23XI Racing is currently co-owned by Michael Jordan, Denny Hamlin, and Curtis Polk as of December 2025. The team has since become a household name in the NASCAR Cup Series since its founding in 2020. Interesting Football brings you detailed information about the ownership structure of the auto brand.
23XI Racing is an American professional auto racing team that competes in the NASCAR Cup Series. Interestingly, the naming of the organisation is the combination of the number 23 Michael Jordan remains an influential player in NBA history, and the number 11 is the one Denny Hamlin has driven his entire Cup Series career.
Ownership of 23XI Racing Explained
Michael Jordan: The NBA legend and businessman is one of the biggest names in the ownership of the team. He was also a part owner of the NBA franchise Charlotte Hornets before the eventual sale of the team.
Denny Hamlin: The active NASCAR Cup Series driver with Joe Gibbs Racing.
Curtis Polk: He is the third owner of the organisation and has been a long-time business partner and financial advisor for Michael Jordan.
Owners’ net worth and source of wealth
Michael Jordan
Michael Jordan is one of the wealthier sports personalities in the world currently. Although now a retired player, he has an estimated net worth of around $3 billion, according to figures from Forbes in 2025.
Michael Jordan makes money through the famous Nike’s Air Jordan brand, earnings through his NBA career, the sale of the Charlotte Hornets (sold majority stake in 2023), endorsement deals with brands such as Gatorade, Hanes, etc.
Michael Jordan also has investments in the sports and entertainment industry. A notable example is his investment in the Grove XXIII golf course in Hobe Sound, Florida, and DraftKings.
Denny Hamlin
Denny Hamlin is the next name on the list with an estimated net worth of around $65 million accrued from his earnings as a driver and endorsements.
Curtis Polk
Curtis Polk also has a significant net worth at around $50–100 million through his business management and investments. He was managing partner of Hornets Sports & Entertainment until the sale of the franchise in 2023.
Ownership History of 23XI Racing
23XI Racing was founded in 2020 by Michael Jordan and Denny Hamlin. Curtis Polk joined the ownership group later on.
23XI Racing History
23XI Racing debuted in the NASCAR Cup Series in the 2021 season with Bubba Wallace as the driver. The team later expanded to multiple cars. Its sharp rise resulted in significant sponsorship with top brands like DoorDash, McDonald’s, Dr Pepper, and the Jordan Brand.