Net Worth: $3 Billion
What Is Michael Jordan’s Net Worth?
ProShooter / Depositphotos.comMichael Jordan’s net worth in estimated between $3 billion and $3.5 billion. While Jordan is often referred to as the G.O.A.T (Greatest Of All-Time) within the NBA, most of his current fortune has been earned from his minority stake in Nike and the sale of his NBA team, the Charlotte Hornets.
In 2014 Michel Jordan became the first professional athlete to have a $1 billion net worth.
Let’s take a close look at Michael Jordan’s net worth to see how he went from around $100 million in total NBA salary to topping the list of the richest athletes in the world.
What Was Michael Jordan’s NBA Salary?
Thousandwords / Depositphotos.comMichael Jordan’s net worth isn’t tied very closely to the money he earned in the NBA as a player.
In total, Michael Jordan’s entire NBA salary was just $86.76 million or around $171 million in today’s money.
It was Jordan’s fine two seasons with the Chicago Bulls that earned more than 60% of his total salary. In those two seasons, he earned a total of $63.28 million.
Here are Michael Jordan’s salaries according to Hoopshype.
| SEASON | TEAM | SALARY | ||
|---|---|---|---|---|
| 2002/03 | Washington Wizards | $1,030,000 | ||
| 2001/02 | Washington Wizards | $1,000,000 | ||
| 1997/98 | Chicago Bulls | $33,140,000 | ||
| 1996/97 | Chicago Bulls | $30,140,000 | ||
| 1995/96 | Chicago Bulls | $3,850,000 | ||
| 1994/95 | Chicago Bulls | $3,850,000 | ||
| 1993/94 | Chicago Bulls | $4,000,000 | ||
| 1992/93 | Chicago Bulls | $4,000,000 | ||
| 1991/92 | Chicago Bulls | $3,250,000 | ||
| 1990/91 | Chicago Bulls | $2,500,000 | ||
| Total | $86,760,000 |
How Much Does Michael Jordan Earn From Nike?
Thousandwords / Depositphotos.comWhile Michael Jordan and Nike are best known for their work together on the Air Jordan sneakers lineup, the NBA’s greatest player of all time has an extended brand partnership with Nike for the Jordan Brand.
In the 2022 fiscal year, Jordan Brand earned $5.1 billion. Michael Jordan’s ownership in the Jordan Brand earned him a payout of $256 million for a single year.
Jordan started his Nike agreement in 1984 and was paid $2.5 million for a five-year deal. It was a record amount of money at the time but pales in comparison to even some of today’s average deals.
It wasn’t until 1997 that the Jordan Brand launched and according to Centuro Global, as of 2020, Michael Jordan had earned $1.3 billion from Nike.
Throw in his 2022 earnings and any other missing financial data and Jordan’s total take home from Nike may have already surpassed $2 billion.
How Much Did Michael Jordan Earn From The Charlotte Hornets?
ChinaImages / Depositphotos.comIn 2006, Jordan purchased a minority stake in the Charlotte Bobcats (now the Charlette Hornets), and he took majority ownership in 2010 for an estimated $180 million.
On August 3, 2023. Michael Jordan unloaded his majority stake in the team for $3 billion, The sale increased Michael Jordan’s net worth by a cool $2.25 billion. That’s a hefty return on his investment over 13 years.
Michael Jordan’s Brand Endorsement Deals
ProShooter / Depositphotos.comMichael Jordan’s net worth has increased rapidly thanks to brand endorsement deals. Some of those deals, even years after his NBA retirement, are still earning millions for the former NBA player.
TheThings notes that, outside of Nike, there are five other brand deals that have earned big money for Michael Jordan.
| Company | Earnings |
|---|---|
| Hanes | $14 Million |
| Gatorade | $14 Million to $18 Million |
| Upper Deck | $14 Million |
| 2K Sports | $2.5 Million |
There are many other brand deals where Jordan’s salary has not been made publicly available. Michael Jordan’s lineup of big brand endorsements includes McDonald’s, Ball Park Franks, Rayovac, and Wheaties.
Here’s a throwback to Jordan’s early product endorsement days with his detective role in a Rayovac commercial.
Michael Jordan’s time with most of those companies has long come to an end. Of course, with a partner like Nike paying Jordan hundreds of millions per year, he doesn’t need to endorse any other products.
Michael Jordan’s net worth has been increasing rapidly over the past several years. While his Charlotte Hornet’s sale is a one-time deal, his Jordan Brand is more popular than ever and likely to add billions to Jordan’s fortune in the years ahead.
