Did Michael Jordan Invest In Prisons - In light of LeBron James opening the "I Promise" school, we've seen the never-ending Michael Jordan vs. LBJ debate reignite — but it's what they do off the court. And all I see is fake news.
Over the past few years, I've occasionally seen tweets from people saying that MJ is investing in and funding private prisons.
Did Michael Jordan Invest In Prisons
So when the news broke about LeBron's amazing gesture, all I saw on social media was "LeBron opens schools, meanwhile MJ opens prisons." Unfortunately, these people didn't spend a few seconds doing a Google search and discovered that their statements were easily exposed.
Fact Check/fake News: Michael Jordan Owned & Invested In Private Prisons
This Michael Jordan (from Oregon) implies that YALL is invested in the Prison Industrial Complex. pic.twitter.com/J0XpUKqUkE — CityBoySizzle 🇪🇹 (@whoissizzle) July 25, 2016
The term #FakeNews is relevant because in 2018 people still don't believe that Michael Jordan (left) invested in private prisons and that it was actually Michael Jordan (right) who invested in prisons. pic.twitter.com/rEQvlmk6Qw — Stefan Grant 📈 (@STEFisDOPE) July 31, 2018
Yes, a white guy from Oregon named Michael Jordan is an investor in prisons - not a legendary Chicago Bulls basketball player.
When I bring this up to people, they say, "What has Jordan done for the community?" His Air Jordan brand is getting bigger and bigger, which has led to crazy camps and violence in the past, as his detractors like to point out.
Unearthed '80s Clip Of Michael Jordan Playing Wheelchair Basketball Shows Why He's The Goat
Jordan Brand has also signed top players like Luka Doncic, Jayson Tatum and Zion Williamson. The Air Jordan Zion 1 is one of the most popular outdoor basketball shoes due to its durable rubber.
As a disclaimer, this is not to diminish all that LeBron has done philanthropically. I'm a big fan of both players, but it's so sad to see people trying to bring the other person down by making up and spreading all these lies.
Comparing both of their good deeds to society is honestly not what people should do. People act like Jordan doesn't care, but as I've shown you above he's done more than most people. But hey, I think that goes against your agenda.
This ESPN article sheds a lot of light on how much Jordan has done for the black community and black people. I suggest you next time read the tweets about Jordan investing in prisons and not taking care of his own people.
Jam Master Jay Murder Suspect Additional Charges
It is very sad that many people still believe that MJ is the one who funded the prisons. The term "fake news" exists, and it easily got people to vote for someone in politics two years ago (cough).
Of course, people will come up with things to say about MJ, like his aforementioned Air Jordan sneakers. He's had sneaker-related deaths before, but it's like blaming LeBron for that.
Then there's the story that Jordan once said, "Republicans buy sneakers, too," but according to this story from Slate , the accuracy of that has also been called into question.
Before I bring this up, yes, I am aware of the Chamillionaire story, as well as the stories and conspiracy theories about his gambling addiction.
Investopedia's Celebrity Investors Of The Year
I have to say it's sad to see so many people getting addicted to this kind of thing and hating a person for stories that aren't true. Respect, at least he's doing something. During his days of dominance in the woods, Michael Jordan produced ratings gold for television networks. He appeared in four of the highest-rated NBA Finals of all time, reaching 29 million per game in 1998. When he left the Chicago Bulls for good in his second retirement, Finals attendance dropped 45%. Over the next two decades, the NBA's highest-rated finals -- the Golden State Warriors and Cleveland Cavaliers in 2016 and 2017 -- haven't come close to drawing 20 million viewers.
As the sports world shut down this weekend, MJ is back. The highly anticipated ten-part documentary series
Following Jordan's final Bulls season, begins with a pair of Sunday night episodes on ESPN. The series will open with two episodes every Sunday night from May 17 to May 17. The series is available on Netflix outside the US.
The documentary was originally scheduled to air at the end of June, but ESPN, suffering from a programming shortage due to the coronavirus quarantine, rescheduled it after fans pleaded on social media to move the release forward. In retirement, the 57-year-old revealed the depth of the public's love affair with the star, who was inducted into the Hall of Fame in 2009, started a legendary internet meme and became the richest athlete of all time.
