A Complete Breakdown Michael Jordan's Multi-Billion-Dollar Personal Fortune And Business Empire (2022)

This Sunday is the premiere of "The Last Dance", the documentary about Michael Jordan and the 1997-98 Chicago Bulls. That season led to the sixth and final title during the team's dominating run throughout the 90s, one of the most important championships in league history. Jordan was the face of that Bulls team, which featured greats like Scottie Pippen, Dennis Rodman, Toni Kukoc, Steve Kerr, and coach Phil Jackson. But Michael earned relatively little money playing in the NBA. His total career NBA earnings could be earned by a single player in three or four seasons today.

In 2009, when we first began tracking Michael's fortune, he had a net worth of $500 million. By our count, he first achieved billionaire status in 2014 at the age of 51. Fast forward six years and he's already more than doubled that billion dollar net worth.

And if you've been reading CelebrityNetWorth recently, you may have seen that we recently crowned him the world's richest athlete. A feat most people incorrectly assume he achieved long ago.

As of this writing, Michael Jordan's net worth is $2.2 billion.

So how did Jordan become so rich? Sure, we know it's from endorsement earnings from companies like Nike and Gatorade. But what goes into that $2.2 billion number. Let's get down to the nitty gritty numbers. Here's a dollar for dollar breakdown:

NBA Salary = $93.7 Million (roughly $145m with inflation)

Perhaps the most amazing part of Jordan's multi-billion dollar fortune is that he earned almost all of it AWAY from the basketball court.

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During his NBA career, Jordan made a total of only $93.7 million, which is downright meager by today's standards. His rookie year brought him $550,000, and he played four seasons in the league before he first made at least $1 million in a year.

During the Bulls' first three title runs (1991-93), Jordan made a total of $9.75 million. He continued earning even during his first retirement, making more than he did during the first three-peat. When he returned, Jordan still only earned $3.85 million on the court, despite leading the Bulls to a 72-10 record.

After the fourth championship, Jordan finally received a big payday. More than two-thirds of his career earnings came from his final two seasons with the Bulls, when he made $30.14 and $33.14 million during the 1996-97 and 1997-98 seasons, respectively.

How Much Does Michael Jordan Make a year from Nike/Jordan Brand? $80 – $100 million.

Michael has revealed that while playing college ball for UNC, at one point he had just $20 in his bank account. He had to ask his mom to send him postage stamps so he could stay in touch. Money wouldn't be a problem for long.

In 1984, the same year he graduated college, Jordan received an endorsement deal from Nike worth $500,000 over five years. He also received stock options in the company, bringing his total compensation to $7 million during those five years.

Here's the craziest thing: before that deal, Jordan had never worn a pair of Nikes in his life. He was an Adidas guy, but Nike's offer was too good to pass up.

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When Jordan wore the shoes, they violated the NBA's uniform rules. Nike paid every fine, and in fact used the controversy to generate additional excitement around the Air Jordans. By March 1985, consumers could buy the shoe, and did they ever – within two months, it had sold more than a million pairs. That first year, Air Jordan shoes brought in $100 million of revenue for Nike. Today, the shoes generate more than $2.5 billion every single year.

Jordan has a pretty sweet deal with his shoes, too. Since 1992, he's earned at least 25 cents for every Air Jordan sold. Today, he makes $4 every time an Air Jordan shoe gets sold. That's good enough to earn about $80 to $100 million every year. Some years, Air Jordan sales bring in even more, giving Jordan as much as $120 million.

Other Endorsements and Businesses = $500 million

Nike isn't Jordan's only endorsement deal, though. He's also had partnerships with Gatorade, McDonald's Wheaties, Coca-Cola, Hanes, Chevrolet, Rayovac, MCI, Ball Park Franks, Upper Deck, 2K Sports, and Five Star Fragrances.

Jordan's Gatorade deal is likely his most lucrative after Nike. After the 1988-89 season ended, Jordan signed a ten-year, $18 million endorsement contract with Gatorade. That partnership brought the famous "Be Like Mike" ad to the airwaves and gave us a toe-tapping song, to boot.

