Basketball icon Michael Jordan officially sold his majority ownership in the Charlotte Hornets NBA team on August 3. The team was sold for an estimated $3 billion, more than 10 times the $275 million Jordan purchased it for in 2010. The Hornets made the playoffs only three times under Jordan’s leadership. “I’m excited about the future of the team and will continue to support the organization and the community in my new role in the years ahead,” said Jordan, who kept a minority stake in the franchise.

Who Is Michael Jordan?

Michael Jordan is a former professional basketball player, American Olympic athlete, businessperson, and actor. Considered one of the best basketball players ever, he dominated the sport from the mid-1980s to the late 1990s. Jordan led the Chicago Bulls to six NBA championships and earned the league’s MVP Award five times. With five regular-season MVPs and three All-Star MVPs, Jordan became the most decorated player in the NBA.

Early Life and Family

Michael Jeffrey Jordan was born on February 17, 1963, in Brooklyn, New York. His mother, Deloris, was a bank teller who has since written several books. His father, James, was a maintenance worker turned manager at General Electric. Jordan, the fourth child of Deloris and James, has four siblings: James Jr. (known as Ronnie), Deloris, Larry, and Roslyn.

Growing up in Wilmington, North Carolina, Jordan developed a competitive edge at an early age. It was James who introduced his son Michael to baseball and built a basketball court in their backyard. Michael idolized his brother Larry, and the two would often play one-on-one into the night. Michael wanted to win every game he played.

Jordan attended Laney High School in Wilmington. He was notably assigned to the school’s junior varsity basketball team as a sophomore—he was still under 6 feet tall then—before developing into one of the country’s top recruits.

During a basketball camp in the summer of 1980, Jordan grabbed the attention of legendary University of North Carolina at Chapel Hill head coach Dean Smith and his staff. He signed his letter of intent with the school in 1981.College Career

Jordan enrolled at North Carolina in 1981 and soon became an important member of the university’s basketball team. UNC won the NCAA Division I championship in 1982, with Jordan scoring the final basket needed to defeat Georgetown University. He was also singled out as the NCAA College Player of the Year in 1983 and in 1984.

Jordan left college after his junior year to join the NBA in 1984. In 1986, Jordan finished his bachelor’s degree in geography as he continued to play basketball professionally.

Professional Basketball Career

The 6-foot-6 Jordan began his professional basketball career when he was drafted by the Chicago Bulls in 1984. He was the third overall pick, behind Hakeem Olajuwon, who was selected first by the Houston Rockets, and Sam Bowie, taken by the Portland Trail Blazers; the draft also featured legendary players John Stockton and Charles Barkley.

Jordan soon proved himself on the court. He helped the Bulls make the playoffs and scored an average of 28.2 points per game that season. For his efforts, Jordan received the NBA Rookie of the Year Award and was selected for the All-Star Game.

Although his second season was marred by injury, he broke new ground on the court during the 1986-87 season. He became the first player since Wilt Chamberlain to score more than 3,000 points in a single season. By the late 1980s, the Chicago Bulls were quickly becoming a force to be reckoned with, and Jordan was an instrumental part of the team’s success.

The Bulls made it to the Eastern Conference Finals in 1990 and won their first NBA championship the following year by defeating the Los Angeles Lakers. Jordan was well known by then for his superior athleticism on the court and for his leadership abilities.

In 1992, the Chicago Bulls beat the Portland Trail Blazers to win their second NBA championship. The team took their third championship the following year, dominating in the basketball world.

Following the 1993 death of his father and a short stint in minor league baseball, Jordan returned to the basketball court and the Bulls in March 1995. He came back even stronger the following year, averaging 30.4 points per game to lead the Bulls to a then-record 72 regular-season wins before they defeated the Seattle SuperSonics for the NBA championship.

Chicago nearly matched the previous year’s record with 69 wins in 1996-97, a season that ended with a Game 6 win over the Utah Jazz in the NBA Finals. The two teams faced each other again for the championship in 1998, with Jordan sinking the winning shot in Game 6 to claim his sixth and final title. In addition to those six rings, Jordan won each of his five league MVP awards with Chicago.

After his second retirement from basketball in 1999, Jordan joined the Washington Wizards in 2000 as a part owner and as president of basketball operations. In the fall of 2001, Jordan relinquished these roles to return to the court once more. He played for the Wizards for his final two NBA seasons.

Jordan’s Jersey Numbers

Jordan is most famous for donning No. 23 during the majority of his career. He once said the number was a reference to brother Larry, as it was roughly half of his elder sibling’s high school number 45.

Jordan did wear 45 upon his 1995 return to the NBA because 23 was the number his late father knew him by, and he wanted a new beginning. That lasted only a couple months before Jordan switched back to 23 during the 1995 playoffs.

Jordan famously wore No. 12 for one game on February 14, 1990, because his jersey had been stolen. The Bulls didn’t have a backup and tried to locate a 23 jersey in the stands that would fit Jordan but couldn’t. The temporary change didn’t affect his performance, as Jordan scored 49 points in a loss to the Orlando Magic.

Olympics

During the summer of 1984, Jordan made his first appearance at the Olympic Games as a member of the U.S. Olympic basketball team. The team of college amateurs won the gold at the games that year, which were held in Los Angeles.

Jordan later helped the American team bring home the gold medal at the 1992 Olympic Games, held in Barcelona, Spain. The U.S. squad featured professional players for the first time that year, including Larry Bird, Magic Johnson, and Jordan, and became known as the “Dream Team.”