Michael Jordan is widely regarded as the pinnacle of basketball greatness, with an unquestionable claim to the title of the greatest player of all time. Moreover, he has amassed a remarkable fortune, solidifying his position as the wealthiest star in NBA history. Let’s know about Michael Jordan Net worth in 2023.
According to Bloomberg, the iconic Chicago Bulls legend, known for winning six NBA titles during his illustrious 15-year career, and subsequently acquiring the Charlotte franchise after his retirement, boasts an impressive net worth of $3.5 billion.
About Michael Jordan
- Widely hailed as the greatest player in NBA history, Michael Jordan achieved an awe-inspiring feat by clinching six championships with the Chicago Bulls. His unparalleled skills on the court have solidified his status as a legendary figure in basketball.
- Throughout his career, he amassed a salary of $90 million. However, his earnings from illustrious corporate partnerships with brands like Nike, Hanes, and Gatorade have reached a staggering $1.8 billion (pre-tax).
- In September 2020, MJ became a valued addition to DraftKings, bringing expertise as a special advisor to the board and also investing in the sports betting firm.
- He also became a NASCAR team co-owner in late 2020.
- Michael, the owner of the Charlotte Hornets, made headlines in 2019 when he decided to sell a minority stake in the NBA team. The deal, which valued the franchise at a staggering $1.5 billion, was a significant move for Jordan and showcased the tremendous worth of the Hornets.
Highlights – Michael Jordan Net Worth
| Date of Birth | February 17, 1963 |
|---|---|
| Place of birth | Brooklyn |
| Gender | Male |
| Height | 6ft 5in |
| Profession | Basketball player, Athlete, Spokesperson, Entrepreneur, and Actor |
| Nationality | United States of America |
| Net Worth | $2.6 billion |
According to ESPN, Jordan’s wealth experienced a significant surge when he recently sold his majority stake in the Hornets for a whopping $3 billion to hedge fund tycoon Gabriel Plotkin and private equity mogul Rick Schnall. The transaction propelled his financial standing to new heights.
In 2010, Jordan made history by becoming the NBA’s inaugural black owner, purchasing the Charlotte franchise for a staggering $275 million. This remarkable achievement came after a remarkable career where Jordan claimed an astonishing five MVP awards and shattered 10 NBA scoring titles. At the time, the team was known as the Bobcats.
According to Bloomberg’s estimation, the former basketball icon, now a successful businessman at the age of 60, sold a substantial 65% stake in the team while retaining a minimal interest of less than 5%.
Michael Jordan Net Worth 2023
Michael Jordan recently sold 80% of his stake in the Charlotte Hornets for a hefty $3 billion, as part of a deal led by Gabe Plotkin and Rick Schnall. Despite the sale, Jordan still retains a 10% stake to maintain his involvement with the team. This transaction marked the end of his 13-year reign as the majority stakeholder. Prior to the sale, Jordan’s net worth stood at $2.2 billion, but with the sale, he pocketed a cool $1.1 billion, while still holding a stake worth $300 million. As a result, the legendary player’s net worth now stands at an impressive $2.6 billion.
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Michael Jordan’s Endorsement Earnings
Michael Jordan, the early riser, experienced fortune’s early arrival in his career. Throughout the years, his remarkable basketball journey attracted numerous endorsements. Presently, he serves as a spokesperson for renowned brands such as Nike, McDonald’s, Coca-Cola, Chevrolet, Ball Park Franks, Hanes, MCI, Rayovac, Wheaties, and Gatorade. Moreover, Jordan upholds ambassadorial roles for Upper Decks, 2K Sports, and Five Star Fragrances. Additionally, the accomplished athlete boasts car deals and ownership of seven restaurants.
Unlike Michael Jordan’s NBA career, he has amassed a staggering $1.1 billion through his lucrative corporate contracts over the years. Allegedly, it has been disclosed that he never signs a partnership deal with a brand for anything less than $10 million.
Michael Jordan’s Other Sources of Income
Jordan is an exceptionally versatile individual with a multitude of revenue streams that contribute to his staggering billion-dollar fortune. This iconic player achieved billionaire status for the first time in 2014 and further solidified his financial success by amassing a remarkable $2 billion by 2020. In addition to lucrative endorsements, a significant portion of Michael Jordan’s substantial earnings can be attributed to his sizeable NBA salary, totaling an impressive $94 million.
One significant contributor to the player’s fortunes was the sale of 80% of his stocks in the Charlotte Hornets. In addition, he possesses opulent real estate and an impressive collection of automobiles, which includes a meticulously crafted $50 million private jet, a sprawling Chicago mansion nestled on a 7-acre plot, and a palatial residence in Jupiter, Florida, valued at an astounding $7.6 billion.
Achievements
Michael Jordan Net Worth boasts an extraordinary list of accomplishments. As the leader of the Chicago Bulls, he orchestrated their victorious claim to six NBA championship titles and earned the prestigious distinction of five-time league MVP. Jordan also holds the unparalleled record for the highest career scoring average of all time and was enshrined into the revered Hall of Fame on September 11, 2009.
In November 2016, Michael Jordan was bestowed with the Presidential Medal of Freedom by Mr. Barack Obama, the President of the United States. Throughout his illustrious career, Jordan has earned a multitude of prestigious accolades, including ten-time All-NBA First Team, Defensive Player of the Year, and six-time NBA Finals MVP. His remarkable achievements have left an indelible mark in the annals of basketball history.