Michael Jordan is regarded as the Greatest Of All Time of the NBA and for all the right reasons. He started playing basketball at a very young age in school and was recruited by top colleges in the US for his skills. Although retired, Jordan still makes a fortune off his multiple business, brand collaborations, and royalties. Find out how he makes his millions and how much money he really has.
Michael Jordan Personal Info
Name: Michael Jeffrey Jordan
Date of Birth: 17 February 1963 (60 years)
Zodiac Sign: Aquarius
Place of Birth: Brooklyn, New York, USA
Nationality: American
Height: 6 ft 5 inches
Weight: 90 kg
Marital Status: Married
Spouse Name: Yvette Prieto (2013-Present)
Kids: Marcus Jordan, Ysabel Jordan, Jeffrey Jordan, Jasmine Jordan, and Victoria Jordan
Profession: Former NBA Player, Businessman
Michael Jordan Net Worth 2023
Jordan has been one of the most successful NBA players in history. The 60-year-old continues to earn handsome amounts from his business ventures and royalties. As reported by Forbes, Michael Jordan net worth in 2023 is valued at $2.6 billion. The legendary NBA star was signed by Chicago Bulls in 1984 where he played for 10 years. He has been crowned the MVP of the league five times and has won Chicago Bulls a total of six NBA championships. Jordan was one of the highest-paid basketball players in the NBA and was the first athlete in history to earn more than $30 million salary per year.
Jordan was earning $30.14 million in base salary during the 1996-1997 season. The following season, his base earnings rose to $33.14 million, which would amount to $53.4 million today. Let’s take a look at Michael Jordan net worth growth over the years-
- Net worth in 2009- $500 million
- Net worth in 2013- $650 million
- Net worth in 2014- $1 billion
- Net worth in 2016- $1.1 billion
- Net worth in 2017- $1.2 billion
- Net worth in 2018- $1.5 billion
- Net worth in 2019- $1.9 billion
- Net worth in 2020- $2 billion
- Net worth in 2021- $2.1 billion
- Net worth in 2022- $2.2 billion
- Net worth in 2023- $2.6 billion
Sources of Income
The majority of Michael Jordan net worth is influenced by his massive brand endorsements and investments. The 60-year-old has huge stakes in businesses and profitable investment deals. He owns the Charlotte Hornets basketball team which competes in NBA. A major chunk of his earnings is drawn from his brand deal with Nike which sells sneakers under the brand name ‘Jordan.’ His ‘Jordan’ sneaker collections are among the most popular and expensive in the world. The brand ‘Jordan’ also produces football kits and after football star Lionel Messi joined the Paris Saint-German football club in 2021, Jordan earned $6 million due to shirt sales.
- Jordan first signed a five-year Nike deal in 1984 which was worth $500,000 plus royalties. Forbes reported that last year Jordan made $130 million from the Nike deal.
- In 2010, Michael Jordan took control of the Charlotte Hornets with a deal valued at $175 million. He sold 20% of the shares in September 2020 for $1.5 billion. Moreover, there are reports that Jordan is looking to sell his majority stakes in the team for a whopping $3 billion.
- Over the years, Michael Jordan net worth has been heavily impacted by his off-the-court brand deals. Apart from his long-term deal with Nike, Jordan has collaborated with several other reputed brands such as Chevrolet, McDonald’s, Coca-Cola, Wheaties, etc. Other long-term brand deals include Gatorade, Hanes, and Upper Deck. These deals have earned Jordan approximately $1.7 billion pre-tax in the past forty years.
Michael Jordan Assets
With Michael Jordan net worth, it comes as no surprise that the American athlete has five beautiful houses across America. He owns two houses in North Carolina where Charlotte Hornets are based. One house is situated in Jupiter, Florida, and the other two are in Illinois and Utah.
- His primary residence is in Jupiter, Florida which he bought in 2011 for $4.8 million. He spent around $7.6 million to build his dream home on that property.
- He also owns a Chicago Mansion in Highland Park, Illinois which he purchased in 1991. Jordan resided in the mansion during the days he played Chicago Bulls. The property is now listed for purchase for $14.8 million.
- Jordan is also the owner of a property in Salt Lake City, Utah.
- His other two residences are situated in North Carolina. One lake house he purchased in 2013 for $2,8 million. And another luxury condo situated on the 7th floor of Trust Condos.
Personal Life
Michael Jordan first married Juanita Vanoy in 1989 with whom he shares three children- Jeffrey(34), Marcus(32), and Jasmine(30). The couple separated after 13 years of marriage in 2002. As a part of the divorce settlement, Michael paid $168 million to Juanita. It was among the most expensive divorces in history. However, he found love again in 2013 when he married his current wife Yvette Prieto. Prieto is a Cuban-American model. The couple became parents to twins in 2014- Victoria and Ysabel. The twins are 9 years old today.
Jordan is also a grandfather to Rakeem Michael Christmas. Rakeem Michael Christmas was born in 2014 to parents Jasmine Jordan and Rakeem Christmas.
