All Articles Tagged "michael jordan"
Michael Jordan earned $100 million in 2014 — more than any other current or retired athlete — making him the richest retired athlete in the world, reports Forbes magazine.
Figures analyzed by Forbes show athletes’ salaries have increased in recent years as media companies have made billions broadcasting sporting events that can’t be DVR’d for later. An example of this is shown in the recent NBA and MLB salaries. NBA athletes earn $5 million whereas their baseball counterparts earn $3.8 million.
Because athletes have shorter professional careers, the financially savvy among them will invest their money or create a brand to ensure an ongoing paycheck. Thanks to Nike, Jordan has banked millions with his iconic and trendy sneakers. Jordan as also invested in various basketball teams and works in the NBA’s administration.
The other retired athletes who were among the richest retired athletes for 2014 were soccer athlete David Beckham earning $75 million, golfer Arnold Palmer raking in $42 million and another golfer Jack Nicklaus who accumulated $28 million.
We’re not sure what’s been in the water lately, but there seems to be an upsurge in billionaires — and we’d love to have a sip!
A whole cluster of entrepreneurs have added an extra zero to their net worth. Due to a few smart investments and well-played business moves, these people have now moved on up. Must be nice to be among the Gates, Winfreys, and Bloombergs.
Michael Jordan, as you may already know, has been initiated into the Billionaire Boys Club — thanks to his increased stake in the Charlotte Hornets. But who else has moved on up lately? MadameNoire Biz has got the scoop!
Knight Frank’s annual Wealth Report says the number of the world’s billionaires will rise 38 percent to 2,315 by 2023. The US is expected to have the highest number of billionaires at that time, but India and China will also be adding to the list at a pretty quick clip.
The majority of the world’s billionaires are over age 40, married, male and self-made. A group called Redfin did an analysis to see which billionaires could buy which American cities. Turns out Microsoft’s Bill Gates could buy Boston with his $76.6 billion. Former NYC Mayor Michael Bloomberg could purchase Anaheim, CA with his $31.4 billion. And Mark Zuckerberg could buy St. Paul, MN with his $26.8 billion.
Most recently, we learned that America’s Black Billionaire’s Club just got a little bigger with the addition of former NBA player and current businessman (or “business man”) Michael Jordan. Jordan’s net worth jumped to the billionaire-dollar mark thanks to his stake in Nike’s Jordan brand and his increased ownership in the Charlotte Bobcats, up from 80 percent to 89.5 percent. Jordan is the only African-American majority owner in the NBA. He paid $175 million for the Charlotte Hornets in 2010 and the team is now valued at approximately $600 million.
It seemed like only a matter of time for Jordan to reach billionaire status. “His Jordan brand sneakers are among the most coveted sneakers in the world, fetching high prices and collected avidly by sneaker enthusiasts,” reports Black America Web.
At least now Oprah Winfrey won’t be so lonely in the club. She was the only African-American billionaire. Her net worth is $2.9 billion.
While it’s fine that people can attain vast amounts of wealth, there’s the question of how this will impact the majority of people who won’t even come close. For instance, we wrote about the Koch brothers last week, who use their billions to steer political conversations and elections in their favor. That can have a huge impact on issues like how we handle the student debt crisis when legislation makes its way to Congress. Note: That legislation failed because Republicans, who have staunch support from the Koch brothers and other members of the one percent, didn’t support it. Who is being hit hardest by high levels of student loan debt? Not billionaires.
In addition, there’s what BBC News is calling “ultra high net worth individuals.” So we’ve got a growing number of people who have growing amounts of wealth. Concentrating so much money in just a few hands can have negative consequences if we’re not careful.
Ann Brown contributed to this story.
Basketball legend Michael Jordan shares his struggle growing up with racism in a North Carolina community where the Ku Klux Klan was heavily active in a new book entitled “Michael Jordan: The Life.” During an interview with Sports Illustrated, author Ronald Lazenby said his research revealed how powerful the Klan was at the time.
