Michael Jeffrey Jordan is popularly known as Michel Jordan, a former professional basketball player, and An American businessman. Between 1984 and 2003 Michael played 15 seasons in the National Basketball Association. With the Chicago Bulls, he has won six NBA Championships and is also known as the greatest NBA player of all time. The estimated net worth of Michael Jordan is $3.6 billion, after selling the majority of its stake in Charlotte Hornets.
According to Forbes, he was the highest-paid athlete of all time after he retired from the NBA. Jordan is in partnership with brands like Nike, Gatorade, and Hanes from which he has earned $1.8 billion. The net worth of Michael Jordan supplemented form his NBA salary and lucrative partner deals with various brands.
Net Worth of Michael Jordan
Overview of Michael Jordan’s Wealth
The retired American basketball player Michael Jordan, entrepreneur, team owner, and product endorser has a net worth of 3.6 billion. He is regarded as the most popular basketball player on the globe, who has earned $93.7 million as a salary from his NBA career. His per-year salary was $30 million. Michael Jordan is one of the highest-paid celebrity endorsers and has earned $1.4 billion from different deals.
Annual Income After Retirement
From endorsement and various other business ventures, Mitchell earns 100 million per year, as for two decades he has not played basketball. From Nike and Jordan, Michael earns almost $60 million every year as brand royalties. Apart from salaries and brand endorsement, Michel has an ownership stake in the Charlotte Hornets NBA team. In 2010 he bought a majority stake in the Charlotte Hornets NBA team for $175 million.
Early Life of Michael Jordan
Childhood and Family
The legendary basketball player Mitchell Jeffrey Jordan was born on 17th February 1963, in Brooklyn. His father was James Jordan Sr and his mother was Deloris. The supervisor and his mother used to work in finance. Michel’s family moved to North Carolina when he was a toddler.
Education and Early Sports Career
At Emsley A. Laney High School Mitchell played football, basketball, and baseball.
Nike and Jordan: A Partnership for the Ages
Air Jordan and Its Financial Impact
Michel has earned over $1 billion long term partnership with Nike in Jordan which is one of the biggest dealers of sports products. The signature shoe Brand Air Jordan supplemented $5.1 billion in Michel’s net worth in 2022.
The Initial Nike Deal
Jordan first signed the deal with Nike in 1984 and as of 2020, he has earned 1.3 billion from Nike.
Other Investments of Michael Jordan
Ownership and Business Ventures
- Charlotte Hornets: Majority stakeholder since 2010.
- NASCAR Team: Co-owner of the racing team 23XI.
- Tequila Brand: Owner of a premium tequila brand.
- DraftKings: Stakeholder in the sports betting company.
- Restaurants: Owns several upscale dining establishments.
Conclusion
The richest NBA player Michael Jordan has a net worth of 3.6 billion. From being on a college basketball team to winning Olympic gold medals, the journey of Michael Jordan is very inspiring. This professional basketball player has broken all the barriers and is setting an example for the young players.
