What is Michael Jordan Net Worth? Michael Jordan’s net worth will be around $2.2 Billion in 2022.
Michael Jordan is one of the most well-known in NBA history. He is also famous for his sponsorship of Nike’s Air Jordan sneakers and his role in the film Space Jam.
However, he is growing her wealth very fast.
Michael Jordan Net Worth
|Net Worth||$2.2 Billion|
|Date of birth||February 17, 1963|
|Place of birth||United States of America|
|Source of Wealth||Professional NBA Player/Entrepreneur|
Who is Michael Jordan?
Michael Jordan’s name is one of the most well-known in NBA history. He is also famous for his sponsorship of Nike’s Air Jordan sneakers and his role in the film Space Jam.
ESPN has named Jordan the most outstanding North American athlete of the twentieth century. He is presently a part-owner and the Charlotte Bobcats’ head of basketball operations.
Michael Jordan was born on February 17, 1963, in Brooklyn, New York. When he was a little child, his family relocated to Wilmington, North Carolina.
He was the fourth of five children with two elder brothers, one older sister, and a younger sister.
He failed to make his basketball team as a sophomore in high school because of his height.
That year, he concentrated on other sports, including football and baseball.
He was 6 feet 3 inches tall and joined the team in his junior year.
He averaged nearly 20 points each game in that calendar year. In addition, he was chosen for the McDonald’s All-American Team during his senior year.
Jordan helped the Chicago Bulls reach the NBA playoffs in his debut season. As a result, the Chicago Bulls selected him in the first round of the 1984 NBA Draft.
His 28.2 point per game average during that season earned him the NBA Rookie of the Year Award. In addition, he was the first player in a long time to score more than 3.000 points in a single season during the 1986–1987 campaign.
Jordan assisted the Bulls in winning championship after championship over the next several years. His 1993–1994 season was interrupted by a time playing minor league baseball, but he joined the Chicago Bulls again in 1995.
He came back more vital than ever, scoring 30.4 points on average that season.
After fifteen seasons and six championships with the Chicago Bulls, Jordan announced his retirement in 1998.
He then became a part-owner of the Washington Wizards and played one more season there from 2001 to 2003.
Michale Jordan is still the best basketball player and an NBA icon.
In the 1980s and 1990s, a former NBA star significantly impacted the NBA’s global popularization.
Jordan is regarded as one of the world’s best-marketed athletes, with several lucrative endorsement agreements.
He was in charge of the massive success of Nike’s Jordan line, which included the still-well-known Air Jordan footwear. As a result, Michael Jordan’s net worth was primarily influenced by the Nike royalties, which total 5% of each pair of Air Jordan shoes sold.
NBA icon Michael Jordan has had several lucrative endorsements deals with Coca-Cola, McDonald’s, Chevrolet, Upper Deck, and Hanes.
The basketball player also starred in the popular film “Space-Jam.” In addition, “Michael Jordan to the Max,” an IMAX documentary chronicling Jordan’s time with the Bulls that focused heavily on the 1998 NBA Finals, was released in 2000.
Jordan’s documentary miniseries The Last Dance is one of his more recent hits in the film business (2020).
Jordan joined as a managing member of the Charlotte Bobcats (now known as the Hornets) in 2006 after purchasing the bulk of the team’s stock.
His first objective is to raise the team’s numbers, and he has no plans to leave the basketball world.
Jordan’s post-basketball career outside the court includes ownership of 23XI Racing, a professional auto racing team, and Denny Hamlin.
They chose Bubba Wallace as their driver for their NASCAR squad.
It’s important to note that Jordan has also been a proponent of philanthropy.
He presided over the Michael Jordan Celebrity Invitational, an annual golf outing that generated money for several philanthropic organizations from 2001 to 2014.
Jordan and his wife made a $5 million donation to Hales Franciscan High School in Chicago in 2006.
The Boys & Girls Clubs of America in Louisiana and Habitat for Humanity received significant gifts from The Jordan Brand.
Jordan has also been quite active with The Make-A-Wish Foundation.
In 2008, Jordan was designated the Chief Wish Ambassador. He granted his 200th wish in 2013.
He has so far funded the charity with more than $5 million.
It is simple to see why Michael Jordan is still among the highest-paid athletes and NBA players.
As a result of an increase in his Charlotte Hornets stock holdings, Jordan became the first NBA player to reach the billion-dollar mark in June 2014. In addition, according to Forbes, Nike makes over $1 billion in profit annually thanks to Jordan Brand.
