Michael Jordan Net Worth

Net Worth: $1000 Million

  • Full Name: Michael Jeffrey Jordan
  • Born: 02/17/1963
  • Birthplace Brooklyn, New York
  • Occupation: Athlete
  • Marital Status: Married

Michael Jordan’s net worth history

When Michael Jordan signed an agreement to endorse Nike shoes in 1984 he gave us a glimpse of the business savvy that would one day make him the wealthiest athlete or former athlete in the world. At the time the $500,000. that Jordan was to receive annually was the most any player had ever been paid for a shoe endorsement. Jordan was also given stock options which put his total compensation package well above seven million dollars. Although Jordan had an illustrious basketball career a relatively small portion of his net worth cane from playing basketball. He did become the highest paid player in NBA history, at the time, when he received over thirty million dollars for the 1996 -1997 season. Jordan’s total NBA earnings, over a 16 year career topped ninety million dollars. MJ became the first former NBA player to own a league franchise when he became majority owner of the Charlotte Hornets (formerly Bobcats) in 2011. He had previously been a minority owner of the Washington Wizards. Currently the Hornets are Jordan’s largest single asset. Most of his annual earnings, however, come from his association with Nike shoes. In 2014 Jordan’s earnings from Nike were an estimated one hundred million dollars. The partnership between the basketball star and the shoe company has been mutually beneficial. For the past two years Nike Jordan brand shoes have held over 50% of market share. Michael Jordan also earns money from endorsing other products including Gatorade and Hanes underwear.

About Michael Jordan

Michael Jordan is universally regarded as one of the best basketball players of all time. A sizable number of experts consider him the undisputed best. It’s easy to see why when one considers the awards and accolades he earned in his storied 16 year NBA career. including:

— Six NBA championships

— Six times named NBA finals Most Valuable player.

— Five times named league MVP

— First team all star ten years,

— 14 times selected to play in the NBA all star game.

— Nine times named to the leagues All star defensive team.

In addition to the above Jordan is remembered for his selection as the 1988 defensive player of the year. His reputation as a clutch player is well founded. In the course of his professional career MJ is credited with winning games in the last half minute of the contest no less than twenty five times. This included several times in the NBA finals and other playoff games. His game winning shot as a freshman to win the NCAA championship for North Carolina against Georgetown in 1982 was one of the first clues of the talent and resolve under pressure that he possessed.

In 1993, following the third straight championship of the Jordan led Chicago Bulls, Jordan’s father was murdered in a carjacking robbery. This may have played a part in Jordan’s decision to retire. He couldn’t stay away for long though, and came out of retirement in 1995. One of the most peculiar periods in Michael’s life took place during that first retirement (there have been three of them). Citing a dream his father held that he (Michael) would be a Major league baseball player, Jordan signed a contract with the Chicago White Sox and was sent to their Birmingham Barons AA affiliate team. The baseball experiment was brief. Apparently remembering where his true talents lay, Jordan gave up baseball in the spring of 1995 and announced his return to basketball shortly after.

Michael Jordan retired for the second time after the 98-99 season. This was after he had led the Chicago Bulls to another three straight championships in 1996, 97 and 98. He became a minority owner of the Wizards in 2000 and came out of retirement to play for them in the 01-02 and 02-03 seasons. In his last season he was named to the all star team for the 14th time. That final season Jordan averaged over 20 points, 6 rebounds 5 assists and 1.5 steals per game. He turned 40 that year.