Michael Jordan: Net worth, Early life, Earnings, Real Estate and Wife 

Michael Jordan has an estimated net worth of $2.2 billion, making him the world’s richest NBA player. “By acclamation, Michael Jordan is the greatest basketball player of all time,” according to his official NBA website biography.

Michael Jordan: Net worth, Early life, Earnings, Real Estate and Wife

Michael Jordan: Net worth, Early life, Earnings, Real Estate and Wife 
(Source: Wikipedia)
Net Worth:$2.2 Billion
Date of Birth:Feb 17, 1963 (59 years old)
Gender:Male
Height:6 ft 5 in (1.98 m)
Profession:Basketball player, Athlete, Spokesperson, Entrepreneur, Actor
Nationality:United States of America
  • What is Michael Jordan’s net worth?

Michael Jordan is a retired basketball player, team owner, product endorser, and entrepreneur from the United States. Michael Jordan has an estimated net worth of $2.2 billion.

Michael Jordan is still arguably the most popular basketball player in the world. He is the player and person who all other up-and-comers are measured against.

Jordan led the Chicago Bulls to six NBA titles. He has won the league MVP award five times. On September 11th, 2009, he was inducted into the Hall of Fame for having the highest career scoring average of all time.

As you are probably aware, Michael did not become a billionaire as a result of his NBA earnings. Michael earned a total of $93.7 million in salary during his NBA career.

By the time LeBron James retires, he will have earned more than $500 million in NBA salary. Michael Jordan was a high-paid NBA player at the time, but he missed out on the mega-contracts that came decades later.

Michael was the first athlete in history to be paid more than $30 million per year. He achieved this feat during the 1996-1997 season, earning $30.14 million in base salary.

He earned $33.14 million the following season. After adjusting for inflation, that equates to $53.4 million today.

Michael has consistently been one of the highest-paid celebrity endorsers throughout his career and in the years since his retirement.

He has earned $1.4 billion in endorsement fees to date. Even though he hasn’t played professional basketball in nearly two decades, Michael now earns $100 million per year from endorsements and other business ventures.

Please keep in mind that he earned more in a single year than he did in 16 NBA seasons. Michael earns at least $60 million per year solely from Nike/Jordan brand royalties.

Despite endorsements and salaries, Michael became a billionaire due to his ownership stake in the Charlotte Hornets NBA team. In 2010, he paid $175 million for a majority stake in the team.

Michael became a billionaire for the first time in June 2014, when it was revealed that he had increased his ownership stake in the team, then known as the Bobcats, to 89%.

In 2019, he sold a minority stake in the company to an investment group for $1.5 billion. We will go over this investment in greater detail later in this article.

  • When and where was Michael Jordan born?

Michael Jeffrey Jordan was born in Brooklyn, New York on February 17, 1963. His mother, Deloris, was a finance professional, and his father, James R. Jordan Sr., was an equipment supervisor. Michael’s family relocated to Wilmington, North Carolina, when he was a toddler.

Michael attended Emsley A. Laney High School in Wilmington, where he participated in basketball, baseball, and football.

He famously tried out for the varsity basketball team as a sophomore but was turned down because he was “only” 5 feet 11 inches tall. Enraged by the rejection, MJ dedicated himself to excelling on the Junior Varsity team. He grew four inches over the summer between his sophomore and junior years, earning him a spot on the varsity squad.

Michael lit up the varsity team, averaging 25 points per game his junior and senior years. He was chosen as a senior to play in the 1981 McDonald’s All-American Game, where he scored 30 points.

  • Earnings

Michael’s net worth in 2006 was around $450 million after taxes, divorce settlements, and other lifestyle costs. The same year, he purchased a minority stake in the Charlotte Bobcats of the NBA.

He was the team’s second-largest individual owner at the time, trailing only BET founder Robert Johnson. Michael paid $175 million to buy out Robert’s stake in the team in 2010. Michael now owned 80% of the team as a result of this transaction.

Michael increased his ownership stake yet again in June 2014, this time from 80% to 89.5%. At the time, the newly renamed Hornets were valued at $500 million, with $135 million in debt.

Michael sold a small portion of his stake to hedge fund managers Gabe Plotkin and Daniel Sundheim in 2019 for $1.5 billion.

  • Real Estate

Today, Michael’s primary residence is an opulent mansion in Jupiter, Florida. The 26,000-square-foot, 11-bedroom mansion sits on three acres in Jack Nicklaus’ ultra-exclusive Bear’s Club community. He paid $4.8 million for the lot in 2011, then spent two years and $7.6 million building his dream home.

Michael paid $2.8 million in March 2013 for a massive compound on a lake in Charlotte, North Carolina. Michael Jordan’s lake house in Charlotte is 12,310 square feet and has six bedrooms and eight bathrooms.

The interior has vaulted ceilings, marble and hardwood floors, multiple fireplaces, an elevator, and some bathrooms have jacuzzi tubs.

Floor-to-ceiling windows provide breathtaking views of the nearby lake from almost every room in the house. Outside, there is a pool and a pier leading to a lakeside gazebo.

Michael also owns a luxury condo in the city to be close to his Hornet, as well as a property in Salt Lake City, Utah.

  • Wife

In September 1989, Michael married Juanita Vanoy. They shared three children. After 13 years of marriage, Michael Jordan filed for divorce from Juanita Jordan in 2002, and he was eventually forced to pay her a $168 million divorce settlement.

Since April 2013, Michael has been married to Cuban American model Yvette Prieto. In February 2014, she gave birth to their identical twin daughters.

Frequently Asked Questions

  • How tall and weight is Michael Jordan?

Michael Jordan is 6’6″ (1.98m) tall 198 lbs (89.8 kg) weight.

  • Is Michael Jordan in the Hall of Fame?

Michael Jordan was inducted to the Hall of Fame as a Player in 2009.

  • When was Michael Jordan drafted?

Michael Jordan was drafted by Chicago Bulls, 1st round (3rd pick, 3rd overall), 1984 NBA Draft.

  • What position did Michael Jordan play?

Shooting Guard and Small Forward.

  • When did Michael Jordan retire?

Michael Jordan last played in 2003.

  • How much did Michael Jordan make?

Michael Jordan made $33,140,000 in 1998.

  • What did Michael Jordan average?

Michael Jordan averaged 30.1 points, 6.2 rebounds, and 5.3 assists per game.

  • How many rings does Michael Jordan have?

Michael Jordan won 6 championships.

  • What schools did Michael Jordan attend?

Michael Jordan attended Emsley A. Laney in Wilmington, North Carolina and UNC.

  • What are Michael Jordan’s nicknames?

Mike, Air Jordan, M.J., His Airness, Money, Black Cat, Mr. June, G.O.A.T., Superman, Captain Marvel, Black Jesus are nicknames for Michael Jordan.