Is Michael Jordan a Billionaire?
Yes, Michael Jordan is a billionaire. In 2015, Forbes declared that Michael Jordan became the first athlete to achieve the status. At the time, they reported that more than $700 million of MJ’s $1.1 billion net worth was driven by his majority ownership stake in the Charlotte Hornets.
The magazine also reported that he was the 1741th richest person in the world and 513th in the USA in 2015. In 2023, Forbes listed Michael Jordan as the first athlete to hit the $3 billion mark and also acknowledged him as a part of the Forbes 400 club. He is currently rated as the 361st richest American on the list.
How much did Michael Jordan sell the Hornets for?
In 2023, before the 2023-24 season, Michael Jordan sold his majority stakes in Charlotte Hornets for $3 billion, enabling him to accumulate a profit of $2.25 billion. In 2010, MJ bought the majority stakes for $275 million, and under his watch, Hornets’ valuation increased by $1.3 billion. Selling his majority stakes enabled him to enter the Forbes 400 list and his net worth is expected to soar further past $4 billion sooner than later.
How much did Michael Jordan earn from Nike last year?
As per Forbes, in 2023, Michael Jordan earned $330 million in profits through the Jordan brand, which is associated with Nike. Ever since signing a deal with Nike in 1984 as an NBA rookie, Jordan’s billionaire status has been a result of his collaboration with Nike. Air Jordans remain the most popular basketball shoe brand.
How much did Michael Jordan earn from the NBA?
Compared to his business ventures, as an NBA hooper, Michael Jordan made merely $94 million. During his 16-season-long NBA career, he was only the highest-paid player in the league twice. During the 1996-97, he became the first NBA athlete to earn more than $30 million.
He did sign a record-breaking one-year, $33,140,000 contract with the Chicago Bulls for the 1997-98 season, a valuation that wasn’t reached till the 2017-18 season when Stephen Curry’s annual salary exceeded the amount. Apart from that, MJ’s NBA earnings never exceeded $4,000,000.
Season Total Earnings
1984-85 $555,000
1985-86 $630,000
1986-87 $737,500
1987-88 $845,000
1988-89 $2,050,000
1989-90 $2,300,000
1990-91 $2,500,000
1991-92 $3,250,000
1992-93 $4,000,000
1993-94 $4,000,000
1994-95 $3,850,000
1995-96 $3,850,000
1996-97 $30,140,000
1997-98 $33,140,000
2001-02 $1,000,000
2002-03 $1,030,000
How much has Michael Jordan earned from Nike since 1984?
Michael Jordan has probably earned over $1.5 billion through Nike, as of 2023. Jordan’s initial deal with Nike in 1984 earned him $500,000 per year. Since his Air Jordan brand became the hottest shoe commodity in the market, the business maestro has turned up unprecedented profits. In 2022, the Jordan brand generated a revenue of $5.2 billion, making it the most successful Nike brand.
