What is Michael Jorden Net Worth?
Michael Jordan net worth is $1.7 billion as of 2022. When the Charlotte Hornets, Jordan’s NBA club, were valued at $1.4 billion in 2014, he became the first athlete to reach the billion-dollar mark.
OLY Michael Jeffrey Jordan was a former professional basketball player from the United States who was born on February 17, 1963 and is also known by his initials MJ.Jordan is widely Famous as the greatest basketball player of all time, according to his biography on the NBA website.
Because he continues to own a controlling stake in the Charlotte Hornets and receives royalties from Nike’s Jordan Brand, he has constantly appeared on the Forbes list of billionaires since then.
Quick Info.
- Name – Michael Jeffrey Jordan
- Date of Birth –17 February 1963
- Profession –Retired Professional Basketball Player, Endorser, Entrepreneur
- Source of Income – Business & Endorsement
Michael Jordan, often known as His Airness or Air Jordan, captured the hearts of millions with his renowned dunk shot. The basketball great had a talent for the sport even as a student.
He entered the NBA Championships at the age of 21 after winning numerous accolades for his basketball skills in college. This gifted NBA player gave it his all while playing for the Chicago Bulls, despite not being selected by the league’s top team.
He proved to be a match-changer, using his talent to alter the course of the game for his team. The Chicago Bulls turned around their poor record, started winning the majority of their games, and eventually won six straight titles.
Michael Jorden Net Worth, Income & Property
- Michael Jorden’s Total net worth–is $1.7 Billion
- Monthly Income – Not Available
- Yearly Income – $80-100 Million
- Salary – Not Available
Car Collection
- Various C4 Corvettes
- Porsche 930 Turbo Cabriolet “Flat Nose”
- Ferrari 550 Maranello
- Porsche 911 Turbo S
- Mercedes McLaren SLR 722 Edition
- Bugatti Veyron Sang Noir
House & Address
- Lavish Mansion in Jupiter, Florida
- Dream Home Worth $7.6 Million
- Lake Home in Charlotte
- Property in Salt Lake City, Utah
- Large Mansion in Highland Park, Chicago
Private Jets
Michael Jordan travels between his homes across the world in a $50 million custom Gulfstream IV private jet. The jet has Michael’s well-known “Jumpman” insignia on the tail. Here is a clip of a plane taking off from a Canadian airport.
Early Life
Michael Jeffery Jordan, one of James Jeffery Jorden and Deloris Jordan’s five children, was born on February 17, 1963, in Brooklyn, New York.
When Michael was a very small boy, the family relocated to Wilmington, North Carolina. His mother worked at a bank, and his father was a factory superintendent for General Electric.
His father instilled in him the values of hard work and avoiding temptations from the streets. He learned how to sew, clean, and wash laundry from his mother.
Jordan enjoyed athletics, but as a sophomore, he was unable to join his high school’s basketball team.
The next year, he joined the team after continuing to train. He earned a basketball scholarship to play at the University of North Carolina after high school, where he was coached by Dean Smith.
Jordan won the 1982 Atlantic Coast Conference (ACC) Rookie of the Year award during his first year at North Carolina. Jordan’s crucial jump shot helped the squad win the ACC title and the National Collegiate Athletic Association final over Georgetown University (NCAA).
Both as a sophomore and a junior, Jordan was the ACC’s top scorer. Jordan won the college player of the year award from The Sporting News both years.
After completing his junior year, he departed North Carolina, and the 1984 NBA draft saw the Chicago Bulls select him with the third overall pick.
Before signing with the Bulls, Jordan competed for the United States on the gold-medal-winning basketball team at the 1984 Summer Olympics in Los Angeles, California.
Career
Career in College
The University of North Carolina, Syracuse, UVA, Duke, and other universities were all interested in hiring Michael, who was now 6 feet 6 in height. He finally chose to enroll at UNC.
At UNC, where he also received the ACC Freshman of the Year award, he averaged 13.5 points per game and guided the team to the 1982 NCAA Championship game against the Georgetown Hoyas.
With 15 seconds left, Michael scored the game-winning shot against Georgetown Center Patrick Ewing. This would end up being the decisive shot. Later, Michael would acknowledge that this game and that specific jump shot was a pivotal moment in both his basketball career and sense of self.
NBA Career
Michael won multiple trophies during his three seasons with the UNC Tar Heels, including the Naismith and Wooden College Player of the Year honors in 1984.
Michael left UNC one year early to enter the 1984 draft. It’s noteworthy that Michael returned to UNC in 1986 and completed his education there, getting a bachelor’s degree in geography.
Incredibly, he wasn’t chosen first. He was chosen THIRD overall, behind Hakeem Olajuwon and Sam Bowie (both ranked #2). The Chicago Bulls selected Michael with the third overall choice.
Michael and the Bulls reached an agreement on a rookie contract on September 12, 1984. The contract had a duration of seven years, a value of $6 million, and average compensation of $850,000.