On top of his endorsements, Jordan also owns a car dealership and seven restaurants. All of these business ventures have brought him a whopping $1.6 billion.

In 2018, Michael and Magic Johnson invested in the popular esports organization Team Liquid. About a year after their investment, new investors plunged money into the team at a valuation of $320 million. It's not clear how big Magic and Michael's stakes are.

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In 2017 when Derek Jeter led a group of investors in purchasing the Miami Marlins baseball team for $1.2 billion. Derek invited Jordan to invest and today MJ owns around 1% of the team.

How Much Does Michael Jordan Make Per Year 2020? $120 – $150 million.

That, of course, doesn't include deals Jordan has turned down. He reportedly won't accept a partnership unless he expects to earn at least $10 million, and even then, money isn't always everything. Jordan said no to a headphone endorsement deal worth $80 million because he doesn't like wearing headphones.

Total Endorsement Earnings = $1.6 billion (and counting)

A Complete Breakdown Michael Jordan's Multi-Billion-Dollar Personal Fortune And Business Empire (1)

Jordan Brand via Getty Images

Bobcats Investment = $1 billion+

Towards the end of his playing career (after two retirements, when he joined the Washington Wizards), Jordan divorced from his wife Juanita in 2002. The divorce settlement cost Jordan $168 million. That's one of the largest celebrity divorce settlements in history.

(Video) 159 TIP: Billionaire Michael Jordan w/ Roland Lazenby

By 2006, Jordan was worth about $450 million, after taxes, divorce settlements, living costs, and other expenses.

That same year, he purchased a minority stake in the Charlotte Bobcats. In 2010, he spent $175 million to purchase a larger stake from the team's majority owner, BET founder Robert Johnson. That deal gave Jordan 80 percent ownership of the team.

But Jordan continued to grow his stake, increasing his ownership from 80 to 89.5 percent by 2014. Let's do a little quick math here. At the time, the franchise, now renamed the Hornets, had been valued at $500 million with $135 million worth of debt. A little while later, the Clippers, also valued at $500 million, sold for $2 billion. Assuming the Hornets grew their valuation to $600 million during that timeframe, Jordan's stake in the team after debt was worth $416 million. Combined with his $600 million in outside money, that made hima billionaire for the first time in his life.

Last year, Jordan sold a minority stake in the Bobcats to hedge fund managers Gabe Plotkin and Daniel Sundheim. The percentage wasn't disclosed but the valuation was. The new investors bought in a team valuation of $1.5 billion.

As NBA franchise values continue to rise, so too will Jordan's net worth.

Jordan Brand Future Value = $2 – 3 billion?

Using either the Discounted Cash Flow or EBITDA Multiple valuation, the present value of Michael's future Nike royalties alone could be worth multiple billions in present value dollars. Put another way – How much would an outside investor pay Michael today for the next 10-15 years of his Nike royalties? To take him out of the business today, that would likely be worth over a billion dollars. Then you also have the terminal value of the Jordan Brand after that 10-15 year period. It could be argued that Michael's Air Jordan royalty stream + the future value of the Jordan brand would be worth someone giving him a $2-3 billion buyout today.

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When you total it all up, by our very conservative calculations, Michael Jordan's current net worth as of April 2020 is $2.2 billion. Easily enough to make him the richest athlete in the world. Is he also the greatest athlete of all time? Perhaps that will be answered in "The Last Dance".

"The Last Dance" airs its first two episodes on ESPN at 8pm ET; viewers outside the United States can also stream it on Netflix.

FAQs

How did Michael Jordan Make his fortune? ›

Michael Jordan was equally known for his jump shots on the basketball court as for his famous sneakers. As Nike Air Jordans rose in popularity, so did the athlete's net worth. He makes about $100 million a year from Nike royalties, Business Insider reported.

What is Michael Jordan's overall net worth? ›

According to Forbes, Jordan's net worth was at an estimated $2.1 billion in 2020, which makes him the richest former professional athlete in the world. He also became the first billionaire athlete and joined the three-comma club in 2014, per Business Insider.

