“Michael Jordan is down $500 million”: A glance at the Bulls legend’s Forbes profile shows a marked decrease in his 2019 net worth of $2.1 billion" We’ve all heard about the Gamestop stock price shooting up. It seems to be one of the reasons why Michael Jordan is worth $500 million less. Jordan became the first sportsperson to reach the billion-dollar net worth figure earlier in the 2010s. Despite being 18 years away from his final professional game, Jordan sneakers remain the most in-demand sneakers on the planet. This allows MJ to add $100-150 million to his net worth by default, every year, of late. However, that doesn’t mean that it’s all rosy on the personal moneybag front for the GOAT. Forbes has reported that Jordan’s net worth now stands at $1.6 billion – the same figure as the year 2018. It had shot up to as much as $2.1 billion in 2020, but there have been some mitigating factors at play. Why is Michael Jordan down $500 million? As mentioned before, the Gamestop stock has been a vital factor in Jordan’s wealth reduction. MJ’s Hornets co-owners went into a debt running into the tens of billions of dollars because they’d taken a short position on this stock. It was reported even at the time that MJ’s personal wealth might be tied to this whole phenomenon. Given the success of ‘The Last Dance’, sales of the Jordan brand had skyrocketed in mid-2021. But even that has failed to prop up MJ’s net worth. Michael Jordan is still tied to endorsers like Hanes, Gatorade and Upper Deck. He still has the luxury of passing on potential $100 million deals when he thinks they don’t fit into his profile.
SLIGHTLY up today, most things are green. $ZOM up 15% so happy about that, since I bought more yesterday. Crypto all done 6-9% across teh board. Bitcoin 52k. $AMC and $GME up today 22% and 45% respectively.
about the same for me, up on some down on some. Nothing is up enough to take profits. I have a lot of things in my buy alert for prices but no money to make that happen. Just sort of rolling with the punches.
Really taking it up the ass on $FUBO. Oh well, not gonna dump it or dump anything. My pre-market was looking awesome but its fallen off a cliff after the market opened.
I think this is a long term buy but a good one.Im excited for it and Ill going to get in at some point with my 401k and long hold it for like 10 years. I have a little bit of all the ARKs and really like their vision. The ARKX one is a little weird though as the second biggest holding is the ARK 3d printing ETF. It makes sense on why 3d printing is big for space but the fact that its their own ETF is odd. I have a lot of PRNT for long hold, I worked in manufacturing equipment repair for many years and feel like 3d printing will revolutionize many industries. Big industrial companies have acres dedicated to stores and warehousing consumable parts. Then even with that multimillion dollar equipment is down for days or weeks waiting on parts shipments for repairs. When you can just 3d print your parts its fix all of that. Same thing for space, it would be easier to print stuff up there than bring it.
Yeah, I mean I have some Virgin Galactic, but its been hit and miss (overall up for me though). I've seen some things on using 3d Printing in surgery. Big potential. Market is down overall, and ARK invest has been hit pretty hard too. May start buying some weekly since the YOLO recos are kind of crappy right now.
I like these ETFs because I am really big on the future potential but at this point its really hard to pick a specific company that will do well, and even if they will do well they might suck for a long time.
I got some ARKX. I had to sell some YOLO to get it but even with YOLO down I am still taking profits on it so I feel good enough about it. These are both speculative long term holds for me. At the current prices it was almost a 1:1 swap so it will be easy to see if I made the right move or not.
Thinking it will be a good week. Good jobs numbers. Futures looking good. May look at Tilray again, Nio or Tesla are on my radar too as they are pretty low now.
