Michael Jordan, also known as MJ, is an American former professional basketball player who has played 15 seasons in the National Basketball Association (NBA) and has won six championships with the Chicago Bulls. He is the principal owner of the Charlotte Hornets NBA and an active businessman. The highest-paid athlete of all time, Jordan has gained huge fame and fortune throughout his career with a net worth of USD 1.9 billion.
Jordan has been a five-time NBA Most Valuable Player, a six-time NBA Finals MVP, a 14-time NBA All-Star, and a six-time NBA champion.
Michael Jordan Net Worth in 2020
|Net worth||USD 1.9 billion|
|Full Name||Michael Jeffrey Jordan|
|Born||February 17, 1963|
|Residence||Jupiter, in Florida, in the USA|
|Profession||American basketball player|
|Height||6 ft 6 in (1.98 m)|
|Weight||In kilograms: 98 kg; In pounds: 216 lbs|
Michael Jordan’s Properties
MJ enjoys a luxurious life starting from his branded accessories, designer clothes, gorgeous houses and lavish cars. The NBA star currently lives in a lavish residence in Jupiter, in Florida in the USA and has three more properties under his hat. The house in Florida is of worth USD 7.7 million that features a basketball court, 11 bedrooms and USD 12.9 million lavish workout facility.
Jordan’s one property is in the suburb of Chicago, the house in Highland Park of worth USD 29 million in 2012. The house has unique decorations, full basketball court, MJ branded golf flags, 9 bedrooms, a fitness studio and a spacious pool with a grass island. But the market value of the house reduced to USD 14.85 million after 4 years in 2016.
Another property is in Charlotte which is of worth USD 2.8 million in the market that features the lavish style of living includes 7 bedrooms and 8 bathrooms. But, in 2012, the property was listed for USD 3.99 million and relisted for USD 3.49 million because of bank issues.
Michael Jordan’s Cars
Michael Jordan is a car lover and has a number of lavish cars standing in his parking lot. He also has Gulfstream IV of value USD 36 million and luxurious private jet under his hat.
Check below Michael Jordan’s cars below with prices.
|Mercedes McLaren SLR||USD 480,000|
|Ferrari 512 TR||USD 239,900|
|Ferrari 599 GTB Fiorano||USD 209,086|
|Red Cadillac XLR||USD 110,000|
|Black Range Rover||USD 83,495|
|Chevrolet C4 Corvette||USD 56,500|
|Ducati 999||USD 7260|
What Contributed To Michael Jordan Net Worth?
Being the highest-paid athlete, Michael Jordan has made hefty dollars throughout his career and all thanks to his talent and persistence which made him the NBA star. He is retired, at present, but still making a lot of money through is endorsements and business deals which helped him to stand at a net worth of USD 1.9 billion. Truly, he is the best example that one can make money even after retiring from their jobs through smartness and persistent hard work.
According to sources, Michael Jordan earns 5.18% of net worth from the professional career as a basketball player. In the US, the average salary of a basketball player is estimated to be around USD 85 thousand, as per verified source PayScale.
MJ bought a 90% stake in the Charlotte Hornets, North Carolina in 2010 and bought the team for USD 175 million, but now it is of worth USD 1.05 billion.
— ESPN (@espn) December 24, 2019
Check below Michael Jordan’s net worth throughout his career.
|Year||Net Worth||What Contributed To MJ’s net worth?|
|1984||USD 436,150||A seven-year contract with Chicago Bulls which added USD 6.3 million in his bank balance.|
Five-year contract deal with Nike of value USD 12.5 million
Chicago Bull’s salary: USD 550,000
|1985||USD 1.49 million||Salary from Chicago Bulls: USD 630,000|
|1986||USD 3.18 million||Salary from Chicago Bulls: USD 737,500|
|1987||USD 6.19 million||Salary from Chicago Bulls: USD 845,000|
|1988||USD 13.05 million||Salary from Chicago Bulls and endorsement deal with Wheaties: USD 2 million each|
8-year contract with Chicago Bulls that added USD 25.7 million in MJ’s net worth
|1989||USD 21.3 million||Salary from Chicago Bulls: USD 2.25 million|
Entered into an endorsement deal with Hanes of value USD 10 million
|1990||USD 32.61 million||Salary from Chicago Bulls: USD 2.25 million|
Entered into an endorsement deal with Ball Park Franks of value USD 2 million
|1991||USD 44.8 million||Salary from Chicago Bulls: USD 3.25 million|
Entered into an endorsement deal with Gatorade of value USD 13.5 million
|1992||USD 57.39 million||Salary from Chicago Bulls: USD 3.25 million|
|1993||USD 72.37 million||Salary from Chicago Bulls: USD 4 million|
|1994||USD 87.85 million||Salary from Chicago Bulls: USD 3.84 million|
|1995||USD 103.84 million||Salary from Chicago Bulls: USD 3.84 million|
Entered into an endorsement deal with MCI and Oakley of value USD 2 million each
|1996||USD 130 million||Salary from Chicago Bulls: USD 30.14 million|
Earnings from Space Jam movie: USD 20 million
|1997||USD 158 million||Salary from Chicago Bulls: USD 33.15 million|
|2001||USD 261 million||Salary from Washington Wizards and entered into a contract of USD 1 million and USD 2.03 million respectively.|
|2003||USD 337 million||Income: USD 35 million|
|2004||USD 376.33 million||Income: USD 33 million|
|2005||USD 417.88 million||Income: USD 33 million|
|2006||USD 459 million||Income: USD 32 million|
|2007||USD 502 million||Entered into an endorsement deal with Nike of value USD 110 million|
|2008||USD 546.7 million||Income: USD 45 million|
|2009||USD 595.83 million||Income: USD 55 million|
|2014||USD 899.1 million||Income: USD 100 million|
Charlotte Bobcats 89% stake value: USD 416 million
|2015||USD 979.4 million||Income: USD 110 million|
Michael Jordan’s Endorsements List
Michael Jordan has endorsed and promoted brands and companies including Nike, Chevrolet, Ball Park Franks, Wheaties, McDonald’s, Rayovac, Hanes, Coca-Cola, and MCI. This endorsement has definitely helped the athlete to earn some hefty dollars which have highly contributed to his net worth.
According to sources, the athlete earns USD 80-100 million per year from endorsements from which USD 60 million every year from Nike/Jordan brand royalties alone. According to sources, MJ earns 32.40% of net worth from endorsement deals.
Early Life And Career
Michael Jordan was born in New York City on February 17, 1963. Jordan did his schooling from Emsley A. Laney High School in Wilmington. Jordan was recruited by numerous college basketball programs, including North Carolina, Duke, Syracuse, South Carolina, and Virginia.
He was named ACC Freshman of the Year in Coach Dean Smith’s team-oriented system after he averaged 13.4 ppg on 53.4% shooting. Jordan averaged 28.2 ppg on 51.5% shooting during his rookie season with the Bulls which helped the team to won 35% of games in the previous three season’s playoff contenders.
In the 1984 Summer Olympics, MJ won a gold medal as a college player who led the team in scoring, averaging 17.1 ppg for the tournament, coached by Bob Knight.
Michael Jordan Social Accounts
Michael Jordan Social Accounts