noun. 1  A group of persons forming a cohesive, usually contentious minority within a larger group. 2  Conflict within an organization or nation; internal dissension: âOur own beloved country â¦ is now afflicted with faction and civil warâ ( Abraham Lincoln )
Michael Jordan net worth: Michael Jordan is a former American basketball player and entreprenuer who has a net worth of $1.1 billion. Even though Michael has not played professionally in over a decade, he still earns an estimated $80-100 million per year from endorsements and various other business ventures.
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.