Following his third and final retirement from the league, Chicago Bulls legend Michael Jordan shifted his focus to various business ventures. Apart from co-owning Cincoro Tequila, the six-time Finals MVP is also the majority owner of the Charlotte Hornets. However, his interests are not just limited to basketball when it comes to sports. Jordan is also the co-owner of 23XI Racing which is worth $150 million. Following the recently held 2023 NFL Draft, Jordan’s NASCAR racing team ecstatically shared the big news and welcomed a new addition to their expanding family.

Following a series of successful business investments, Michael Jordan is included in the top ten list of richest athletes in the world. With a net worth of $2 billion, MJ is the only other billionaire NBA athlete other than LeBron James who is currently worth $1 billion.

NFL star joins Michael Jordan’s family

The top prospect of the 2023 NFL Draft Bryce Young was selected by the Carolina Panthers as the first pick on Thursday. Ahead of that, Michael Jordan’s Air Jordan brand announced its latest endorsement deal with the 21-year-old quarterback. MJ’s $4.8 billion worth shoe brand signed Young and welcomed him to the Jordan Brand family.

His Airness‘ NASCAR team 23XI racing shared the news on their official Instagram page. The caption read, “Welcome to the Queen city and?@jumpman23?family?@bryceyoung. Looking forward to you rooting for the Jumpman on the track soon!”

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Co-founded by the six-time NBA champion and Denny Hamlin, Jordan’s racing team currently includes Bubba Wallace, Tyler Reddick, Travis Pastrana, and Kurt Busch. Busch is also the brand ambassador of Jordan alongside Denny Hamlin. As MJ’s portfolio keeps expanding, his stake in the Hornets might get sold soon.

Jordan plans to sell his majority shares

Michael Jordan has been the majority owner of the Charlotte Hornets since 2010. While the Hall of Famer achieved immense success on the court, his off-court venture was a disaster. After facing years of criticism due to a series of questionable draft decisions, it was recently reported that MJ is considering the sale of his majority shares.

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The news first surfaced several weeks ago in March. As of now, there has been no update on MJ’s decision. What are your thoughts on the latest addition to the Jordan family? Let us know in the comments.