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In Charlotte, a team and its owner, Michael Jordan, get a do-over In Charlotte, a team and its owner, Michael Jordan, get a do-over As a city reconnects with its NBA team Wednesday night, the Charlotte Hornets and their owner, Michael Jordan, get a much-needed do-over. by Ken Berger @kbergcbs Oct 29, 2014 â¢ 11 min read
Michael Jordan Is A Billionaire After Increasing Stake In Hornets. Michael Jordan is now a billionaire. In February, my colleague and the Dean of athlete earnings, Kurt Badenhausen, pegged Jordanâs annual earnings at $90 million and his net worth at $750 million. But I have learned from sources familiar with the Charlotte Hornets that the former NBA great has increased his stake in his basketball team to 89.5% from 80% during the past several months.