Trustees and Presidents: A Podcast for University Leaders On College Athletics

What College Athletes Should Know About Wealth and Equity: A Conversation with Michael B. Jordan


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Deep inside the Prudential Center, the home of the NHL’s New Jersey Devils, thirty-seven-year-old Michael B. Jordan was shuffling a deck of cards. You’re a card player, I asked? He said, yes, and he listed a few games, some of which I’ve heard of, some not. He seemed at ease. He had just done a pre-recorded hit for NBC’s the Today Show, and was about to do an interview with me.

Named to Forbes’ 30 Under 30 list in 2014 for Hollywood and Entertainment, Jordan has since added to his impressive list of accomplishments major leading roles in three movies, “Black Panther”, “Black Panther: Wakanda Forever”, and “Creed”. His net worth is pegged at $25 million. Now he wants to climb to the top of the sports world. I asked him what his ultimate goal was. With a serious look, he said, “I want to own an NBA franchise”.

Jordan knows what equity and wealth have meant to him. Now it was time to share that insight with others who grew up like him.

Just before the launch of the two day Invesco QQQ Legacy Classic, a showcase tournament for four HBCU men’s basketball teams in Newark, NJ, I was invited to exclusively interview Michael for Forbes.com. Over the 30 minutes we spent together, Michael shared wisdom and insight that is valuable to everyone, but in particular, college athletes trying to navigate the great financial potential of name, images and likeness.

 

Here is my conversation, recorded February 2, 2024. You can learn more about the Legacy Classic and that historic weekend in my piece for Forbes.

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Trustees and Presidents: A Podcast for University Leaders On College AthleticsBy Dr. Karen Weaver

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