“As I started looking at newspapers back in this era when I was putting together Dawson Jordan’s [Michael’s great-grandfather] life, the Klan was like a chamber of commerce. It bought the uniforms for ball teams, it put Bibles in all the schools. It may well have ended up being a chamber of commerce if not for all the violence it was perpetrating, too,” Lazenby said. “A lot of the context just wasn’t possible to put it in a basketball book. A lot of it ended up being cut.”
In the book Lazenby chronicles the basketball legend’s rise from his youth to his status as a sports superstar and how both his upbringing and his race played major roles in his life.
Jordan, who believed he was a racist in his youth because he hated all white people, said he began to understand race relations after watching the critically-acclaimed television miniseries “Roots.” He also opened up about being suspended from school in 1977 after a girl called him the n-word.
“I threw a soda at her,” Jordan said in the book. “I was really rebelling. I considered myself a racist at the time. Basically, I was against all white people.”
Lazenby calls Jordan’s tale a “black power story,” exploring the affects racism had on his family’s economic standing and how that ultimately molded him into the man later praised for his incredible athletic ability.
Read more about Micheal Jordan’s book at EurWeb.com
The NBA playoff season is heating up with the Miami Heat looking to three-peat while fighting off championship contenders such as the Oklahoma City Thunders, Houston Rockets and the Brooklyn Nets. In honor of this exciting time of year, we take a look at some of our favorite basketball movies.
He Got Game
Spike Lee and Denzel Washington have collaborated on several films together including his 1997 film He Got Game. Washington played Jake Shuttleworth, a prison inmate and the father of the country’s top high school basketball star who was granted a one-week parole release to convince his son to play for the governor’s alma mater. Real life NBA player Ray Allen made his debut into film as the star player Jesus Shuttleworth but he wasn’t the only hoops star cast in the movie. Michael Jordan, Shaquille O’Neal, Reggie Miller, Rick Fox, Charles Barkley, Scottie Pippen and Bill Walton also appeared in the film.
Tags:allen iverson, bernie mac, busta rhymes, charles barkley, dennis hopper, denzel washington, gene hackman, kadeem hardison, kevin bacon, Kim Wayans, lil bow wow, Lil Kim, Marlon Wayans, Matt Damon, michael jordan, nick nolte, Omar Epps, penny hardaway, Ray Allen, Samuel L. Jackson, Sanaa Lathan, sean connery, shaquille o'neal, tommy davidson, Tupac Shakur, well ferrell, wesley snipes, will arnett, woody harrelson
Back in December we told you that legendary basketball icon Michael Jordan and his new wife, Yvette Prieto-Jordan, were expecting a set of twins. We’re happy to report that the newlyweds are now the proud parents of twin girls. The sports mogul’s spokesperson, Estee Portnoy, tells the The Associated Press that Yvette gave birth on Sunday night in West Palm Beach, Florida. The twins are identical and have been named Victoria and Ysabel/
Michael married the former model this past April after meeting her six years ago. Their star-studded reception was held at a private golf club in Jupiter, Florida. In addition to the newborn twins, Michael fathers three other children—including two sons, Jefferey Michael and Marcus James, and a daughter Jasmine— from his previous marriage to Juanita Vanoy. They divorced in 2006.
Mom and babies are said to be doing well.
“Yvette Jordan and the babies are doing well and the family is overjoyed at their arrival,” Portnoy said.
Michael Jordan,50, is about to be a father again. Thankfully this time, he’s pretty sure it’s his!
Last month we told you that the legendary athlete and his wife of eight months, Yvette Prieto were with child. Well, it actually turns out that they’re expecting two! According to TMZ, Yvette, 34, is carrying identical twins. Sources have chosen not to disclose how far along Yvette is into her pregnancy, but they say she’s progressing just fine.
Michael and Yvette dated for five years before tying the knot back in April during a star-studded ceremony in Jupiter, Florida. Aside from the new babies, he has three children, who are all in their 20s. It will be pretty interesting to see him starting over again. You know, warming bottles and changing diapers. But as previously stated by Drenna Armstrong, he’s retired, so he should have plenty of time to devote to his family’s newest additions once they arrive.
