Michael Jordan's Net Worth Is Now Officially $1.9 Billion

By on June 7, 2019 in ArticlesSports News

Whenever there's a discussion about the greatest NBA player ever, Michael Jordan's name comes up. And for good reason: Jordan led the league in scoring ten times, made nine NBA All-Defensive First Teams, won five MVPs and had a perfect 6-0 record in the NBA Finals.

But perhaps the most surprising thing? For all his accomplishments, Jordan made just $90 million in salary over his career.

That didn't stop him from building a fortune, though – Jordan's net worth is now $1.9 billion.

The bulk of Jordan's wealth comes from two sources: his Jordan Brand apparel and the Charlotte Hornets.

Nike founder Phil Knight signed Jordan when he was a rookie in 1984. Knight spent just $250,000 to secure the guard out of UNC. Jordan had actually preferred Adidas, but the company didn't want to sign any players under seven feet tall.

Chip Somodevilla/Getty Images

As you may have guessed, that was a poor choice on Adidas's part. Jordan dominated the shoe market, and his Jordan Brand brings in more than $3 billion in revenue every year.

Meanwhile, Jordan bought a minority stake in the Hornets in 2006. He purchased the majority of the team in 2010 for $175 million.

Despite making the playoffs just three times since Jordan purchased an ownership stake, the team's value has continued to rise. The team is now worth more than a billion dollars, and Jordan owns 90 percent. And the value of NBA franchises isn't going to slow down anytime soon, so Jordan's net worth will continue to rise.

On top of Jordan Brand and the Hornets, Jordan has sponsorship deals with several companies. Most notably, he's partnered with Hanes for more than 30 years, as well as Gatorade and Upper Deck.

Jordan only partners with brands he believes in, and it's hard to fault his strategy. He's earned an estimated $1.85 billion from his endorsements, far more than any other athlete.

As a result, Jordan will very likely be worth $2 billion within the next year. Even if you don't think he's the greatest basketball player of all time, it's hard to deny he's been the greatest earner.

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