Michael Jordan Owns Approximately 90 Percent Of Hornets

Michael Jordan owns approximately 90 percent of the Charlotte Hornets with the current estimated value of the team at $1.2 billion.

The NBA approved the purchase of the Hornets by Jordan with just $30 million in cash. The then-Bobcats were valued at $275 million at the time of purchase. The NBA almost certainly would not approve that type of deal today, but the league and global economy were both in a very different place in 2010.

The Hornets have typically operated at a loss, but league documents showed Jordan's fellow owners sent him more than $130 million in revenue assistance between 2012 and 2017.