Michael Jordan Net Worth
What is Michael Jordan’s net worth?
|Net Worth:||$2.1 Billion|
|Country of Origin:||United States of America|
|Source of Wealth:||Entrepreneur/Former professional basketball player|
Michael Jordan’s Net Worth in 2020
As of 2020, Michael Jordan’s net worth is 2.1 Billion dollars. Michael Jeffrey Jordan, also recognized by his initials MJ, is an award-winning American businessman and former professional basketball player.
Michael Jordan was born at Cumberland Hospital in the Fort Greene neighborhood of New York City’s Brooklyn borough on February 17th, 1963, on June 15th, 1970.
How Michael Jordan makes his money
Michael Jordan acquired his wealth as a basketball player and through his numerous business ventures, including the deal with Nike, which became the world’s most purchase athletic shoes for Nike’s Air Jordan sneakers. Michael Jordan’s net worth is 2.1 Billion dollars, as of 2020.
Michael Jordan has been a billionaire since 2014. According to Forbes magazine, MJ’s entire playing salary throughout his career estimated at 90 million dollars. Notwithstanding, he has earned an extra 1.7 billion dollars (pre-tax) from several corporate partners.
Michael Jordan is the leading owner of the Charlotte Hornets of the National Basketball Association (NBA) and the fourth wealthiest African-American behind Robert F. Smith, David Steward, and Oprah Winfrey. In 2014, MJ became the first billionaire player in NBA history. He retired from basketball in 2003 after being a Six-time NBA champion and participating in 15 NBA seasons. The official NBA website says that “by acclamation, Michael Jordan is the greatest basketball player of all time.” Michael Jordan is also known as one of the best defensive players in basketball.
Michael Jordan started playing basketball in high school. When he was a freshman in college, he became a member of the Tar Heels’ national championship team, where he helped his team win the 1982 NCAA Championship game against Georgetown with his jump shot. In 1984, he joined the Bulls as the third overall draft pick and quickly emerged as a league star.
In 1991, Michael Jordan won his first NBA championship with the Bulls. Since then he has acquired a lot of other Accolades, some of which are: 6 Bill Russell NBA Finals MVP Awards, ten scoring titles (both all-time records), 5-time NBA MVP Awards, 10-time All-NBA First Team designations, 9-time NBA All-Defensive First Team honors, 14-time NBA All-Star Game selections, 3-time NBA All-Star Game MVP Awards and becoming a member of the FIBA Hall of Fame in 2015.
Michael Jordan is one of the most effectively marketed athletes of his generation. He boosted the success of Nike’s Air Jordan sneakers, which were introduced in 1984. In 2019, he earned an estimated $130 million from his Nike deal alone, according to Forbes. In 1996, he starred as himself in the highest-grossing basketball film of all time called “Space Jam.”
As of today, total Nike Jordan brand sales of an estimated 3.1 billion dollars.
Michael Jordan is also a very reputable businessman. He has multiple endorsement deals from highly paid brands such as Wilson basketballs, upper deck, Gatorade, Hanes underwear for men, and McDonald’s.