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Kevin O’Leary, a star of the television show Shark Tank, stated on November 6, 2026, that a rare Michael Jordan trading card in his possession is worth more than $2 million. His investment group reportedly paid between $500,000 and $600,000 for the card, meaning the claimed current valuation represents a more than threefold increase in value.
O’Leary posted a video on X showing the card attached to a custom Tiffany & Co. chain. In the accompanying text, he described the item as “wearable art” and a “fantastic alternative asset class.”
Rarity and Auction Precedent
The card is a 1997-98 Fleer Metal Universe Precious Metal Gems (PMG) Red Michael Jordan card. Fleer produced only 100 numbered PMG Jordan cards. The first 10 in the series were green, and the remaining 90 were red. O’Leary owns card number 12.
O’Leary claims that one of the green versions was destroyed, leaving nine green cards in existence. He stated he chose the red version because its color matches the rubies on his Tiffany chain.
Recent market activity supports the high valuation of these specific cards. In August 2026, a Jordan PMG Red card numbered 52 of 100 sold for $1,473,989 at public auction. That transaction made it the most expensive PMG card ever sold at a public auction.
Portfolio Strategy and Market Context
O’Leary has argued that some collectible cards “seem to defy recessions.” He aims to allocate 5% of his portfolio to sports cards. He views the asset class as a hedge against traditional market volatility.
Broader market data cited in the report indicates that an index of rare Pokémon cards gained more than 150% between September 2021 and October 2026. Over that same period, the Pokémon card index outperformed Bitcoin, gold, and the S&P 500.
However, no public auction has yet confirmed the $2 million valuation of O’Leary’s specific card. The final price for his copy would depend on its condition, grading, and buyer demand. Collectibles generally generate no income and can take time to sell, relying heavily on the willingness of a buyer to pay a premium.
Frequently Asked Questions
How much did Kevin O’Leary pay for the Michael Jordan card?
Kevin O’Leary’s investment group paid between $500,000 and $600,000 for the 1997-98 Fleer Metal Universe Precious Metal Gems Red Michael Jordan card.
Has the $2 million value of O’Leary’s card been confirmed by a sale?
No, no public auction has yet confirmed the $2 million valuation. The value is currently a paper estimate based on comparable sales, such as the $1,473,989 sale of card number 52 in August 2026.
