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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
The most recognizable athlete of all time is now a billionaire. What elevated Michael Jordan, who splits his time between Florida and North Carolina, was his well-timed investment in the Charlotte Hornets.He acquired a majority stake in 2010 for $175 million.He increased his ownership from 80% to 90% in 2013.he most recognizable athlete of all time is now a billionaire. What elevated Michael Jordan, who splits his time between Florida and North Carolina, was his well-timed investment in the Charlotte Hornets.