Michael Jordan increased his net worth by nearly 66 percent after selling his majority stake in the Charlotte Hornets. The NBA franchise sold for over $3 billion, bringing MJ’s total net worth to nearly $5 billion, making him the highest-paid athlete of all time.
After selling his largest stake in the Charlotte Hornets, Michael Jordan’s net worth is expected to exceed $4.93 billion, making him the highest-paid athlete of all time.
Jordan is expected to make more than $2 billion from the sale of his NBA franchise, more than the six-time NBA champion made from his lifetime deal with Nike.
Throughout his NBA career, Jordan has landed his fair share of endorsement deals, which have greatly increased his net worth and helped him land an NBA franchise.
Michael Jordan net worth in 2023
Currently, Jordan’s net worth estimated at Forbes is around $2 billion. However, that number does not include his latest sales to the Charlotte Hornets franchise.
Jordan made an estimated $1.8 billion from his partnerships with Nike, Hanes, and Gatorade before taxes. In addition, Jordan still receives revenue from Nike, which is about 5%.
Other than basketball, Jordan has other investments, including co-ownership in a NASCAR 23Xl racing team.
How much salary did Michael Jordan make in the NBA?
During his 19 years in the NBA, Jordan earned $93.9 million in NBA contracts.
However, 66.3 percent of that number ($63.2 million) came in his last two years in the league.
He earned $30.1 million in the 1996-1997 season and $33.1 million for the 1997-1998 season. In both seasons, Jordan won a championship and then retired soon after.
Jordan’s popularity played a large role in the explosive growth of the National Basketball Association in the 1990s. As a result, the majority of Jordan’s NBA earnings have come in his last two seasons with the Chicago Bulls.
Today, NBA stars can make up to $272 million on a max contract, due in large part to Jordan’s contributions to the league.
How much did Michael Jordan make from Nike?
Nike transformed the world of basketball shoes when it signed Michael Jordan. However, Jordan also got a deal he couldn’t pass up. Nike’s final agreement paid Jordan $2.5 million over five years plus a royalty on items sold and a long-term safety package.
In a rare win, the partnership was profitable for both as Nike became the largest shoe brand of all time. In 2022, Nike will be worth more than $174 billion. With Jordan’s help, Nike launched the Jordan brand, which reached more than $5 billion in sales in 2022, allowing MJ to make an estimated $150 million.
Jordan earned an estimated $1.7 billion with the shoe brand during the course of the Nike deal.