#170 How Michael Jordan Turned $25 Million Into $3 Billion By Buying The Charlotte Hornets For Pennies On The Dollar
The Joe Pomp Show
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Michael Jordan's Acquisition of the Bobcats
Robert Johnson was worth over a billion dollars, according to Forbes at some point during his career. But then he started investing in a bunch of deals that were essentially out of his expertise. His CBS and Viacom stock was dropping. He was losing $25 million a year on the Bobcats. The Daily Beast is reporting that Robert Johnson couldn't make the payment.
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