How Michael Jordan Became the Wealthiest Former Pro Athlete in the World
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How Michael Jordan Became the Wealthiest Former Pro Athlete in the World

Michael Jordan has been a household name for over 35 years for his supreme athleticism and motivational outlook on life and success. He’s considered to be one of the greatest NBA players of all time and has become the wealthiest former professional athlete in the world with an estimated net worth of $1.6 billion, according to Forbes.

Jordan played 15 seasons in the NBA and won six championships with the Chicago Bulls. During that stint, his total salary was $90 million.

As an athlete, Jordan made history when he brokered a Nike endorsement deal for $500,000 per year plus stock in the company, according to Celebrity Net Worth. Jordan became a major influence on the success of the brand’s sneaker sales and went on to build the billion-dollar Jordan shoe brand. Today, he reportedly makes $4 per shoe sold totaling up to $120 million annually. 

Since retiring in 2003, he has made over $100 million per year from endorsement royalties and partnerships with Nike. In addition, he’s also had endorsement deals with Gatorade, Hanes, and more, according to Celebrity Net Worth. He’s also made a few TV and film appearances. Most recently, his docuseries “The Last Dance” chronicling his career made approximately $4 million — a portion of which he donated to charity, according to Sportscasting.

Jordan’s investments have also helped him become a billionaire. In 2010, he bought a majority stake in the Charlotte Hornets NBA franchise worth $175 million and sold it in 2019 for $1.5 billion, according to Forbes. 

Business Insider reports the self-made billionaire has big plans for his wealth including more philanthropy, business, and investments. 

*Other publications estimate his net worth to be up to $2.2 billion.