Was Jordan ever a billionaire? ›

According to Forbes, Michael Jordan is NBA's richest player with a humongous net worth of US$1.7 billion. He earned US$90 million in salaries during his basketball career, but reportedly made US$1.8 billion (pre-tax) for endorsement deals from brands like Nike, Gatorade and Hanes.

How much money did Michael Jordan generate for the NBA? ›

Clutch Points reports that Michael Jordan was the first basketball player to earn a $90 million salary per year. This basketball legend has earned over $1.8 Billion (pre-tax) as a brand ambassador for different corporate partners, including Nike, Gatorade, and Hanes.

Who is richer Michael Jordan or Tiger Woods? ›

The net worth of the former Chicago Bulls shooting guard in 2022 is $2.2 billion. Since Forbes estimated Woods' net worth to be around $1 billion, MJ is clearly the richer among the two. Before his retirement, the NBA star earned a total of $93.7 million in salary.

Is LeBron James a billionaire? ›

LeBron James has officially become a billionaire, according to Forbes. This makes James the first active NBA player to reach the milestone, and the second NBA player to reach billionaire status, joining retired basketball star Michael Jordan.

What is Tom Brady's overall net worth? ›

Tom Brady's net worth is estimated to be $250 Million, and although he's not quite the highest-paid player in American football, he's certainly near the top!

What's LeBron James net worth? ›

LeBron James has added another title to his collection: billionaire. On Thursday, Forbes estimated the Los Angeles Lakers star's net worth at $1 billion.

What is Shaquille O Neal's net worth 2022? ›

As of September 2022, Shaquille O'Neal's net worth is roughly $400 Million, making him one of the richest athletes in the world. What is this? Shaquille O'Neal, aka Shaq, is a retired professional basketball player who is currently serving as a sports analyst.

Who is the richest athlete in the world 2022? ›

Michael Jordan's net worth is estimated to be $2.2 billion in 2022, making him the richest athlete in the world.

Who is the richest NBA player all time? ›

Michael Jordan arguably the greatest NBA-player of all time. Michael Jordan's net worth is estimated to be roughly $1.5 Billion dollars, making him the richest NBA-player in the world.

Who is richer Michael Jordan or LeBron James? ›

He is the first active NBA player to reach the status. Michael Jordan, whose net worth Forbes has pegged at $1.7bn, didn't reach billionaire status until 11 years after he retired. Forbes estimated James earned $121.2 million last year, a figure eclipsed only by Lionel Messi, who brought in $130m.

How many cars does Michael Jordan own? ›

On the NBA website, Jordan's biography states, "By acclamation, Michael Jordan is the greatest basketball player of all time." A total of “12” cars are in stock in his garage. I know, you might think that he owns a total number of “23” cars in his garage due to his signature number.

How much does LeBron make off his shoes? ›

18-Year Old LeBron James Rejected $110 Million From Reebok And $70 Million From Adidas, And Signed A 7-Year, $90 Million Deal With Nike: "I'm A Nike Guy." LeBron James is one of the biggest names on the planet. The King has been dominating the NBA for almost 20 years now and has been a superstar his entire career.

How much did Shaq make in the NBA? ›

Much of Shaq's money came through his NBA career. He earned $292 million from his NBA contracts and an estimated $200 million in endorsements while he was playing. Today, much of his wealth comes from the superstar's new business endeavors.

Who is the richest athlete ever? ›

After playing a total of 15 seasons in the NBA, playing for both the Chicago Bulls and Washington Wizards, there's no surprise that Michael Jordan is the richest athlete in the world.

Who is the first athlete billionaire? ›

MICHAEL SCHUMACHER - first billionaire athlete / greatest racer ever / first sports billionaire.

Is Tiger Woods still a billionaire? ›

Forbes reported on Friday that Woods' net worth is believed to be at least $1 billion.

Why is LeBron James so rich? ›

James' basketball career has brought in more than $385 million, according to Forbes, but the lion's share of his wealth comes from his business ventures and endorsements, including with Nike, Walmart, Beats by Dre and the Blaze Pizza chain.

