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.
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.
- Princess Love Files For Divorce From Ray JThe star of "Love & Hip Hop Hollywood" broke the news on Instagram.02/26/2024
- 5 Things We Learned From the ‘Where Is Wendy Williams?’ DocuseriesThe two-part doc revealed much about the former TV show host's struggles with health, finances, and her bitter divorce.02/26/2024
- ‘Peetah’ Morgan Of Morgan Heritage Reggae Band Dies at 46No cause of death has been revealed.02/26/2024
- Ayo Edebiri And Da'Vine Joy Randolph Both Snag 2024 SAG AwardsLet’s show these sistas some love for their history-making achievements.02/26/2024
- Quavo Responds To Fan With Back Tattoo of Rapper's FaceThe loyal fan showed the Atlanta rapper his tribute to him in Milan, Italy.02/26/2024
- Jeffrey Wright Delivers Stirring Tribute To His Family At 2024 Spirit Awards“I am nowhere without you,” said the actor.02/26/2024