worth is estimated by Forbes Magazine at $1 billion from his 89% stake in the Hornets, endorsements deals and $90 million in salary from the Bulls. Mr. Jordan increased his ownership stake in his basketball team to 89.5% from 80%. His majority ownership stake in the Charlotte Hornets was approved by the NBA on March 17th, 2010. Mr. Jordan earned an estimated $80 million last year from corporate partners Nike, Gatorade, Hanes, Upper Deck, 2K Sports, Presbyterian Healthcare and Five Star Fragrances. His other assets include six restaurants, a North Carolina car dealership, and a motorsports team.

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