What's the average G league salary? ›

The G championship player's average annual wage is $37,000. Most 10-day contracts are signed for a prorated part of the stage's minimum pay, which implies that most 10-day contract ballers make double their yearly G championship salary in just 10 days in the main stage.

Is Beyonce a billionaire? ›

Is Beyonce a Billionaire? Although Beyonce currently has a net worth of at least $500 million on her own, Jay Z and Beyonce have a total net worth of around $1.5 billion.

Who's the richest NFL player? ›

The list is loaded with quarterbacks, with Tom Brady recently taking over the top spot. Below are the 34 highest-paid players in NFL history, heading into the 2022 season and updated with the help of data from Spotrac.com.

Who is worth more Tom Brady or Gisele? ›

The question everyone wants to know: What is Gisele Bündchen's net worth? Well, according to Celebrity Net Worth, Bündchen is worth $400 million, which is double what her husband Tom Brady is worth. (The site reports that Brady is worth $200 million and has a $30 million salary from the NFL.)

How much is Tom Brady's rookie card worth? ›

The most expensive Tom Brady rookie card—the 2000 Playoff Contenders Championship Ticket Tom Brady Autograph Rookie Card #144—sold for $3,107,132.40 in 2021. Other top Tom Brady rookie cards sold for between $121,200–$312,000.

What is Dennis Rodman net worth right now? ›

Dennis Rodman Net Worth
Net Worth:$500 Thousand
Gender:Male
Height:6 ft 7 in (2.01 m)
Profession:Wrestler, Actor, Basketball player, Athlete, Basketball Coach, Entertainer
Nationality:United States of America
1 more row

What is Donald Trump's net worth? ›

How much is rihanna worth? ›

Does Shaq own Elvis Presley? ›

ABG acquired Elvis' royalties in November 2013 from Elvis Presley Enterprises, which was run by the late music icon's family. This includes a share of all licensing and merchandising related to the star. “I put money back in the company, and now I own all those other brands,” Shaq told Earn Your Leisure.

How many 5 guys Does Shaq own? ›

Since he announced his retirement in 2011, the NBA star has become the owner of 155 Five Guys hamburger establishments, which represented 10% of the total company.

What is Tom Brady's net worth 2022? ›

Tom Brady Net Worth 2022: Biography Income Career Cars
Net Worth:$270 Million
Date of Birth:August 3, 1977
Gender:Male
Height:1.93 m. (6' 4”)
Profession:NFL Player
4 more rows
13 Jun 2022

Who is the No 1 athlete in the world? ›

2020 list
RankNameTotal
1Roger Federer$106.3 million
2Cristiano Ronaldo$105 million
3Lionel Messi$104 million
4Neymar$95.5 million
6 more rows

What sport makes the most money? ›

With only 30 teams in the league and an unrivaled system in place to make money through television, sponsorships, merchandising, and, of course, ticket sales, the NBA is the king of money-making in the sports world.

Who is the richest musician in the world? ›

1. Kanye West. The record for richest musician in the world 2022 is held by Kanye West who has accumulated his huge wealth through music, real estate and brand endorsement.

Who is richer LeBron or Shaq? ›

LeBron James has made the most money from their NBA career, racking up $387,384,119 over the span of his 19-year career. Kevin Garnett, Kobe Bryant, Shaquille O'Neal, and Kevin Durant help to round out some of the other top spots on the list.

Is Tom Brady the richest NFL player? ›

Brady comes out on top thanks to the estimated $45 million he's collecting off the field, more than double the $22 million total of the NFL's next-best pitchman, Mahomes.

Who is the richest rapper? ›

Kanye West

Who is the wealthiest celebrity? ›

Making Jerry Seinfeld one of the world's richest actors. He makes approximately $50 million annually. Actress and investor Jamie Gertz is the richest actor in the world. The '80s star's net worth is estimated to be $3 billion.

Who is the first NBA billionaire? ›

Even though LeBron James is not in the NBA Finals this year, he has about a billion reasons to celebrate. Forbes says at 37, he's the first active NBA player ever to become a billionaire.

