Does Michael Jordan Invest in Prisons?
Nike, the billionaire sportswear company founded by Michael Jordan, is accused of exploiting prisoners in order to produce cheap Nike Air Jordans. This is considered modern-day slavery. The basketball legend has remained silent about this issue, as well as about the deaths of those who have purchased Air Jordan sneakers. Many people believe Jordan’s involvement with prisons was scandalous. But the truth is quite different. The fact remains that the NBA legend has made lots of money through his sneaker line and has not done anything to help those who are suffering in prison.
Many people are outraged at Michael Jordan’s lack of activism and his silence over social injustices in the African-American community. Others are outraged at Jordan’s disdain for Rap music. These criticisms are based on only Facebook posts. Despite these comments Michael Jordan does not invest in prisons. He does however support the criminal justice and justice system. This is a good example his philanthropic nature, even though it is not the best move for everyone.
Although Michael Jordan is not involved in prison investment, he does donate millions of dollars to organizations that help communities communicate better with police officers. He also donates one-million dollars each year to charities. In addition to donating millions of dollars to charities, he also supports law enforcement and is a staunch supporter of law enforcement. In addition to investing in prisons, he also donates to organizations that work to improve police and community relations.
Although it’s hard to believe Jordan has invested in prisons, he has been an experienced investor over the years. He has participated in numerous funding rounds for different companies. He has invested in Gigster and Sportradar as well as Muzik and aXiomatic. Jordan, as an investor in aXiomatic has made a significant contribution to the company’s value. The company is currently worth $320 million.
Many believe that another Michael Jordan is involved in privatizing prisons. A recent Bureau of Environmental Services report found that 73% of all immigrants in the United States are held in private prisons. Statistics show that private prisons have a higher risk of violence against guards, and inmates attacking one another. The fact that Nike uses prison staff to create its signature shoes spawned numerous memes.
Friends of the Children is one of his charitable contributions. They will be benefiting from the proceeds of “The Last Dance”. He recently announced that his charity would be expanding to Chicago and Charlotte. This is a positive development for children’s charities in the country. Michael Jordan has been a great contributor to many organizations. His latest donation will allow the nonprofit to continue its growth.