Net Worth

Michael Jordan Net Worth in 2020, Age, Height, Weight, Wife, Bio, Wiki

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
Age 56
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.

Cars Worth
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.

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.

View this post on Instagram

#JUMPMAN

A post shared by Jordan (@jumpman23) on

Michael Jordan Social Accounts

Michael Jordan Social Accounts

Twitter Jumpman23
Facebook Jumpman23
Instagram jumpman23

 

Related Articles

Back to top button