What is Michael Jordan’s net worth and how much did NBA legend earn from basketball career?
MICHAEL JORDAN is arguably the most famous basketball player of all time who has amassed an incredible fortune over the course of his stellar career.
Fans of the NBA legend want to know more about his net worth, and how much of it came from his career with Chicago Bulls and Washington Wizards.
What is Michael Jordan’s net worth?
Michael Jordan is one of the very few athletes in the world who hold a billionaire title.
The retired player has a fortune of $2billion, according to Forbes.
To this day, Jordan continues to make more money than LeBron James, Kevin Durant, Stephen Curry and any other professional basketball stars.
Although Jordan made less than $100million in NBA contracts, his lucrative career in business has allowed him to grow his wealth exponentially and reach his first billion by 2014.
Where did Michael Jordan earn the majority of his money?
The five-time MVP’s Nike endorsements laid down the foundation for his stunning wealth.
His popular Air Jordan sneaker line first dropped in 1984, 13 years before launching Jordan Brand.
However, most of Jordan’s wealth came from his 2010 purchase of the Charlotte Hornets – previously called the Bobcats – for $275million.
He managed to get the franchise’s original ‘Hornets’ name from New Orleans in 2014 – the same year he became a billionaire when the club’s share price went through the roof.
Is Jordan selling his stake in the Charlotte Hornets?
In 2019, Jordan sold a minority stake in the Hornets to Gabe Plotkin and Daniel Sundheim at a $1.5billion valuation but, at the time, did not show any intention of selling up as owner.
Fast-forward to March 2023, and he has reportedly entered serious negotiations about selling his majority stake in the franchise to a group led by Plotkin and Atlanta Hawks minority owner, Rick Schnall, sources told ESPN.
As per the outlet: “No deal is imminent, but there’s significant momentum on a sale that would eventually install Plotkin and Schnall as the co-governors of the Hornets, sources said.”
“If a sale is completed, Jordan is expected to remain with a minority stake in the franchise, sources said.”