Before Michael joined the Bulls, the team had only barely sold out six games the whole season. During Michael’s first season, attendance increased twofold.
After his sixth season, Michael and Chicago reached an agreement on an eight-year, $25 million contract. It was the biggest transaction in NBA history up to that date.
As a result, Michael’s annual income rose to roughly $5 million. When this arrangement came to an end in 1996, Michael consented to a $30 million, one-year contract.
The next year, he signed a $33.14 million, one-year contract. The latter is comparable to around $55 million in today’s money after accounting for inflation.
Michael departed the NBA and then returned twice. He once took a hiatus from professional baseball. Michael made a second NBA appearance and played with the Washington Wizards for two seasons.
Michael earned a total of $93.7 million during his NBA career, as was previously mentioned. Jordan received a $161 million salary, which was yearly adjusted for inflation. The following table shows Michael’s salary in the NBA over the years:
Nike Agreement and yearly Royalties
The biggest celebrity shoe endorsement agreement in history before Michael Jordan was James Worthy’s $150,000 yearly contract with New Balance.
Jordan set all sponsorship records in 1984 when Nike agreed to pay him $500,000 year for five years. Jordan’s total compensation for the five years was $7 million, including stock options from Nike.
Michael had never owned a pair of Nike footwear before accepting the contract; instead, he had anticipated joining the Adidas team. Adidas was unable to match Nike’s offer since it was too high to accept.
Michael first unveiled the shoes in violation of the NBA’s conformity regulations. To raise brand exposure, Nike took advantage of the controversy and paid all fines assessed by the league.
More than a million pairs of the Air Jordan shoe had been purchased by the time it was first made available in stores in March 1985. In the first year, sales of the Air Jordan made Nike $100 million.
Currently, sales of basketball shoes are accounted for by the Air Jordan brand, which gives Nike annual revenues of about $2.5 billion.
In 1992, each pair of Jordan shoes sold brought Michael 25 cents. He is currently paid $4 for each pair of sneakers sold.
Michael Jordan earned $480 million in shoe royalties from Nike between 2002 and 2012.
Today, Michael Jordan gets a yearly Nike royalty check between $80 and $100 million. However, after a few years, his royalty payout was in the $100–$120 million range.
Endorsements
Michael Jordan continues to make a good living by endorsing goods from companies like Hanes, Upper Deck, and Gatorade.
Personal Info.
- Known As – MJ
- Current Age–59 Years old
- Birth Place–Brooklyn, New York, United States
- Hometown–Jupiter, Florida
- Sun Sign/Zodiac Sign–Aquarius
- Religion–Roman Catholicism
- Nationality– American
Physical Appearance
- Height –in Centimeters – 198 cm, In Meters – 1.98 m, In Feet Inches –6 ft. 6 inches
- Weight – In Kilograms – Not Defined
- Eye Color–Dark Brown
- Hair Color–Bald
Family
- Father–James Jeffery Jorden
- Mother–Deloria’s Peoples
- Brother – Larry Jorden, James R Jorden Jr.
- Sister – Deloris, Roslyn Jorden
- Siblings – 4
- Children’s – 5
Relationship & Personal Life:
- Affairs–no
- Marital Status – Married
- Yvette Prieto (since 2008) – Michael and Yvette Prieto began dating in 2008; they became engaged on December 26, 2011, and on April 27, 2013, they were wed. Victoria and Ysabel, are twin children of Michael and Yvette (born on February 9, 2014).
Facts
The Thought of Water was Terrifying to Him. One could suppose Michael Jordan does not need to be afraid because of all that he has accomplished in his life.
Jordan has continually proven his mettle by accepting increasingly significant duties when required. On the hardwood, he may seem fearless, but he is also a person, and he has had fear before.
In one game, he recorded ten triple-doubles. This list demonstrates that Michael Jordan’s scoring prowess accounts for the majority of his excellent stats. The best demonstration of his versatility comes from the 1988–1989 campaign.
With ten scoring titles, he now owns the league record. It is commonly known that Michael Jordan is a skilled scorer.
Frequently Asked Question
Q.1 What is Michael Jordan net worth?
Ans: It is estimated that Michael Jordan is worth $1.7 billion.
Q.2 What is Michael Jordan’s age?
Ans: Michael Jordan, who is currently 59 years old, was born on February 17, 1963.
Q.3 What is Michael Jordan’s height?
Ans: The height of Michael Jordan is 1.98 m, or 6 ft 6 in.
Q.4 Is there a basketball franchise owned by Michael Jordan?
Ans: In 2006, Michael Jordan joined the Charlotte Bobcats, an American basketball team, as a minority owner and general manager (now known as the Charlotte Hornets).
Q.5 Michael Jordan participated in the Olympics how many times?
Ans: The American basketball team won Olympic gold medals under Michael Jordan in 1984 in Los Angeles and 1992 in Barcelona, Spain.
