What is Michael Jordan’s Net Worth?

Introduction

Michael Jordan’s net worth was $2.2 billion as of August 2022.

Michael Jordan is one of the most well-known names in NBA history. He is also well-known for his endorsement of Nike’s Air Jordan as well as the film Space Jam.

ESPN has made Jordan the most notable North American athlete of 20 century. Jordan is now part of the Charlotte Bobcats basketball operations team.

Early Life

Michael Jordan was born in Brooklyn, New York on February 17, 1963. When he was just a toddler, his family moved to Wilmington, North Carolina. His height prevented him from making the basketball team when he was a sophomore in high school. He opted to focus on other sports, like football and baseball that year.

He was 6’3″ and made the team in his junior year. He averaged about 20 points per match during that time. He was named to the McDonald’s All-American Team in his senior year.

Career

Jordan was the first player to be drafted by the NBA Chicago Bulls in 1984. In his first season, he helped them reach the playoffs.

His average point total of 28.2 per game earned him the NBA Rookie of the Year Award. He became the first player to score over 3.000 points in one season in the 1986-1987 season.

Jordan was instrumental in helping the Bulls win championship after title over the next few seasons. After the 1993-1994 season, Jordan took a break to play minor league baseball. He returned to the Chicago Bulls the following year. He returned stronger that season, scoring 30.4 points per game.

After playing fifteen seasons with Chicago Bulls, Jordan retired in 1998. He was also the winner of six championships. Jordan joined the Washington Wizards as a part-owner and returned for the final two seasons 2001-2003.

Michale Jordan, a legend in basketball and one of the most important players to ever play the game, is still revered today. A former NBA star played a major role in the popularization of the NBA throughout the world in the 1980s & 1990s.

Jordan is also a well-known athlete, having signed many lucrative endorsement deals. Jordan was the driving force behind the huge success of Nike’s Jordan brand. This includes the iconic Air Jordan sneakers. Michael Jordan’s net worth is largely due to the Nike royalties of 5% per Air Jordan shoe sold.

Many successful endorsements have been made by NBA legend Michael Jordan over the years. These include Chevrolet, Coca-Cola, and McDonald’s.

He was also the star of “Space-Jam”, a movie about Jordan’s basketball career. Jordan was the star of the 2000 IMAX documentary “Michael Jordan To the Max,” which focused on Jordan’s Bulls career. Jordan also had recent success in film, such as his documentary miniseries The Last Dance (2020).

Jordan purchased a large stake in Charlotte Bobcats (now called Hornets) in 2006 and became its managing member. He is determined to improve the team’s statistics and does not plan on leaving the basketball industry.

Jordan’s post-basketball career includes 23XI Racing, a professional auto-racing organization owned by Jordan and Denny Hamlin. They chose Bubba Wallace to drive their NASCAR team.

Jordan is also a philanthropist. He hosted the Michael Jordan Celebrity Invitational golf tournament from 2001 to 2014. This event raised funds for various charities.

Jordan and his wife donated $5 million to Chicago’s Hales Franciscan School in 2006. Jordan Brand made significant donations to Habitat for Humanity and Louisiana’s Boys & Girls Clubs of America.

Jordan’s involvement in The Make-A-Wish Foundation has also been a notable one. In 2008, Jordan was appointed Chief Wish Ambassador. He granted his 200th wish in 2013. He has raised over $5 million for the foundation to date.

It is easy to see why Michael Jordan is still one of the most highly-paid NBA players and athletes. Jordan became the first NBA player to achieve the status of a billionaire in June 2014 after he increased his shareholdings in the Charlotte Hornets. Forbes estimates that Jordan Brand earns $1 billion in profits each year.

Forbes estimates that Michael Jordan’s net worth has risen to $1.6 billion by 2021. Famer Michael Jordan is now one of the most wealthy African-Americans in America. He’s also one of the most loved.

The strong presence of Nike’s Jordan Brand on sale and the popularity of Internet memes helped him to become a household name. His basketball career is still very popular, earning him a place in the NBA’s Hall of Fame.

Michael Jordan, who has a net worth of $2.2 billion, is one of the wealthiest athletes in the world as of August 2022.

Highlights

These are some of the greatest moments in Michael Jordan’s career.

Most Valuable Player (1987-88, 1990-91, 1991-92, 1995-96, 1997-98)
Defensive Player of the Year (1988)
Rookie of the Year (1984-85)
All-Star Game MVP (1988, 1996, 1998)

Favorite Quotes From Michael Jordan

In my entire life, I have failed many times. That is why I succeeded.

Accepting failure is okay. Everyone fails at something. I refuse to accept failure.