July 4th 2023.
Michael B. Jordan has taken his investment game to new heights with his purchase of a stake in Alpine Racing, a Formula 1 team. According to AfroTech, the 24% equity stake was worth $218 million and increased the team's valuation to $900 million. Jordan is not alone in his investment; fellow Hollywood actors Ryan Reynolds and Rob McElhenney have also invested.
This isn't the first time Jordan has invested in sports. Last year, he became a minority shareholder in AFC Bournemouth, a club that stated they will work with Jordan and his partner Nullah "in areas including global marketing and internationalization of the club".
Jordan's net worth is estimated to be $25 million, much of which comes from his successful acting career. He earned around $2 million for his role as Erik Killmonger in Black Panther, and an undisclosed amount for his role in the sequel, Black Panther: Wakanda Forever. In terms of box office numbers, Creed III made $275.3 million, Creed II made $214.1 million, and Creed made $173.6 million.
Jordan isn't the only celebrity to have recently become a sports team owner. J. Cole became a minority owner of the Charlotte Hornets after NBA legend Michael Jordan sold a majority stake to a buyer group, and actress Halle Berry joined a biotech company as an equity owner and investor.
Clearly, celebrities are taking the initiative to invest in more than just their acting careers. Michael B. Jordan's involvement in Alpine Racing and other investments is just one example of the many high-profile celebrities that are building their wealth through savvy investments.
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