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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

This Millennial Makes 6 Figures From Selling Other Peoples Stuff

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Check out how this 32-year-old, Mark Meyer, started his business with a $400 loan. He is now making six figures, by selling other peoples items on Ebay and Amazon. He mostly gets his inventory from police auctions, liquidations and abandoned storage sales.

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How Dwayne Johnson Became The Biggest Box Office Draw In History

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Dwayne Johnson’s earnings haul has been nothing short of scintillating. In 1998, at 26, he became the then-youngest WWE champion of all time.

Fast forward 20 years later, Dwayne Johnson’s wrestled his way to top of Hollywood’s food chain: For one, he’s the world’s highest paid actor. And he recently became the biggest draw in Hollywood history.

Johnson climbed the Forbes’ rankings to clinch the top spot as the world’s biggest star, trumping fellow actors like George Clooney and Robert Downey Jr.

The Rock’s scripted a superstar success story when it comes to entrepreneurship. After launching his production house with ex-wife, Dwayne soon expanded its operations to cover content strategy for social media platforms.

This big move helped them increase their global footprint.

Several endorsements, WWE stints and numerous action films later, Johnson now commands earnings of eight figures for films and shows. And his journey has only got more exciting by the day.

Bob Iger Insight

Happy to share a lil’ insight from an invaluable mentor and friend, Bob Iger. CEO of one of the most trusted and beloved brands the world has ever known. Building a global brand takes time.10, 20, 30 years.. even more. Sure it takes relentless hard work, passion & vision, but the main thing it takes is TRUST. Building that trust with your audience where they know and believe that you’ll always do your best to deliver a fun, memorable EXPERIENCE. And like any successful relationship, it takes years to build up and you always gotta take care of it with your own two hands. #TimeAndTrust 🌎

Posted by Dwayne The Rock Johnson on Friday, July 20, 2018

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VIDEO: How NBA Star Stephen Curry Is Churning Money Off The Court

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NBA’s ace athlete, Stephen Curry, is sitting pretty on a net worth that’s over $90M. Apart from playing for the Golden State Warriors, Curry is an investor and entrepreneur, and very recently turned executive producer, with his feature film, “Breakthrough,” slated for release on April 12, 2019.

Here’s how he makes his millions.

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