See how it works in the video. The classic neon lamp is made of a glass tube containing a mixture of neon (99.5%) and argon gas. There are two electrodes, one positive, and the other negative. Voltage rises and an arc is struck between.
Jordan first became an investor in the Hornets (then the Bobcats) in 2006 and became the controlling owner in 2010 when he bought out Robert Johnson for $175 million. In January we valued the Hornets at $410 million.
Four years later, Jordan bought out the majority shareholder to become the first former NBA player to become the majority owner of a franchise. He bought in at the right time, as the values of NBA franchises have since skyrocketed, driving Jordanâs net worth past the $1 billion mark in 2015. In 2010, when he became the majority owner of the Hornets, the average value of an NBA franchise was $367 million.