When it comes to the greatest of all-time list, names like Lionel Messi, Cristiano Ronaldo, Sachin Tendulkar, Jon Jones, and Tom Brady come to mind. Similarly, Michael Jordan, one of the biggest athletes of the last century, is certainly among the biggest names in the sporting world, where he jumped high, just as he did on the court. With his NBA journey and business acumen, he became one of the richest athletes in the world, amassing not millions but a $3 billion net worth. Here are all the details on how MJ made his $3 billion fortune.
How Michael Jordan Made $3 Billion Net Worth
The greatest basketball player of all time had the NBA’s top salary only twice in 15 seasons. However, a historic Nike deal and an investment in an NBA franchise made him the world’s richest athlete with a $3 billion fortune.
Speaking of his riches, he earned $90 million in 13 seasons with the Bulls and 2 years with the Wizards. Before retirement, he was earning the top salary in the league, raking in $33 million in one season, thanks to his MVP records and the trophies he helped lift for his team. Additionally, he made $4 million when he played Minor League Baseball.
Not just in the NBA, but his sponsorships played a significant role in making him rich and famous. According to Forbes reports, he earned over $1.7 billion from endorsements off the court and continues to represent major brands despite retiring long ago.
Nike stands out as the biggest contributor from sponsorship, with his earnings from the Nike contract increasing significantly over the years, ranging from a $500,000 deal to an impressive $130 million per year.
Read More: Conor McGregor Quotes: Best 15 Inspirational Lines From The Richest MMA Superstar
Indeed, in 2010, he took majority control of the Charlotte Hornets in a deal valued at $170 million. Subsequently, he sold a 20% stake at a $1.5 billion valuation in 2019. Beyond the Hornets, he invested in companies such as Sportradar, Gigster, Muzik, and Axiomatic. Moreover, he expanded his portfolio with ventures into restaurants, a tequila company, and ownership of a car dealership in North Carolina.
Altogether, these diverse business endeavors have contributed to his impressive fortune of $3 billion. And superstars like Conor McGregor inspires from him to build billion dollar fortune.
