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Michael Jordan Leads $26M Investment In aXiomatic To Enter eSports

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NBA legend Michael Jordan led a Series C funding round of $26M in Team Liquid, a subsidiary of aXiomatic. The other investor who joined the ownership group was Declaration Capital, a family office investing on behalf of David Rubenstein.

Jordan who is arguably the greatest NBA player of all time and won six championships in his career also has deals with Nike [NKE], Gatorade and Hanes. He is a majority stakeholder in Charlotte Hornets, a franchise valued at $1.05B. Jordan’s net worth is pitched at a whopping $1.7B.

The eSports industry is expected to witness robust growth

This investment in aXiomatic marks Michael Jordan’s foray into the eSports industry. Jordan released a statement saying, “I’m excited to expand my sports equity portfolio through my investment in aXiomatic. Esports is a fast-growing, international industry and I’m glad to partner with this great group of investors.”

aXiomatic is the parent company of eSports organization Team Liquid. According to Forbes, aXiomatic is the second most valuable eSports company in the world behind Cloud9.

The eSports segment is a high growth one and is estimated to grow by 38% year-over-year to $905.6M by the end of 2018. Traditional gaming companies such as Activision Blizzard [ATVI] and Electronic Arts [EA] are also looking at eSports to drive revenue growth.

The worldwide eSports audience is estimated to reach 580M by 2021 and this will propel the eSports market close to $2B. Companies such as Amazon’s [AMZN] Twitch have already snagged multi-million dollar broadcasting deals of popular eSports leagues.

ENTREPRENEURS

Conor McGregor: ‘How I Used The Law Of Attraction To Visualize My Success Into Reality’

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Forget MMA and boxing.

Conor McGregor is one of the most successful entertainers, period. In less than five years, he’s become the UFC’s number one attraction, broken all sorts of records in his boxing debut, made $100M—again in his boxing debut—and now he’s even launched his own off-the-shelf flying whiskey Proper 12.

“Something about simply endorsing an Irish whiskey didn’t feel right to me,” Conor told Entrepreneur this month. “I wanted to create my own, I wanted to do it my way and I wanted to do it right—from start to finish.”

At 30, how did McGregor make all this happen? Well, according to himself, he spoke it into existence. Here’s what he had to say.

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VIDEO: Everything Mark Cuban Does In A Day

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Billionaire Mark Cuban of Shark Tank fame is one of the most famous, and most popular, entrepreneurs around. Mark routinely drops gems and #wealthhacks — see here — all the while running companies and NBA franchise the Dallas Mavericks.

But how does he actually spend his time? In this video, he breaks it down. Check it out.

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INTERVIEW: Billionaire David Tepper On Achieving Financial Success

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One of the world’s biggest hedge fund manager, David Tepper, has been in the news recently after he sold a large stake of his investment in Apple. In this interview, the billionaire investor talks about the right strategy to achieve financial success.

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