“I can accept failure, everyone fails at something. But I can’t accept not trying”. And those are the golden words by His Airness, Michael Jeffrey Jordan. With that kind of attitude towards life, take a wild guess where he stands today? Michael Jordan’s net worth as of Feb 2018 is well-nigh at $1.65 Billion! Throughout his 15-year career as a basketball player, he earned a salary of $90 million.
Undoubtedly, the primary source of his revenue has always been Nike which created a signature shoe for him called the Air Jordon, which brings him home a $3 Billion annually. Well, that definitely is more than his salary.
Jordon was designated as the athlete with highest career earnings in 2017 and also is the third-richest African American behind Oprah Winfrey and Robert F.Smith.
In 2014, he was announced as the first NBA player who went on to become a billionaire after his most significant investment in NBA’s Charlotte Hornets, in which he holds 90% stake, the value of which is $780 million today.
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Michael Jordan, 54, was born and raised in Brooklyn, New York. He began his athletic career at a very young age. He involved himself in basketball, baseball and football when he was in high school.
Disappointed after not being able to make into the school team initially, Jordon trained rigorously after which he dribbled his way to the team, eventually to become one of the best basketball players of all time.
He continued to be a professional player during the period 1984-2003. Jordon is known for doing the best at what he does and was ranked as the 20th-most powerful celebrity in the world with $55 million earned between June 2009 and June 2010, by Forbes.
Jordon joined the Bulls in 1984 and won his first NBA championship and continued to play till 1993 when he abruptly retired Basketball to begin a career in Baseball.
However, he returned to the Bulls during 1995 and retired yet again in 1999, but not before leading the team to another three additional championships. He then returned for two more NBA seasons, as a member of the Wizards.
Out of various accomplishments and accolades that he has earned throughout his career, the noteworthy ones are:
- NBA rookie of the year
- Sports Illustrated Sportsperson of the year
- A record of highest career regular season scoring average (30.12 points per game) and highest career playoff scoring average (33.45 points per game)
- In 1999, ESPN named him the greatest North American athlete of the 20th
Earnings & Expenditure in Michael Jordan’s Net Worth
Property and Business Investments
Jordon has a house property in Florida which cost him $12.8 million and another house in Utah. He even has two houses around Charlotte for which he spent $2.8 million so that he can remain close to the team.
Apart from being the owner of NBA’s Charlotte Hornets, he possesses 7 restaurants in addition to a car dealership and also retains 89% of the Charlotte Bobcats basketball franchise.
Even post his retirement, Jordon earns about $80-100 million from endorsement deals with various companies such as Nike, Hanes, Coco-cola, McDonald’s, Upper Deck, and Chevrolet among the others along with his various business ventures.
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A Costly Divorce
The player has never failed to set a record in any of his endeavours, including his divorce. After being married to his wife Juanita Vanoy for over a decade, the couple filed for a divorce, in which Juanita received a considerable settlement of $168 million, pushing Michael Jordan to the leading position in the Forbes list of ‘top 10 most expensive divorces’.
They say that the settlement included the couple’s $29 million, 7 acres suburban lavish Chicago mansion.
Cars & Automobiles
Jordon’s love for cars is well known, and he owns quite a collection of them. His collection includes Chevrolet C4 Corvette, Ferrari 512 TR, Porsche 911, Toyota Land Cruiser, Aston Martin DB7 Volante, Mercedes-McLaren SLR 722 Edition, Ferrari 599 GTB Fiorano, Gulfstream IV and Range Rover.
He also owns a private jet and a yacht.
Out of many reasons for being famous, Jordon is also widely known for his philanthropic activities. He has supported various foundations including Cats Care, Kids Wish Network, Livestrong, Make-a-wish Foundation, Nevada Cancer Institute for different causes such as Cancer, Education, Health, Hunger and others.
Jordan recently made the largest donation ever by him of $7 million to help fund medical clinics in at-risk areas of Charlotte. He even donated a lump sum $2 million to improve community-police relations and $5 million to the new Smithsonian National Museum of African American History and Culture.
Jordan is probably one of the best basketball players with the highest fan-base. From a successful basketball player to a prosperous businessman, Jordon has remained the best in whatever endeavour he chose. Undoubtedly, Michael Jordan’s net worth was bound to grow the way it has.
Featured image: YouTube