Michael Jordan On Forbes List of 400 Richest People

The NBA icon now has an estimated net worth of $3 Billion.

NBA legend Michael Jordan is hailed as one of the greatest players of all time and off the court, he is one of the most successful businesspeople – and apparently Forbes magazine agrees..

According to CBS News, Jordan has been named to Forbes’ 400 list at number 379 with an estimated net worth of $3 billion. The former Chicago Bulls superstar is joined by  LeBron James and Tiger Woods as the only former athletes to accumulate wealth of more than $1 billion.

Jordan’s wealth dramatically increased when he sold the Charlotte Hornets to a group led by Gabe Plotkin and Rick Schnall in June after being the sole owner of the team for 13 years. The sale was valued at $3 billion. He purchased majority ownership of the team in 2010 for $275 Million.

In addition to his investments in team ownership, Jordan owes much of his wealth to his partnership with Nike. Reportedly, he receives $260 Million annually in royalties from Nike for his hugely successful Jordan brand. Other endorsement deals with McDonald's Hanes, Upper Deck, and Gatorade.

Michael Jordan on BET Buzz 2020.

Michael Jordan To Sell Charlotte Hornets After 13 Years as Majority Owner

As a philanthropist, Jordan gave a $10 million donation to Make-A-Wish America in honor of his 60th birthday which is the largest gift in the history of the foundation. In 2021, he gave $10 million to Novant Health for two new health clinics in North Carolina.

In his famed career, Jordan won six championships, six NBA Finals MVPs, and five regular season MVPs as a member of the Chicago Bulls. He played his final two seasons with the Washington Wizards.

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