“If you do the work, you get rewarded. There are no shortcuts in life.”
Michael Jordan’s net worth is once again a subject of interest. His Airness can blame the new flick Air. Though Michael Jordan doesn’t appear, he had input on the film; the movie explores the origins of the iconic Air Jordan sneakers. The shoes have sold millions. But how many millions is Jordan worth? What’s Michael Jordan’s net worth, and what’s the story on his shoe deal now?
We did some digging on Michael Jordan’s net worth and more.
How did Michael Jordan become famous?
Michael Jordan’s game-winning shot for UNC in the 1982 NCAA championship game vs. Georgetown put him on the map. He was drafted third by the Chicago Bulls in the 1984 NBA draft. He went on to produce what is wildly considered the best career in league history, winning six titles, six finals MVPs, five NBA MVPs and being named All-Star 14 times. His Air Jordans sneakers remain popular today and made him a crossover star.
What is Michael Jordan’s net worth in 2023?
Michael Jordan shoots during the 1988 – 1989 NBA season. Jonathan Daniel/Allsport/Getty Images
Forbes lists MJ’s net worth in 2023 as $2 billion. The outlet points out that MJ earned $90 million in salary during his NBA career. He’s earned more than $1.8 billion in pre-tax dollars from endorsements like Nike and Gatorade. Since retiring, Jordan’s business ventures have included becoming an investor and special advisor to sports-betting company DraftKings and a NASCAR team co-owner in 2002. He also owns the Charlotte Hornets and sold a minority stake in 2019, where it was reported the team was valued at $1.5 billion.
Was Jordan a billionaire?
Michael Jordan is a billionaire. Forbes reports his current net worth is $2 billion.
What made Jordan a billionaire?
Michael Jordan is known for his storied NBA career, but it’s business ventures catapulted him into the billionaire club. According to Insider, Jordan became a billionaire in 2014 when the value of the Charlotte Hornets, the NBA franchise he purchased in 2010, rose. The team is now worth more than $1 billion.
Does Nike still pay Michael Jordan?
Yes. Nike still produces Air Jordans—reportedly, there’s no end in sight—and therefore, Jordan still gets paid by the company behind the Swoosh. According to Jordan’s agent David Falk, the initial deal with Nike far exceeded expectations.
In 2020, Falk joined The Herd with Colin Cowherd and disclosed the expectation was to sell $3 million in Air Jordan in four years. Instead, Air Jordans sold $126 million in a year. Since then, there have been more than 30 silhouettes of Air Jordans produced, and the shoes are a significant reason MJ is a billionaire.
How much does MJ make a day?
Michael Jordan slam dunks during the NBA Finals in June 1991. Bettman/Getty Images
Jordan has a net worth of $2 billion. Though it’s impossible to say how much his Airness makes in one day, that net worth equates to making about $5.5 million daily.
How much did Michael Jordan buy the Hornets for?
MJ bought the Hornets for about $275 million in 2010. Today, the franchise is worth over $1.5 billion.
How much did Michael Jordan make from Space Jam?
Michael Jordan and Bugs Bunny in “Space Jam” (1996) Warner Bros.
MJ reportedly made about $20 million for Space Jam (1996), where he starred alongside Bugs Bunny. No word on how much the Looney Tunes made.
How much did Michael Jordan make in his NBA career?
Jordan made about $90 million in salary during his NBA career, which included two stints with the Bulls (1984–1993, 1995–1998) and one with the Washington Wizards (2001–2003).
How much did Michael Jordan make a game?
This number varies by season, depending on Jordan’s contract. MJ played 1,072 games in his NBA career and made $90 million total in salary. Therefore, he made about $84K per game.
How much did Michael Jordan make his rookie year?
Michael Jordan signed a seven-year deal for $6.7 million after being drafted by the Bulls in 1984, according to Hoops Hype. It’s unclear how much MJ took home during his rookie season because contracts are staggered, often unevenly.
How much did Michael Jordan get paid for The Last Dance?
In his memoir, MJ’s former teammate and wingman Scottie Pippen divulged that Jordan got paid $10 million to appear in the 2020 docu-series The Last Dance. The seven-part series detailed Jordan’s legendary career, focusing on his last year with the Bulls in 1998. Pippen wasn’t happy with Jordan’s tone—or salary—and didn’t mince words.
“Michael received $10 million for his role in the doc while my teammates and I didn’t earn a dime, another reminder of the pecking order from the old days,” Pippen wrote in Unguarded, an excerpt of which was printed in GQ in 2021. “For an entire season, we allowed cameras into the sanctity of our locker rooms, our practices, our hotels, our huddles … our lives.”
How much did Michael Jordan get paid to play baseball?
Michael Jordan swings at bat for the Chicago White Sox on April 7, 1994. Jonathan Daniel/Getty Images Sport
The details of MJ’s contract with to play baseball are unknown. But according to a Mother Jones report, minor league players were typically paid $1,100 monthly. The Bulls also paid him $4 million that year, according to Forbes. He probably made more from an NBA team than an MLB one.
Who owns the Michael Jordan logo?
Nike owns the Jumpman logo. The shoe giant won a lawsuit against photographer Jacobus Rentmeester, who claimed Nike violated copyright laws by using the photo, in 2019.
What companies does Michael Jordan own?
MJ serves as the principal owner and chairman of the NBA franchise, the Charlotte Hornets. He holds the same role with 23XI Racing, part of the NASCAR Cup Series.
How much royalty does Michael Jordan get from Nike?
Michael Jordan earns about 5% on Jordan Brand sales as part of his licensing deal with Nike, according to Front Office Sports. Front Office Sports also reports that Jordan received $256 million from the deal in 2022 alone.
Is Jordan Brand still owned by Nike?
Yes. Jordan Brand is Jordan’s label under Nike. It launched on Sept. 9, 1997.
Michael Jordan looks on during the Isuzu Celebrity Golf Tournament on July 7, 1995.
Rocky Widner/NBAE via Getty Images
How much does Michael Jordan play golf?
Almost every day, according to an interview Michael Jordan did with RSNG. “Pretty much every day of the week. And I’ll do 36 holes. It will have to be a good reason for me not to get my golf clubs out. These days it’s gone beyond sport. It’s actually a therapeutic thing for me, and if I don’t get out on the course, I feel as if I am incomplete.”
Does Michael Jordan own his own golf course?
Yes. Michael Jordan’s golf club, The Grove XXIII, apparently is designed to cater to his short-hitting style. PGA golfer Rickie Fowler called it the “Slaughterhouse XXIII” in a Golf.com story, noting that long-hitters will hit drives into narrower fairways, while short hitters hit into wider ones. Apparently, that gives MJ, always a competitor, a leg-up.
“The shorter you hit it, the wider it is,” Fowler said in his Golf.com interview. “He can basically hit driver on all the par 4, par 5s. And if I want to hit driver, I have to kind of put it into a bit of a tighter spot. I can obviously play back if I want, but that becomes a little bit of a disadvantage, especially if it’s a hole where he’s getting a stroke on.”
Whatever that means.
How much would Michael Jordan be paid today?
Jordan made so much ($33.1 million) during the 1997-98 season—his last with the Bulls—that it broke the U.S. Bureau of Labor’s inflation calculator (which caps at $10 million). But the value of $1 then translates into $1.86 today. $1.86 x 33.1 million is $61.5 million.
Source: parade.com
