He just took an equity interest in DraftKings and will advise the company's board of directors. Shares surged 12% following the Wednesday
announcement.
In June, Jordan and Nike's Jordan brand pledged a donation of $100 million to 'drive real impact for the Black Community' amid nationwide
Black Lives Matter protests.
He's faced his fair share of legal battles and in addition to using his wealth for philanthropic purposes, he also indulges in personal
enjoyment: He owns sprawling estates, his own golf course, an NBA team,
and multiple restaurants.
DraftKings announced on Wednesday that Michael Jordan took an equity stake in the sports betting company, along with a special adviser role.
The company's shares surged 12% immediately following the announcement.
Earlier this summer, Jordan and Nike's Jordan Brand pledged to donate $100 million over 10 years to organizations fighting for 'racial
quality, social justice, and greater access to education.' The June 5
announcement came amid nationwide Black Lives Matter protests over the
killing of George Floyd.