In the past, Michael has been involved in his share of paternity drama, with two women coming forward claiming to have small children by him. As it turns out, neither of the children were his.
We wish Michael and Prieto all the best!
First comes love, then comes marriage…and now it looks like Michael Jordan and Yvette Prieto are on their way with the baby carriage.
Reps for the Jordans have confirmed to US Weekly that Yvette is pregnant with the couple’s first child. While they didn’t reveal how far along she is, a source leaked a picture to GigiOnThat and she appears to be very far along in her pregnancy.
This will be 34 year Prieto’s first child but the fourth child for 50 year old Jordan. His oldest children are with his ex-wife Juanita Jordan who he divorced back in 2006. In fact, Jordan is starting completely over in the baby department as his youngest child with Juanita is 19 years old. The good thing is that he’s retired so he can be completely hands on now with the feedings and changing of diapers.
Jordan and Prieto have been together for five years and were married in April in a huge ceremony in Jupiter, Florida.
I wonder if his older children are excited about the impending arrival of their new sibling. It has been just the three of them for a very long time.
Congratulations to them and we wish Yvette a safe pregnancy and a healthy bundle of joy!
When will these women learn? Paternity is not something you can fake. A few months ago, we told you about all the women filing paternity suits against Michael Jordan of all people. And I say “of all people” not because I believe Jordan to be some sort of angel but because Michael Jordan is who he is, it would be super sloppy of him to creep without a condom. There’s just too much at stake and in his decades long career, he’s kept his nose relatively clean. First there was Pamela Smith and then we told you about 30 year old Laquetta Theus of Atlanta, Georgia.
In case you don’t remember her. Theus posted this picture of a child with a poor Jordan look-a-like.
Let’s pretend we all didn’t see this laughable picture. Anything’s possible right? True but looking at Ms. Theus, I would be highly appalled if she and Michael Jordan ran in the same circles or ever even crossed paths. And a DNA test proved my little assumption was pretty accurate. According to theGrio, an Atlanta judge threw out Theus’ case claiming Jordan was not the father of her child. And not only that Theus was ordered to pay Jordan’s legal fees.
A previous paternity test had already determined that the child’s father was Hubert Henderson Jr. According to the Atlanta Daily World, Theus claimed Hubert Henderson was an alias Jordan used. I guess when you’re rich you can buy alias DNA.
Theus, who did not have a lawyer representing her in the case, owes Jordan around $6,500 in fees. Wonder if she “got” it?
Let me stop. I’m not going to clown her any more than I already have because clearly this woman doesn’t have it all together.
Michaels Jordan’s life is becoming one huge Maury episode. Back in August we told you that Pamela Smith, a woman who filed a false paternity suit against the legendary athlete, was ordered by the courts to pay $10,000. Though we’re sure Michael was able to let out a sigh of relief after the ruling, it appears that it was only momentary. According to TMZ, another woman has come forward claiming that the 50-year-old retired athlete is the father of her child.
According to the filed paternity suit, a Georgia woman by the name of Laquetta Theus is claiming that she gave birth to a baby girl back in August of 2010 and of course, she says Michael is the father. As you may have guessed, she’s going after the newly married Charlotte Bobcats owner for child support.
“Michael Jordan when are you goning to support your 2year old daughter you drop 10million on your nice wedding that you had april 27 that was nice but dont you think It time that you support your daughter and the way you should,” Laquetta said in a Facebook post.
“Every sense 2008 I been now you It’s been nothing but a lie you told me and I just want you to man up to your daughter and her father should not lie to her about nothing so I relly hope that you could be the best father that you can be to her she look just like you so stop keeping your daughter a secret It should not be luke [like] that she yours. It time Michael Jordan’23’ four you to become a father and your daughter life you tell her you love her when are you goning to show her I pray to God that you become that father figer [figure] and her life, she continued.
Michael’s attorneys have already responded to Laquetta’s filed suit, claiming that the paternity of her daughter has already been proven and Michael is not the father. Laquetta had better be 100% sure that Michael is the father of her kid. We all see what Pamela’s false accusations got her.