Forbes estimated Michael Jordan’s net worth to be $1.6 billion in 2021. As a result, Michael Jordan, a Hall of Famer, is one of the wealthiest African Americans in the US.
He’s also one of the most adored people. His popularity has grown due to the Jordan Brand’s dominance in the market, viral Internet memes, and a still-iconical basketball career that earned him a spot in the NBA Hall of Fame.
How did Michael Jordan make his money?
Although Michael Jordan had a sizable salary during his playing career, the truth is that the bulk of his present fortune comes from sponsorships. Jordan has made $1.7 billion (pre-tax) via endorsement deals with companies including Nike, Coca-Cola, McDonald’s, Wheaties, and Chevrolet over four decades.
Jordan still has formal relationships with Nike, Hanes, Gatorade, and Upper Deck. Regarding Nike, Jordan is the company’s most significant revenue generator.
To put things into perspective, remember that his first five-year Nike contract, signed in 1984, was paid $500,000 per year (or $1.2 million in today’s currencies), plus royalties. He earned $130 million last year.
What does it mean in terms of current NBA stars? That is four times as much as LeBron James’ current contract, which ranks second in the NBA.
Michael Jordan, at the time, purchased the Charlotte Hornets.
Jordan first stepped into the world of owning back in 2010. Then, the Charlotte Hornets, one of the NBA’s newest clubs, were a mid-table team valued at $175 million.
Jordan ultimately increased his interest to 90% after purchasing a stake. Jordan finally decided to sell 20% of the club in September 2020 to profit from his investment.
When he sold the proportion to a hedge firm in New York, the decision netted him almost $1.5 billion.
Michael Jordan Net Worth
Jordan has made further investments.
Michael Jordan’s time on the floor is often the main topic of discussion. However, failing to mention Jordan’s prowess in the business realm would be dishonest to a point.
Jordan has participated in the investment rounds for Sportradar, a Swiss company that provides sports data. Muzik is a company that makes headphones. Gigster, a San Francisco-based marketplace for independent digital talent, and aXiomatic.
Jordan became an investor in aXiomatic, the parent business of the esports team Team Liquid, in 2018, joining NBA Hall of Famer Magic Johnson as an investor. It is now worth $320 million.
Jordan also collaborated with a few other NBA players to launch Cincoro, a super-premium tequila brand, last year. As if that weren’t enough. One bottle of Extra Anejo in their inventory is valued at $1,600.
Charity Work by Michael Jordan
Michael Jordan is very wealthy, if that wasn’t obvious before. But it’s also evident that he has no trouble contributing to the good cause.
Jordan now contributes significantly to several humanitarian organizations. Take “The final dance” as an example.
A new Netflix documentary chronicles the Chicago Bulls’ last championship run with Jordan. In addition, the Friends of the Children charity will get a portion of all project earnings to fund the organization’s national growth.
Jordan has joined other NBA owners in pledging to compensate arena staff for games lost due to the outbreak. The NBA icon also helped with recovery operations in the Carolinas and wrote many multi-million dollar cheques to fund hurricane relief efforts in the Bahamas.
Michael Jordan has several sources of income.
Having several sources of income is if there is anything, preferable to having one substantial one. So aside from his significant interests in the Hornets and the Jordan Brand, MJ has also joined the group of investors who paid $1.2 billion in 2017 to acquire MLB’s Miami Marlins.
The club’s CEO is former Yankee Derek Jeter, a personal friend of Jordan’s who has a 4 percent ownership stake, while Jordan holds a 1 percent stake. Jordan also owns a vehicle business; therefore, no portfolio would be complete without a dining establishment. Jordan currently has five of them.
Michael Jordan Girlfriend
After divorcing his first wife, Juanita, Michael Jordan met the Cuban-American model Yvette Prieto, with whom he later became engaged. In 2009, Michael and Yvette cohabited, and two years later, they were engaged.
Tiger Woods, Usher, and Robin Thicke were among the famous people that attended Yvette and Michael’s wedding in 2013, which is said to have cost over £8 million.
Yvette and Michael had identical twin girls, Ysabel and Victoria, a year later. The pair is still going strong despite choosing to live as discreetly as possible.
What is Michael Jordan Net Worth in 2022?
As of July 2022, Michael Jordan’s net worth is $2.2 Billion.
Michael Jordan Phone Number
Unfortunately, he did not share his phone number with the public. However, he is very active on social media platforms. So you can contact him through social media and become his friend.