The ultimate goat. He is widely regarded as the greatest basketball player of all time, has several flourishing business ventures and still has time to become a great philanthropist. It’s no wonder that Michael Jordan’s net worth is one of the greatest in sports history.
Michael Jordan started playing in high school in Wilmington, North Carolina and went to the University of North Carolina for college. He left college to be selected in the 1984 draft. The Chicago Bulls eventually picked up young MJ and he was set to become a star player. He signed a seven-year, $6 million deal, averaging around $850,000 per season. His salary grew more and more, and after his fifth season, Michael and Chicago agreed to an eight-year, $25 million contract extension. However, his net worth might surprise you.
For everything we know about Michael Jordan’s career and earnings — from his work as a philanthropist to his iconic Air Jordans — just keep reading.
What is Michael Jordan’s net worth?,
Image: Jeff Haynes / AFP via Getty Images
According to Forbes, Jordan is reportedly worth $2 billion as of April 2023. This makes him the richest former professional athlete in the world.
Along with brand deals, Michael Jordan also owes the bulk of his net worth to the Charlotte Hornets, as the team is now valued at $1.7 billion, making him a billionaire in 2014. He also worked with Driver Denny. Hamlin to become co-owner of NASCAR Cup Series team. He owns a chain of restaurants in Jupiter, Florida and Chicago, Illinois. He also has a liquor hand in his own tequila brand and owns a Nissan car dealership in North Carolina.
How much did he earn from his basketball career?
According to Basketball Reference, Michael Jordan earned $93.2 million during his NBA run as a player for the Bulls and Wizards. Of that salary, $63 million came from his final two seasons with the Bulls, during five MVP awards and six championships. After adjusting each year for inflation, he earned $161 million in salary.
How much is Michael Jordan making from his Nike deal?
Image: Kelly Kline / WireImage
How much is Michael Jordan making from his Nike deal? Michael receives only 5% from the brand. In 2020, it was reported via Hypebeast that Jordan’s contract earned him $1.3 billion from Nike, the most any athlete has earned from Nike.
Before Michael Jordan signed the deal with Nike, he wanted to sign with Adidas but Nike was more attractive. According to The New York Times, “the final Nike settlement pays Jordan roughly $2.5 million over five years, plus a royalty on merchandise sold and” a long-term security package. It also includes niceties such as a scholarship fund in Jordan’s name and 12-day annual, expenses-paid work leave to promote Nike around the world. A key part of the deal required Nike to spend at least one million dollars promoting Total’s products—all to ensure that the “Michael Jordan” name was widely publicized.
In 1997, Nike created the Jordan Brand. Revenue reaches sales of over $5 billion in 2022, of which Michael Jordan earns $150 million.
In 2021, Sotheby’s auction house sold the oldest known Jordan/Nike shoe for $1.47m. In April 2023, on a pair of Air Jordan XIII “The Last Dance” trainers worn by Jordan during the 1998 NBA Finals. He has an estimate of $2m to $4m, making him likely to be the most expensive auctioneer ever.
how much is michael jordan earning the last Dance?
How much did Michael Jordan make from The Last Dance? Technically, nothing. While the show’s earnings are estimated to top $4 million, Jordan reportedly plans to donate all of his earnings to charity. the last Dance to charity.
Loyal basketball fans and NBA novices are already hooked to Netflix and ESPN the last Dance, a documentary series about the legendary career of Michael Jordan. The 10-part documentary series features exclusive interviews with more than 100 people close to Jordan, now 57, to uncover the reality behind his last championship season from 1997 to 1998. The result is a never-before-seen photo of Michael Jordan, the legend, businessman and friend.
In an unexpected twist for many fans, even the late basketball legend Kobe Bryant made an appearance in an episode to pay tribute to his idol. Given his tragic death in January 2020, the interview served up a particularly emotional moment for viewers. “I didn’t realize they were having an affair until we interviewed Kobe in July, a few weeks after his daughter was born. [Capri], And he told me that he’s taken Michael’s advice from when he was a youngster in the league,” said the documentary’s director, Jason Hehir. Score,
Hehir said, “And then for Michael to speak at Kobe’s memorial service and call him his little brother from his point of view, it was very touching.”
Which charity does Michael Jordan donate to?
Which charity does Michael Jordan donate to? Michael Jordan donates a lot of his wealth to charity. In February 2023, the basketball player donated $10 million to the Make A Wish Foundation—the largest contribution in the foundation’s history. In a statement, Jordan said his donation to a foundation dedicated to granting “wishes” to children with life-threatening illnesses was to honor his 60th birthday.
In the wake of the George Floyd protests in June 2020, the basketball player pledged to donate $100 million over 10 years to organizations fighting for ‘racial quality, social justice and greater access to education’.
In 2018, he donated $2 million to the Foundation for the American Red Cross and $1 million to the Hurricane Florence Response Fund of the Carolinas for relief efforts in the wake of Hurricane Florence, providing care packages and visiting those affected in Wilmington, By storm in his hometown of NC.
Courtesy of Atria
In inspired from within, Michael makes it clear that the foundation for his phenomenal success came from the inside out, thanks in part to the people who guided him along the way. His skill, work ethic, philosophy, personal style, competitiveness and presence have carried over from the basketball court into every aspect of his life.
Nearly three years away from his final innings as an athlete, Michael’s twentieth Air Jordan shoe has helped Nike’s Brand Jordan division drive nearly $500 million in sales.
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