Michael Jordan Net Worth, Money and More

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NET WORTH : $650 MILLION

Introduction:

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Michael Jordan as we know him is considered as the best player ever to have played the game of basketball, known for his remarkable skills , finesse and magical control over the ball he is the god of basketball and a legend highly worshiped in the NBA. His illustrious career that ended in 2003 and his stats speaks volumes for him with six NBA championships, NBA Rookie of the year award in his first season, five time MVP, three time NBA All star MVP and a staggering 14 time NBA all star games to his name he his is undoubtedly the greatest NBA player of all time.

Early Life:

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Born in 1963 as Michael Jeffery Jordan in Brooklyn, New York he started playing basketball at the age of 6 and by the time he was in high school he was a hero and a star playing for his junior varsity team. He also played for McDonald’s All-American Team and NCAA All-American Team before joining Chicago Bulls of the NBA. Michael Jordan was also a part of the “Dream Team” that played in the Olympics.

Earnings history in NBA:

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Once Michael Jordan joined the Chicago bulls in 1984 there was no looking back for him he along with his game just grew better with each passing day and he won many laurels for his team and himself, but what is worth noting is his steep increase in salary each season, his total earning as a player in NBA is $ 93.7 million which is as follows:

  • 84-85 Chicago Bulls $550,000
  • 85-86 Chicago Bulls $630,000
  • 86-87 Chicago Bulls $737,500
  • 87-88 Chicago Bulls $845,000
  • 88-89 Chicago Bulls $2 million
  • 89-90 Chicago Bulls $2.25 million
  • 90-91 Chicago Bulls $2.5 million
  • 91-92 Chicago Bulls $3.25 million
  • 92-93 Chicago Bulls $4 million
  • 93-94 Chicago Bulls $4 million
  • 94-95 Chicago Bulls $3.85 million
  • 95-96 Chicago Bulls $3.85 million
  • 96-97 Chicago Bulls $30.14 million
  • 97-98 Chicago Bulls $33.14 million
  • 01-02 Washington Wizards $1 million
  • 02-03 Washington Wizards $1.03 million

           Career Total: $93.7 million

Post NBA – Brand JORDAN still sells

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Ok so the billion dollar question about the million dollar man how does the man who retired from professional basketball a decade back fill his money bags? And how actually does he still figure in the list of top earning athletes where people like Tiger Woods, Lionel Messi, Cristiano  Ronaldo, MS Dhoni and Roger Federer rules the roost. So the answer is that this basketball maverick earns $ 80 million through endorsements alone and now most of his fortune derives from these signings. Michael Jordan is the endorsements king with the deals of Gatorade, Wheaties, McDonald’s, Coca-Cola, Chevrolet, Ball Park Franks, MCI, Wilson Sporting Equipment, CBS Sportsline, NBA Entertainment, Warner Brothers, Rayovac, Upper deck, 2k sports and Hanes to his name. Michael Jordan perhaps made his best financial decision when he signed the lucrative deal with Nike to endorse it and that led to the formation of the most popular athletic shoes in the history AIR JORDAN which controls over 58% of basketball shoe market now and produces over $ 2.5 billion through its annual sales, thanks to his Nike-Jordan brand royalty he earns $ 60 million of his $ 80 million only through Nike. As this is not enough he also owns an 80% stake in a NBA team Charlotte Bobcats.

Michael Jordan assets

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Apart from the endorsement deals and the NBA team that he owns Michael Jordan is also a proud owner of many assets that includes a customized $ 50 million Gulfstream IV private jet that lifts him all around the world and he also boasts of a car dealership deal in North Carolina, a motorsport team, six restaurants, 40 golf sets for his hobby golf with high scale golf computer equipment. Michal Jordan is a watch freak and his collection includes the famous two-tone Rolex Date just costing $ 2950 and the Chronograph wristwatch Toywatch that he usually wears. Michael Jordan also owns many properties around the world the prominent ones being the $ 20 million Bears club at the Palm Beaches, the Miami estate, the lavish Charlotte penthouse, the $ 3.5 million North Carolina home and the $ 21 million Highland Park in Chicago.

Personal life- One of the most expensive Divorces

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Jordan was married to Juanita Vanoy in September 1989 whom he met on a blind date in 1984 but the marriage didn’t last as they thought it would and on 4th January, 2002 they both filed a divorce citing differences but later came to terms but years later again in 2006 on 29th December they filed a divorce and claimed the decision was mutual.   So according to the pre-nuptial agreement that Jordan signed he was forced to pay $168 million to his ex-wife and she also got their seven acre estate in Chicago and the custody of their 3 children Jasmine Mickael, Jeffrey Michael and Marcus James. This divorce between the two is constantly rated as being one of the highest settlements in the history.

Quotes

I’ve missed more than 9000 shots in my career. I’ve lost almost 300 games. 26 times, I’ve been trusted to take the game winning shot and missed. I’ve failed over and over and over again in my life. And that is why I succeed.

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