Michael Jordan’s first full season following his baseball stint went about as well as one could imagine. League MVP, scoring champion, All-Star Game MVP, NBA Finals MVP and his fourth ring in six years. Oh, and along the way, he led the Bulls to the best regular-season record in NBA history with a 72-10 record.
The success that Jordan experienced as a player with the Bulls has eluded him as an owner with Charlotte although he’s still made history in that respect. He is the first former NBA player to become the majority owner of an NBA team and is also the only African-American owner in the NBA. In 2019, Charlotte successfully hosted NBA All-Star Weekend, and Jordan deserves credit for rebranding the Charlotte Bobcats into the Charlotte Hornets.
Despite the lack of team success for the Hornets, who ironically rank 23rd out of 30 NBA teams in wins since Jordan took over in 2010, the franchise’s valuation has increased from $175 million to $1.5 billion.