Michael Jordan is widely considered the greatest basketball player of all time. Jordan is also one of the most intriguing and marketable personalities in NBA history. His post-NBA earnings are. Let’s see ahead.
For all the achievements and accolades he collected throughout his legendary career, His Airness has also done the same in terms of collecting assets. And, of course, he’s the current owner of the Charlotte Hornets. However, he’s reportedly close to a deal to sell the Hornets. In this specific post, we’re looking at Michael Jordan’s net worth in 2023.
What is Michael Jordan’s Net Worth In USD 2023?
In 2023, Forbes estimates Michael Jordan’s net worth at $2 billion. If I talk about his net worth in USD that is a total of 2,43,61,580 Dollars. His net worth may change after he sells the Hornets. It’s no surprise Jordan can afford uncommonly expensive cars.
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Jordan was the world’s richest former professional athlete in 2020, according to Forbes. Business Insider said that in 2014, he became the first billionaire athlete. However, Jordan lost $500 million strangely.
How Did Michael Make His Wealth in Billions?
Michael Jordan made $93.2 million as a Bulls and Wizards player, according to Basketball Reference. With over five MVP awards and six titles, his final two seasons with the Bulls earned $63 million. His pay was $161 million after inflation.
Michael Jordan’s Legendary Basketball Career
Jordan was born in Brooklyn on February 17, 1963. When he was young, his family moved to Wilmington, N.C., where Jordan would thrive in high school basketball. As a freshman at North Carolina, he made the winning shot in the national championship game. Jordan was picked third overall by the Chicago Bulls in 1984 after being awarded national player of the Year in his junior season.
Jordan averaged 30.1 points per game and was an All-Star every year of his career. The Bulls won three consecutive NBA titles with Jordan as their leader. In 1993, Jordan retired after failing to make an MLB squad.
Michael Jordan unretired and returned to the Bulls, who won three more NBA titles. In 1998, he retired again, but in 2001, he signed with the Washington Wizards. The Wizards missed the playoffs for two seasons before Jordan retired.
Michael Jordan’s NBA Earnings
The six-time NBA champion only earned $90 million in his NBA career, with $63 million coming in his final two seasons with the Chicago Bulls. He also earned money from Nike, Gatorade, Hanes, McDonald’s, and Upper Deck endorsements.
Michael Jordan made most of his money after retiring from basketball, as seen by his basketball income. He is Nike’s Jordan Brand ambassador and has his own clothing brand. After Jordan Brand made $5.1 billion in the 2022 fiscal year, Nike paid him $256 million. His business sponsors earn $2 billion pretax.
Michael Jordan’s Investments
The Charlotte Hornets, which he owns, account for much of his wealth. The 2010 Hornets purchase was allegedly $175 million by the six-time Finals MVP. Forbes estimates the franchise’s value at $1.7 billion, less than Jordan’s projected personal worth.
If the Hornets had won the 2023 NBA Draft lottery, they would have been worth $500 million more. MJ sold a minority party in the Hornets, but he said he wouldn’t give up control. Michael Jordan also invested in DraftKings and co-owned a NASCAR team in 2020. He owns multiple luxurious residences as part of his vast asset base.
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Michael Jordan has managed his assets well post-basketball. The GOAT will inspire NBA stars like LeBron James and Charles Barkley. Time will tell how much his worth rises, but it doesn’t appear to be slowing down anytime soon.
How Much is Michael Jordan Making off his Nike Deal?
Michael Jordan’s Nike agreement pays how much? 5% of the brand goes to Michael. According to Hypebeast, Jordan’s contract with Nike earned him $1.3 billion USD in 2020, the most any athlete has profited from Nike.
Michael Jordan initially intended to sign with Adidas, but Nike seemed more tempting. “The final Nike agreement pays Jordan roughly $2.5 million for five years, plus a royalty on items sold and ”a long-term security package,” according to The New York Times. It also includes a scholarship fund in Jordan’s honor and a 12-day yearly, expense-paid working vacation to promote Nike worldwide. The condition forcing Nike to spend at least a million dollars promoting the merchandise was crucial to boosting the name “Michael Jordan.”
Nike launched the Jordan Brand in 1997. In 2022, sales exceeded $5 billion, and Michael Jordan earned $150 million.
In 2021, Sotheby’s auction house sold the earliest known Jordan/Nike shoes for $1.47m. In April 2023, on Jordan’s 1998 NBA finals-worn Air Jordan XIII “The Last Dance” trainers. They could be the most expensive auctions at $2m to $4m.
Michael Jordan’s Charities
Michael Jordan gives a lot to charity. The basketball player gave the Make-a-Wish charity $10 million in February 2023, its greatest donation ever. Jordan donated to the foundation to mark his 60th birthday.
After the June 2020 George Floyd demonstrations, the basketball player pledged $100 million over 10 years to organizations promoting “racial quality, social justice, and greater access to education.”
In 2018, he gave $1 million each to the American Red Cross and the Foundation for the Carolinas’ Hurricane Florence Response Fund and met with hurricane victims in Wilmington, NC.
Some Unknown Remarkable Facts About Michael Jordan
- Michael Jordan is the greatest NBA player.
- He’s the world’s wealthiest former athlete with $2 billion.
- Since retiring in 2003, he has developed a successful profession and donated his riches.
- He indulges with a private golf course, enormous estates, an NBA team, restaurants, DraftKings, and a $3 million automobile.
- The Chicago Bulls won six titles under Michael Jordan, the NBA’s finest player.
- His career salary was $90 million, but Nike, Hanes, and Gatorade paid him $1.8 billion (pre-tax).
- MJ became a special advisor to DraftKings’ board and an investor in September 2020.
- In late 2020, he co-owned a NASCAR team.
- Jordan sold minority ownership in the Charlotte Hornets in a 2019 deal worth $1.5 billion.
Conclusion
Michael makes it obvious that his incredible accomplishment came from within, due to his mentors. His basketball skills, work ethic, philosophy, personal style, competitiveness, and presence permeate his life. Michael’s twentieth Air Jordan shoe helped Nike’s Brand Jordan business sell roughly $500 million nearly three years after his retirement.
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