Michael Jordan Net Worth
Michael Jordan & His Lucrative Career
Michael Jordan is known among sports fans around the world as one of the best basketball players in history. His professional basketball career has long since ended, but his successes remain. Today Michael Jordan’s assets are around 1 billion euros.
He started his career at the University of North Carolina at Chapel Hill in 1982. It didn’t take long for his talent to attract nationwide attention and he received an invitation from the Nation Basketball Association. In 1984 Michael Jordan started playing for the Jordan Chicago Bulls, one of the largest teams in the NBA.
He played a large part in the Chicago Bulls’ success with the six NBA Championship titles won. For his amazing bounce, Jordan earned the nicknames “His Airness” and “Air Jordan”. He is often referred to as one of the best defensive players in basketball, holds the record for the highest-scoring average, and was inducted into the Hall of Fame in 2009. With such talent, the Michael Jordan fortune at this level is not surprising.
Michael Jordan’s path to becoming the highest-paid athlete
He started playing in the NBA with a starting salary of € 400,000. His wages remained at the “modest” limit of € 700,000 for the next three years. In the 88-89 season, his salary already reached 1.5 million euros and rose 95-96 to 2.8 million euros. During this time, Michael Jordan stayed for less than a year to pursue his baseball career. It didn’t take long for him to realize where his real talent was. Jordan already earned more than € 20 million in 96-97 and became the highest-paid sports star at the time.
The following year, he achieved his record with a salary of 24 million euros in a single season. After that, Jordan withdrew from basketball for another three years. Before his final retirement in 2003, Jordan played two years for the Washington Wizards, where his salary never exceeded € 700,000.
It is estimated that Michael Jordan earned around 70 million euros throughout his basketball career, which is only a small part of his fortune.
Michael Jordan Net Worth
|Net Worth:||$1.9 Billion|
|Born:||February 17, 1963|
|Country of Origin:||United States of America|
|Source of Wealth:||Professional NBA Player/Entrepreneur|
Wealth through countless advertising contracts
Now you wonder where the rest of your wealth comes from. Well, for a large part, it was just his fame that gave him his career in basketball. From the beginning of this career to the present day, Michael Jordan has promoted many world-renowned brands such as Gatorade, Rayovac, Hanes, Ball Park Franks, MCI, McDonald’s, Coca-Cola, Chevrolet, and Nike.
Nike Air shoe sales still bring Nike more than $ 1 billion annually. Nike earned € 2.4 billion with the Air Jordan in 2014, of which Michael Jordan still gets € 95 million. That’s more than Michael Jordan has earned in his entire basketball career, which is said to have been € 88.2 million.
A total of € 4.3 billion is predicted for 2020, so Michael’s profit should double to around € 190 million per year, of course.
He is also a part-owner of Charlotte Hornets – a professional basketball team in North Carolina for which he paid approximately € 161 million.
Although it is more than ten years since Jordan won his last championship, he still earns around 100 million euros a year through various contracts.
Michael Jordan is officially number 1756 on the Forbes list of the world’s richest people, with a net worth of $ 1 billion.
5 interesting facts about Michael Jordan:
- He has refused a € 76 million contract to support headphones because he does not use headphones himself
- Nike paid Jordan € 456 million between 2002 and 2012
- his first contract with Nike brought him $ 500,000 a year over five years and was the highest-paid advertising contract with a shoe company at the time
- Michael paid his ex-wife about € 161 million for the divorce
- In 2020 he will double his fortune and own around 2 billion
Michael Jordan Salary History
- 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: $93.7 million
Michael Jordan owns a $50 million customized Gulfstream IV private jet that shuttles him to and from houses all over the world.
Michael Jordan Net Worth: We first added Michael Jordan to Celebrity Net Worth in September 2009 with a net worth of $500 million.
- 2009: $500 million
- 2013: $650 million
- 2014: $1 billion
- 2016: $1.1 billion
- 2017: $1.2 billion
- 2018: $1.5 billion
- 2019: $1.9 billion
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