Michael Jordan Net Worth
Michael Jordan net worth
Michael Jordan net worth is no more hidden from the public. He is a retired American basketball athlete and entrepreneur who has a net worth of $1.9 billion. Even though Michael has not played basketball professionally in over a decade, he still earns an expected $80-100 million per year from advertisements and many other business ventures. Michael made $60 million every year from Nike/Jordan brand sovereignty alone. During his playing days, Jordan set sports records by being the first player to earn over $30 million per year in salary which appeared from 1996 – 1998 while he was playing for the Chicago Bulls. In that season he made $33.14 million which is the same as earning $53 million per year in today’s inflation-adjusted dollars. Michael is the preponderance owner of the NBA team. This stake, as we detail in a minute, is what made him a billionaire.
|Michael Jordan net worth:||$1.7 Billion|
|Michael Jordan Age:||55|
|Born:||February 17, 1963|
|Country of Origin:||United States of America|
|Source of Wealth:||NBA Player|
Jordan led the Chicago Bulls to six NBA championship titles. He is a five-time league MVP, he holds the record for largest career scoring average of all time and was inducted into the Hall of Fame on September 11 2009. He made a total of $97.3 million in salary during his time as an NBA player. Amazingly, today he typically makes far more in a single 12 month period from advertisements than he earned in his entire NBA profession from salary. This created a massive difference in Michael Jordan net worth.
Michael has been married to Cuban-American model Yvette Prieto since April 2013. Michael Jordan wife blessed with twin daughters in February 2014. He has three other kids from his former marriage.
Is Michael Jordan the Richest NBA Player Of All Time With this Net Worth?
People all over the world, despite age, gender, or level of engagement in sports, have heard the name Michael Jordan. The famous basketball player has shaped out a place in history for himself that will never be matched by any other entertainment star.
From getting multiple awards and recognition for Most Valuable Player to pop-culture hits like the film Space Jam, Michael Jordan is without any uncertainty a living legend. Read on to learn how Michael Jordan became famous and how rich the basketball pro is.
- Michael Jordan earned less than $100 million as the NBA’s most famous player of all time but is now a part of Forbes’ list of billionaires Michael Jordan net worth $1.9 billion.
- He’s also the highest-paid player of all time.
- Since Jordan retired in 2003, he has made the most successful and profitable career we’ve ever seen from a previous athlete.
- He’s been known as a highly ambitious person, both on and off the field, and has faced his good part of legal battles.
- From sprawling apartments to custom planes and his golf course, he’s relishing life after hoops.
Nike Deal And Annual Royalties
Before Michael Jordan, the most significant celebrity shoe advertisement contract in the world was James Worthy’s $150,000 yearly deal with New Balance. In 1984, Jordan broke all endorsement records when Nike agreed to pay him $500,000 per year for five years. Jordan also got Nike stock options which brought his total earnings to $7 million over five years. Before signing the contract, Michael had never used a pair of Nike shoes in his life and had been expecting to sign with Adidas, but Nike’s offer was too expensive to match. When he debuted the shoes, they disrupted the NBA’s uniformity constraints. Nike paid all the league’s fines and used the debate to build excitement around the brand.
The Air Jordan shoe first arrived in stores in March 1985 and two months later had sold over a million pairs. In the first year, Air Jordan made $100 million in revenues for Nike. Today, 58% of all basketball shoe sales are Air Jordans, and the brand makes over $2.5 billion in yearly sales for Nike. He hasn’t played since 2003; he remains the highest-earning sportsman in the world. Jordans, remain one of the most asked after shoes among sneakerheads.