The GameStop stock price increased – Hall of Famer and six-time NBA champion Michael Jordan’s, who is now majority owner of the Charlotte Hornets, net worth decreased, via The SportsRush:

“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,” Amulya Shekhar wrote.

“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.”