If you search, “Who is the highest-paid athlete of all time?” the AI inside your favorite browser will take a few seconds to show the name — Michael Jordan.
This article begins with the billionaire story of Michael Jordan. Have you searched, “Is Michael Jordan a Billionaire?” — Well, tune in with this article…
First of all, the answer to the question is, YES, Michael Jordan is a billionaire. As of this writing, Michael Jordan’s earnings are estimated to be $2.62 billion. Credit goes to his fifteen years of NBA career and million-dollar endorsement deals. Jordan has promoted the names of Nike, Gatorade, Hanes, Upper deck so far.
What year did Michael Jordan become a billionaire?
Remember the year, 2014, when Michael Jordan became a billionaire. What’s more, he became the first player to be a billionaire in NBA history.
In 2014, Michael Jordan’s estimated net worth was $1 billion. Besides, he became the 5th richest African-American following Kanye West, Oprah Winfrey, David Steward, and Robert F. Smith.
Michael Jordan Net Worth: Over the years
A comparative data table is provided below featuring Michael Jordan’s net worth from 2009 to 2021:
| Years | Net Worth |
| 2009 | $500 million |
| 2013 | $650 million |
| 2014 | $1 billion |
| 2016 | $1.1 billion |
| 2017 | $1.2 billion |
| 2018 | $1.5 billion |
| 2019 | $2.1 billion |
| 2020 | $1.6 billion |
| 2021 | $2.62 billion |
Michael Jordan’s net worth in recent years has gone through ups and downs. You must have queried addressing this issue. Continue with this article…
Related Read: Can You Visit Michael Jordan Statue
Why was Michael Jordan’s net worth dropped?
Bringing the Covid-19 issue, Forbes revealed that Michael Jordan’s net worth has fallen 24%. That means, in 2020, Michael Jordan’s net worth fell from $2.1 billion to $1.6 billion.
In the Covid-19 situation, the world’s economy has passed through many crises. Michael Jordan is no longer with the NBA. He has to rely on his business and endorsement ventures.
Thus, Jordan faced a critical moment in the Pandemic as the world’s economy has shown.
What was the key move for Michael Jordan to be a billionaire?
The financial analyst thinks that Michael Jordan took a foresight decision to buy the Charlotte Hornets in 2010. He bought this NBA team for $175 million.
When the NBA franchise’s value rose, Michael Jordan officially became a billionaire. In 2019, Jordan sold a minority stake in the club which was valued at $1.5 billion! Michael Jordan owns 97% of the equity in the club.
How much did Michael Jordan make from the NBA?
Playing 15 NBA seasons, Michael Jordan grossed around $93 million. Including all of his endorsements, the grossing amount would be $1.85 billion!
Michael Jordan started with a base salary of $2.5 million. He played for the Chicago Bulls in the 1990-91 NBA seasons for that salary amount. Later, he took millions of dollars from the Chicago Bulls. Jordan made $33.1 million in his final season with the Chicago Bulls.
After the Chicago Bulls, Michael Jordan played two NBA seasons for the Washington Wizards. Playing two NBA seasons for the Wizards, Jordan took more than $2 million.
A table is provided below featuring Michael Jordan’s NBA salary from Chicago Bulls and Washington Wizards:
| NBA Seasons | Salary |
| 1990-91 (Chicago Bulls) | $2.5 million |
| 1991-92 (Chicago Bulls) | $3.25 million |
| 1992-93 (Chicago Bulls) | $4 million |
| 1993-94 (Chicago Bulls) | $4 million |
| 1994-95 (Chicago Bulls) | $3.85 million |
| 1995-96 (Chicago Bulls) | $3.85 million |
| 1996-97 (Chicago Bulls) | $30.14 million |
| 1997-98 (Chicago Bulls) | $33.14 million |
| 2001-02 (Washington Wizards) | $1 million |
| 2002-03 (Washington Wizards) | $1.03 million |
How much did Michael Jordan make from endorsements?
Michael Jordan has earned $1.7 billion from endorsement deals in over four decades. Since 2015, Jordan has reported making $100 million per year from Nike.
Jordan has signed endorsement deals with:
- Nike
- Coca-Cola
- Wheaties
- McDonald’s
- Chevrolet
- Hanes
- Upper Deck
- Gatorade
In 1984, Michael Jordan first signed an endorsement deal with Nike. Initially, he received $500k annually from Nike which is worth $1.2 million today!
How much did Michael Jordan make from investments?
In 2018, Michael Jordan invested in the parent company of esports — aXiomatic. Recently the Company has valued at $320 million.
Apart from aXiomatic, Jordan has invested in brands like —
- Sportradar
- Muzik
- Gigster
From these investments, Michael Jordan has grossed so far so well.
Recently, Michael Jordan launched a super-premium tequila brand — Cincoro. In the market, a bottle of the brand retails for $1600.
Sources
- https://www.forbes.com/profile/michael-jordan/?sh=20fdc9802d83 — Forbes Report.
- https://hoopshype.com/player/michael-jordan/salary/ — Michael Jordan NBA salary.