What Is Michael Jordan’s Net Worth?

By | April 18, 2020

Michael Jordan has been a part of our lives since his first NBA season in 1984, and while he’s remained in the spotlight ever since, there’s been a renewed interest in Jordan and his basketball career ever since the announcement of his ESPN documentary The Last Dance, which will premiere this Sunday.

It’s no wonder that fans are still fixated on Jordan’s NBA career, as he has an astounding list of accomplishments: he was the NBA Finals’ Most Valuable Player six times, and he has five overall NBA MVP Awards, three All-Star Game MVP Awards, two Olympic gold medals, and he was the 1988 NBA Defensive Player of the Year.

And to this day, Jordan still holds the NBA record for highest career scoring average and highest career playoff scoring average, and he was named the greatest North American athlete of the 20th century in 1999.

All of these accolades have led fans to wonder how much Jordan earned during his NBA career, and just what he’s been up to since his retirement in 2003. Here’s what we know about Jordan’s net worth.

Michael Jordan’s net worth is $ 2.1 billion.

As you can expect, Jordan made a large chunk of his money on the court. During his NBA career, Jordan earned $ 94 million during 13 seasons with the Chicago Bulls and two years with the Washington Wizards, and he also got $ 4 million during the 1993-94 NBA season that he sat out in order to play minor league baseball. But while Jordan was the first athlete in history to earn over $ 30 million per year in salary, he was the NBA’s highest-paid player for only two seasons.

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However, Jordan’s biggest money maker has come from his endorsements, and as Forbes staff writer Kurt Badenhausen explained, “The NBA made Jordan famous, but it was his sponsors that made him rich.”

Jordan has earned an astounding $ 1.7 billion (!) from his deals with brands like Nike, Coca-Cola, Gatorade, McDonald’s, Wheaties, and Chevrolet, and he’s a majority owner of the Charlotte Hornets. His ownership stake in the Hornets is what pushed Jordan to billionaire status in 2014, as the team’s franchise value rose after he bought the team in 2010. In 2017, it was reported that about half of Jordan’s net worth came from his 90% ownership stake in the Hornets, which was worth around $ 500 million.

And of course, he can’t talk about Michael Jordan’s net worth without talking about Air Jordan. The ubiquitous shoe is the favorite of athletes and fans around the world, and when Jordan inked his five-year deal with Nike in 1984, no one knew how far the Jordan brand would go. The initial deal was worth about $ 500,000 annually, but in 2019 Jordan took home about $ 130 million from the Jordan brand.

The basketball legend is also involved in a TON of other ventures, including aXiomatic, the parent company of esports squad Team Liquid, a car dealership, the tequila brand Cincoro, restaurants, and a car dealership.

Jordan also tries to give back, and from 2001 to 2014, he hosted an annual charity golf tournament called the Michael Jordan Celebrity Invitational. In 2008, Jordan was named Chief Wish Ambassador of the Make-A-Wish Foundation, and he’s raised more than $ 5 million for the foundation as of 2019. He also donated the proceeds of a 2015 legal settlement to several Chicago-based charities.

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