One of the most famous athletes in the world, Michael Jordan is also known as an entrepreneur, spokesperson, and actor. He has accumulated an incredible amount of wealth. Even after his 1993 retirement from basketball, Jordan continues to rake in the dough from endorsements, largely thanks to his partnership with Nike. In fact, Forbes reported that Jordan made an estimated $90 million in 2013 – more than any other active or retired athlete. So what is Michael Jordan Net Worth?
The Jordan Brand continues to grow – one of every two basketball shoes sold in the U.S. in 2012 carried the Jordan brand – and Jordan even weighs in on shoe design and Nike’s Jordan endorsement recipients, including such superstars as Carmelo Anthony and Chris Paul.
Aside from Nike’s whopping earnings, Jordan adds to his net worth with a long-standing endorsement deal with Hanes, Gatorade, and Upper Deck; owns a number of restaurants and a car dealership has made recent deals with 2K Sports and Novant Health. Jordan also owns 80% of the Charlotte Bobcats.
All together, Jordan’s on- and off-court earnings make him the highest-paid retired athlete.
Beyond his NBA salary, Jordan signed an endorsement deal with Nike in 1984 for $500,000 per year for five years, plus stock options. Jordan debuted Air Jordans on the court in 1985; the shoes violated league policy, so the NBA fined Jordan $5,000. Nike paid all of the league’s fines while simultaneously hyping the shoes. Nike’s plan worked.
Within the first year, Air Jordans had produced $100 million in revenue and, together with other Jordan apparel, continues to bring in an estimated $2.5 billion per year for Nike, with Jordan still enjoying the benefits – he gets a cut of every Jordan Brand product sold.
So what is Michael Jordan’s net worth? According to our estimate, Michael Jordan’s net worth in 2021 is approximately $700 Million.
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