Michael Jordan Net Worth Has the Biggest of Any Athlete Ever
According to Forbes estimation, Athlete Michael Jordan net worth is $2.1 billion. Jordan making him the first-ever billion-dollar athlete. He’s actually made more post-career than he ever did while playing within the NBA. We believe it or not: He made $90 million during his basketball career. Jordan makes $63 million of that came in those final two seasons with the Bulls. As per Business Insider but he earned another $1.7 billion, before taxes, off the court from corporate partners.
it’s no secret: Michael Jordan is widely considered one among the best athletes who ever lived. During his iconic career, Jordan won six titles with the Chicago Bulls, and one among those winning seasons is that the subject of ESPN documentary The Last Dance. A ten-part docuseries that hits Netflix on July 19, the documentary covers the Bulls’ historic 1997-8 season. Maybe an ” it is a show that lays bare why Jordan is a living legend, and fans wonder—what is Jordan worth, exactly?
The all-star player currently lives together with his wife Yvette Prieto and their twin daughters, Victoria and Ysabel, in West Palm Beach, Florida, and let’s just say they’re super—and I mean super—comfortable.
Michael Jordan’s documentary series: “The Last Dance”
Michael Jordan’s documentary series, “The Last Dance,” airs two months early ESPN on Sunday, April 19.
Jordan is widely considered one among the best popular culture figures and basketball players in history.
He’s built a lucrative career, with an estimated net worth of $2.1 billion.
Michael Jordan’s 10-part documentary series, “The Last Dance,” premieres Sunday, April 19 on ESPN.
The series released two months early due to the NBA season’s indefinite pause will feature never-before-seen footage of Jordan’s last season (1997-98) with the Chicago Bulls.
Jordan is one among the foremost celebrated figures in popular culture and almost universally considered the best basketeer of all time, wrote Business Insider’s, Danny Bakst. Since he retired in 2003, he has built the foremost successful and lucrative career Business Insider has ever seen from a former athlete.
While he made but $100 million during his career because the NBA’s greatest player of all time, he’s been a billionaire since 2014. Currently, his net worth is estimated at $2.1 billion.
He’s living a lavish retirement, spending his days in sprawling houses, riding custom planes, and golfing on his own golf links.
But the maximum amount as Jordan is spending, his wealth also keeps growing.
Here are nine mind-blowing facts that show just how rich Jordan
1. With $1.85 billion in career earnings, Michael Jordan is the highest-paid athlete of all time.
Jordan still makes extra money than LeBron James, Stephen Curry, Kevin Durant, or the other active player.
2. Jordan bought the Charlotte Hornets in 2010 for $175 million, a move that made him a billionaire.
The Hornets have since skyrocketed in value, and Jordan officially became a billionaire in 2014 when the NBA franchise’s value rose.
He owns 97% of the equity within the club. Jordan did sell a minority stake within the club in 2019 that valued the team at $1.5 billion, but he reportedly has no interest in abandoning control of the team.
3. As of 2015, Jordan was reportedly making $100 million a year from Nike royalties alone.
Jordan also has sponsorship deals with Hanes, Gatorade, and deck 16 years post-retirement, consistent with Forbes.
4. Jordan’s $2.1 billion net worth is bigger than the GDP of Belize.
The country Belize’s GDP is $2.07 billion.
5. He’s so rich that a mean American spending $1 is analogous to Jordan spending $21,582.
The median net worth of a mean US household is $97,300. Dividing Jordan’s net worth of $2.1 billion by $97,300 involves about $21,582.
6. At that rate, buying the standard house within the US would cost Jordan just over $13.
The median home value within the US is $282,000. Dividing that by $21,582 involves about $13.
7. In 2019, Jordan earned roughly $34,246 an hour, consistent with Business Insider calculations.
Business Insider found the difference between Jordan’s 2019 and 2020 net worths, $1.8 billion and $2.1 billion, respectively (as provided by the Forbes’ 2018 and 2019 richest people within the world lists, published every March) to work out his annual earnings. Jordan’s annual earnings came to roughly $300 million.
We then divided this estimated annual earnings figure by $8,760, the amount number of hours during a year, to calculate what proportion he earned an hour.
8. In but an hour-and-a-half, Jordan makes what it takes the full-time median US worker a year to earn — $48,328.
That’s supported data from the Bureau of Labor Statistics. In one and a half hours exactly, Jordan makes $51,369, consistent with Business Insider’s calculations.
9. It took Jordan two days and 16 hours to earn what the typical American man with a baccalaureate will earn in his lifetime — $2.2 million, consistent with the Social Security Administration.
That means Jordan earned the typical college-educated American man’s lifetime earnings in but every week.
The average American woman with a baccalaureate will earn $1.3 million in her lifetime, consistent with the SSA.
Michael Jordan: Salary, Earning, NBA career, Income
During his NBA career, Michael earned a complete of $93.7 million in salary. He was the primary athlete in history to earn over $30 million per annum in salary. He accomplished that feat during the 1996-1997 season when he earned $30.14 million in base salary. The subsequent season he earned $33.14 million which is that the same as earning $53.4 million today after adjusting for inflation.
Even though he has not played basketball professionally in nearly 20 years, today Michael earns $100 million per annum from endorsements and various other business ventures. Please note that this is often more during a single year than he earned from his salary in 16 NBA seasons. Michael earns a minimum of $60 million per annum from Nike/Jordan brand royalties.
Michael achieved billionaire status because of his ownership stake within the Charlotte Hornets NBA team. We’ll outline this investment in greater detail later during this article.
Jordan led the Chicago Bulls to six NBA championship titles. He’s a five-time league MVP. He holds the record for the very best career scoring average of all time. Michael was popular in the Hall of Fame on September 11th, 2009.
Famous Basketball player Jordan made less than $100 million while a player in the NBA. But has been a member of the three-comma club since 2014. Now Forbes estimates Michael Jordan net worth to be $2.1 billion as of 2020.