Michael Jordan is considered one of the greatest basketball players of all time and unquestionably the wealthiest NBA star in history. With an estimated net worth of $3.5 billion according to Bloomberg, Jordan is not only a sports icon but also a highly successful entrepreneur.
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The legend of the Chicago Bulls, with 6 NBA championships over his 15-year career, became the owner of the Charlotte Hornets after retiring. According to ESPN, Jordan’s wealth skyrocketed after selling a majority stake in the Hornets for $3 billion to hedge fund tycoon Gabriel Plotkin and private equity mogul Rick Schnall.
Jordan is renowned not just for his excellence on the basketball court but also for diverse investment ventures and business collaborations. His footwear brand, Jordan Brand, in partnership with Nike, has generated substantial revenue, constituting 11% of Nike’s total sales. The long-term contract between Jordan and Nike, initiated in 1984, brings him $500,000 annually and a 5% royalty on Jordan Brand’s earnings, totaling an impressive $255.5 million in 2022 alone.
In addition, Jordan has invested in the Nascar team, 23XI Racing, and received an undisclosed equity stake from DraftKings. He maintains partnerships with major companies such as Hanes, Gatorade, Chevrolet, McDonald’s, and various other brands.
Jordan’s outstanding career on the basketball court has earned him nearly $94 million, according to the sports contracts tracker Spotrac. Jordan is also known for his impressive real estate portfolio, including a luxurious mansion in Jupiter, Fla., and properties in Chicago, North Carolina, and Utah.
Michael Jordan’s lavish lifestyle is not only reflected in his wealth and business contracts but also in his personal mode of transportation – a private Gulfstream G-IV jet custom adorned with gray and white patterns, paying homage to his iconic Nike Air Jordan footwear.
