Michael Jordan is arguably the best basketball player of all time — and he’s definitely the richest NBA star in history.
The Chicago Bulls legend — who won six NBA titles during his 15-year profession, and who bought the Charlotte franchise after retiring — has a whopping $3.5 billion net price, in keeping with Bloomberg.
Jordan’s wealth reportedly surged after he sold his majority stake within the Hornets this month for $3 billion to hedge fund tycoon Gabriel Plotkin and personal equity mogul Rick Schnall, in keeping with ESPN.
Jordan — who won five MVP awards and broke 10 NBA scoring titles — became the league’s first black owner when he purchased Charlotte for $275 million in 2010, after they were often called the Bobcats.
Bloomberg estimated that the 60-year-old basketball icon-turned-businessman sold a 65% stake within the team and kept a lower than 5% interest.
Apart from the Hornets sale, Jordan’s seven-figure wealth also stems from his Jordan Brand apparel licensing deal with Nike, in keeping with Bloomberg.
Michael Jordan is the richest basketball player of all time with a fortune of $3.5 billion, in keeping with Bloomberg, which calculated the NBA legend’s net price for the primary time ever.AFP via Getty Images
Jordan’s time on the court earned him nearly $94 million, in keeping with sports contracts tracker Spotrac.NBAE via Getty Images
Last 12 months, Nike reported that its partnership with Jordan — which began in his rookie 12 months in 1984 — brought in $5.1 billion in revenue for the corporate, representing a staggering 11% of Nike’s total sales.
As a part of the Jordan Brand deal, His Airness signed a contract with Nike that earns him $500,000 per 12 months plus a 5% royalty on all of Jordan Brand’s earnings.
Partnerships like this one also often include endorsement and bonus-style payments when certain thresholds are met, in keeping with Bloomberg, though the intricacies of Jordan’s contract with Nike have stayed confidential because the star signed it nearly 4 a long time ago.
Based on what’s public in regards to the deal, Jordan earned $255.5 million from the athletic apparel giant in 2022 alone.
Jordan also had endorsement deals with Hanes, Gatorade, Chevrolet, McDonald’s, Ball Park Franks, Wheaties, battery company Rayovac and sports trading card brand Upper Deck.
In 1991, Jordan inked a 10-year endorsement cope with Gatorade, leading to the famed “Be Like Mike” TV business and earning him an estimated $1.4 million annually.
He also appeared on the Wheaties box a record-breaking 19 times — greater than some other athlete.
Among the business relationships Jordan has with these firms are still energetic, stretching greater than 30 years and rating among the many longest-running endorsement deals between a brand and an athlete.
The precise payday Jordan previously or currently received from these deals stays unclear, though they’re collectively attributed to creating him the primary billionaire NBA player in 2014, at age 51.
During his 15-season NBA profession, Jordan won six NBA championships and five MVP awards, plus broke ten NBA scoring titles during his time with the Chicago Bulls.NBAE via Getty Images
Jordan lives in a sprawling multimillion-dollar mansion in Jupiter, Fla., which features his legendary No. 23 on the front gate and his “Jumpman” Nike logo on a regulation-size basketball court.Alamy Stock Photo
He also receives income from owning and operating Nascar’s 23XI Racing, which he launched in 2020 with a star-studded roster including Bubba Wallace, the circuit’s only black driver.
The identical 12 months, he was granted an undisclosed equity stake in DraftKings in exchange for “providing guidance and strategic advice,” the sports betting company said in an announcement in regards to the deal last September.
And in fact, Jordan made an eye-watering salary during his profession with the Bulls and Washington Wizards up until his retirement in 2003, at age 40.
Based on sports contracts tracker Spotrac, Jordan’s time on the court earned him nearly $94 million.
Jordan lives also has a formidable real estate portfolio. His predominant residence is reportedly a sprawling mansion in a highly-exclusive gated community in Jupiter, Fla., that he bought for a modest $4.8 million in 2012 before doing a multimillion-dollar renovation on the property, which is ready behind a gate emblazoned together with his legendary No. 23 on it and contains a regulation-size basketball court together with his “Jumpman” Nike logo.
Jordan owns a 13-seat Gulfstream G-IV private jet he reportedly has spent about $62 million on.DAPRESS / SplashNews.com
The 60-year-old NBA star custom-wrapped the private jet in a grey-and-white pattern that pays homage to his Air Jordan range of Nike shoes.DAPRESS / SplashNews.com
He also owns a nine-bedroom, 19-bathroom home within the Chicago suburb of Highland Park, two estates in North Carolina — where he grew up and went to varsity on the University of North Carolina — and one other in Ski City, Utah.
Jordan travels to every of his properties in a classy Gulfstream G-IV private jet that’s custom-wrapped in a grey-and-white pattern that pays homage to his Air Jordan range of Nike shoes.
The 88-foot-long aircraft can fit as much as 13 passengers and two crew members, and reportedly cost somewhere around $62 million to purchase and personalize.
Representatives for Jordan at Jump Management, his family office, didn’t immediately reply to The Post’s request for comment.
