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Michael Jordan and the 500 million dollars he lost in a single year

2021-03-25T23:16:23.007Z


As reported by 'Forbes', the NBA legend has suffered a considerable cut in his fortune due to the crisis of the pandemic.


The impact on the economy that the Covid pandemic has produced has taken its toll on a huge number of workers and companies around the world.

The restrictions, confinements and partial paralysis of the economic engines of the countries point to a major recession that is already showing its first and drastic effects.

Not even the great fortunes have emerged unscathed in recent months, and the case of Michael Jordan illustrates this perfectly.

The former basketball player, who holds the title of being the richest athlete in history and is one

of the 500

richest

people in the United States

, has suffered a major blow to his finances, which has caused him to

lose an exorbitant amount of 500 million dollars

(about 423 million euros) in approximately 12 months, that is, since the beginning of the crisis.

Enlarge

Catherine Steenkeste (Getty Images)

As reported by the specialized media

Forbes

,

Jordan had a net worth of 2,100 million dollars

(around 1,777 million euros), in April 2020. To date,

this amount has dropped to 1,600 million dollars

(around 1,354 million euros), which represents a reduction of 24%.

The magazine

has not specified what exactly have been the businesses that have suffered the most

from the vast gallery managed by the former basketball player, but there is a fact that indicates that these would not be the sports ones.

The Charlotte Hornets team, which he owns, has weathered the crisis well

and continues to pay huge dividends.

On the other hand, keep in mind that

Jordan has made generous donations in support of various charitable causes so far this year.

His latest altruistic contribution dates from just over a month ago:

$ 12 million for the opening of two medical clinics in his hometown

, Wilmington (North Carolina) that will help reinforce "comprehensive primary care, including support services. social and behavioral health, to the most vulnerable communities in the area ".

Source: elparis

All news articles on 2021-03-25

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