Michael Jordan's $1.58 Billion Franchise Labelled 'prison Team' Following James Bouknight's Dui Arrest
While most billionaires lost money in the past 12 months, Jordan's net worth increased by $300 million due to the high value of NBA franchise Charlotte Hornets, in which he owns about 70%, and $145 million in profits, mostly from Nike. His share in "Hornets" is worth 940 million dollars. Jordan was ranked 1,001 last month
The annual number of billionaires in the world has an estimated net worth of $2.1 billion. Jordan joined the club in 2014 with three commas.
In total, Jordan earned $94 million before taxes over 13 seasons with the Chicago Bulls and two years with the Washington Wizards, plus the $4 million the Bulls paid him to play minor league baseball in the 1993-94 NBA season.
To put that salary into perspective, Jordan's first contract in 1984 paid $2.8 million over four years. That's $7 million after adjusting for inflation, or $1.75 million a year. Zion Williamson, the 2019 top draft pick, will make $44 million over his first four years. With four NBA titles and an equal number of MVP awards to his name by his 12th season, Jordan reached the league's top salary at $30.1 million. The following year, he did it again with $33.1 million before retiring in 1998. Thanks to the 1999 personal salary cap, it would be another 16 years before another NBA player (Kobe Bryant) earned $30 million.
Scheduled Parole For Man Convicted Of Killing Michael Jordan's Father Suddenly Canceled
Jordan returned as an active player in 2001, where he was part owner and president of basketball operations and donated his $1 million annual game salary to relief efforts for the victims of the 9/11 attacks.
The NBA made Jordan famous, but his sponsors made him rich. In nearly 40 years, he has earned $1.7 billion (before taxes) from lawsuits from brands such as Nike, Coca-Cola, McDonald's, Wheaties, Chevrolet and others, and he still makes appearances for Nike, Hanes, Gatorade and Upper Deck.
Nike has always been Jordan's biggest supporter. The first five-year Nike contract he signed in 1984 was worth $500,000 per year (about $1.2 million in today's dollars) plus royalties. His earnings last year (with chart above) were $130 million
That's four times more than LeBron James, who has the NBA's second-biggest shoe contract.
Can Photos Of Prisons Actually Improve The Lives Of Prisoners?
Nike has turned Jordan Brand into a major stand-alone business with wholesale revenue of $3.1 billion in the fiscal year ended May 2019, up 10% from the previous year. According to Nike's latest report, sales will remain high in the current financial year due to the impact of Corona. The company said in its latest quarterly results that it had its first billion-dollar quarter at the end of 2019, highlighting Jordan as a driver of growth.
"What's most exciting is that we're still in the early stages of diversifying the Jordan portfolio," former CEO Mark Parker said when announcing second-quarter results. "And we continued the momentum in Q3 with the significant holiday release of the Jordan 11 'Bread,' which meets incredible demand for sneaker culture's all-time favorites."
Nike released the Air Jordan XXXIV basketball shoe in September, and current NBA players Zion Williamson, Jayson Tatum, and Rui Hachimura wear it on the court. According to market research firm NPD, Nike's share of the US basketball performance shoe market, which includes the Jordan brand, was 86% in 2019. It has a 96% share in the broader lifestyle basketball category.
Jordan expected to return to his role as CEO and owner of the Washington Wizards basketball team when he retired in 2003, but then-Wizards owner Abe Pollin fired him. Three years later, he returned, buying a minority stake in the Charlotte Bobcats, which were again called the Hornets. He acquired majority control of the team in 2010 in a $175 million deal. He eventually increased his stake to 90%.
Saturday Night Live': Michael B. Jordan Gets Violent In Promo
His investment led to an explosion in team values driven by three major events: a new collective bargaining agreement in 2011 that reduced players' share of revenue from 57% to 50%; The Ballmer hit, which came after former Microsoft CEO Steve Ballmer paid $2 billion for the Los Angeles Clippers in 2014, was three times larger than before.
How to invest in prisons, how to invest in private prisons, michael jordan invests in private prisons, did michael jordan invest in private prisons, michael jordan cards to invest in, best michael jordan cards to invest in, michael jordan invest in prisons, companies that invest in prisons, jordan invest in prisons, why did microsoft invest in apple, celebrities who invest in private prisons, does michael jordan invest in prisons