Michael Jordan’s investment offer rejected by C. David Moody Jr.

Michael Jordan has a large portfolio of company shares. Still, the biggest Black-owned construction management and general contracting firm within the United States rejected his investment offer.

C. David Moody Jr., founder Construction of a Moody CDrecalls the early days of his Atlanta-based company when he could have benefited from an investment but passed it as much as see what he could do on his own.

“Well, I put money into the stock market, but I do not think I could have a partner, not because I’m difficult to work with. “I just wanted to run my own show,” he said he said on the AfroTech podcast.

“I mean, Michael Jordan was going to invest in my company in the early ’90s.”

Moody continued. “I still have a photograph of him signing ‘congratulations and good luck’ to our construction company. At the last minute I went to his financier and refused.

“He said, ‘You’re the primary person to ever turn them down.’ Now I said, “I turned them down because I wanted to know what I could do on my own.”

The Morehouse and Howard University graduate proved he was right to imagine in himself. Over the course of greater than 35 years as a construction company, Moody grew his business from $1 million a 12 months to $70 million a 12 months, completing business projects for Disney, Home Depot, Olympic Stadium, Morehouse College Leadership Center, Turner Baseball Field, Philips Arena and plenty of others. more.

Moody attributes his early financial guidance to his father, a former professor and vice chancellor of the University of Michigan. His father gave him useful advice that set him on the precise path.

“My dad grew up during the Great Depression, things were tight, and he grew up in a very poor family in Louisiana,” Moody explained. “He always taught me how to save money. He said, “I don’t care if you save, but $10.” So when I started my business – which we started undercapitalized, like almost all of us – whenever I made a few dollars, I was afraid to spend them. I reinvested it and made sure I could take care of my family.”

Moody’s has been consistently featured on web sites for over twenty years BLACK ENTERPRISES Top 100 magazine, which highlights the nation’s largest Black-owned industrial and repair corporations. Additionally, Moody’s recognized the corporate as one among Atlanta’s Top 25 Commercial Contractors and Top 100 Private Companies.