Michael Jordan, a basketball legend widely acclaimed as one of the NBA’s greatest players, has recently achieved another remarkable milestone – inclusion in Forbes’ list of the 400 wealthiest Americans, with an estimated net worth of $3 billion.
As of Oct. 3, Jordan holds the 379th position on the Forbes list, making him the first pro athlete to make the top 400.
Throughout his career in the NBA, Jordan generated his substantial wealth mostly through sponsorship deals, not his salary.
Inside Jordan’s Wealth
While his total salary during his time with the Chicago Bulls amounted to $90 million, Jordan’s earnings skyrocketed to $2.4 billion (pre-tax) thanks to partnerships with corporate giants such as McDonald’s, Nike, Hanes, and Gatorade.
In a significant move, Jordan acquired his home state basketball team, the Charlotte Hornets, in 2010 for $275 million before selling it this year for $3 billion. He retains a minority ownership stake in the Hornets.
Jordan’s fame extends to his signature line of sneakers, the Air Jordans, which generated a $6.6 billion in wholesale revenue last year.
Among his diverse business ventures, Jordan’s interest in NASCAR led him to co-found the Cup Series team 23XI, featuring popular driver Bubba Wallace on its roster.
The Hall of Famer is also a special adviser to DraftKings, a sports-betting firm, and became an investor in September 2020.
Make Money, Spend Money
As Finurah previously reported, Jordan is a fishing and boat hobbyist, having at least three multimillion-dollar yachts: an $80 million yacht called Joy, another yacht called Mr. Terrible worth $21 million, and one named Catch-23.
Jordan and his Catch 23 crew brought their boat to the Crystal Coast to participate in the 2021 Big Rock Blue Marlin Tournament. On Day 1, the NBA legend and his team made it to the leaderboard by catching a 25-pound dolphin. They are competing for a $3.4 million prize in the premier fishing event in North Carolina, Business Insider reported.