Is Steph Curry a billionaire? ›

Stephen Curry is a business mogul. From crypto currency to television shows, the Warriors star has amassed a fortune near the the $160 million according to celebritynetworth.com.

What is Michael Jordan invested in? ›

Some of his investments are Muzik (Headphones), Gigster (Tech), aXiomatic (eSports), Cincoro (Tequila), a car dealership, Cornerstone Restaurant Group, Sportradar, among others. While almost all his investments have reaped benefits, one of them stands out for making billions for him: Sportradar.

What business does Michael Jordan own? ›

Through his investments and proper money management, he has become one of the wealthiest athletes on the planet having a net worth of approximately $1.7 billion. He is also the owner of Charlotte Hornets and owns a major portion of his personal brand under Nike, the Jordan Brand.

What has Michael Jordan done for the world? ›

Michael Jordan is involved with a variety of charities including the Boys' and Girls' Clubs of America, Uncf/College Fund, Special Olympics and a number of other charitable organizations that support children and families.

How many cars does Michael Jordan own? ›

On the NBA website, Jordan's biography states, "By acclamation, Michael Jordan is the greatest basketball player of all time." A total of “12” cars are in stock in his garage. I know, you might think that he owns a total number of “23” cars in his garage due to his signature number.

What is Shaquille O Neal's net worth 2022? ›

As of September 2022, Shaquille O'Neal's net worth is roughly $400 Million, making him one of the richest athletes in the world. What is this? Shaquille O'Neal, aka Shaq, is a retired professional basketball player who is currently serving as a sports analyst.

What percentage does Michael Jordan own of the Jordan Brand? ›

Even though Nike has a huge stake in the Jordan brand's ownership, they are not technically the real owners. That honor goes to one man: Michael Jordan himself. In 2006, it was announced that Jordan would buy out the remaining 49% of the Jordan brand that was owned by Nike.

How many business does Shaq own? ›

Since he announced his retirement in 2011, the NBA star has become the owner of 155 Five Guys hamburger establishments, which represented 10% of the total company. (He would later sell the franchises.) O'Neal also owns 17 Auntie Anne's Pretzels restaurants and has invested in nine Papa John's restaurants.

Who is the richest basketball player? ›

Net Worth: $1.5 Billion

Michael Jordan arguably the greatest NBA-player of all time. Michael Jordan's net worth is estimated to be roughly $1.5 Billion dollars, making him the richest NBA-player in the world.

How much is a LeBron James Worth? ›

LeBron James has added another title to his collection: billionaire. On Thursday, Forbes estimated the Los Angeles Lakers star's net worth at $1 billion.

Does Michael Jordan have a famous quote? ›

"I can accept failure, everyone fails at something. But I can't accept not trying." 2. "My attitude is that if you push me towards something that you think is a weakness, then I will turn that perceived weakness into a strength."

How much money did Lebron James give to charity? ›

Though by no means is James stingy when it comes to giving back: his LeBron James Family Foundation has raised and given a whopping $100 million to at least seven foundations, supporting at least 12 causes.

Why Is Michael Jordan the goat? ›

Jordan has held on to the title of GOAT for the better part of 30 years and to this day his resumé appears untouchable. He won all six of his Finals appearances and won Finals MVP in all of them. He was named regular-season MVP five times, has 10 scoring titles and was named Defensive Player of the Year.

How many times did Michael Jordan get rejected? ›

Michael Jordan, Who Stands at 6'6, Once Got Rejected From a Basketball Side Due to His Height. Michael Jordan is one of the most dominant players ever who influenced millions.

What is the most important thing about Michael Jordan in? ›

American basketball player Michael Jordan led the Chicago Bulls to six National Basketball Association (NBA) championships (1991–93, 1996–98). He was named the NBA's Most Valuable Player (MVP) five times (1988, 1991, 1992, 1996, 1998) and was also named Defensive Player of the Year in 1988.

What is Michael Jordan's favorite shoe? ›

His favorite shoes: Jordan 11s, Jordan 3s, followed by the 12s or 13s.

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