Michael Jordan’s Net Worth 2020 | All you need to know

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Michael Jordan's Net Worth 2020

Michael Jordan(MJ) is a former basketball player and is considered one of the greatest ever to play the sport. MJ was born in Brooklyn, New York, the United States, on 17th Feb 1963.

Here are the details about Michael Jordan’s Net Worth in 2020 and all you need to know.

Birth and Personal Life

Michael Jordan family

Michael Jordan is the fourth child of James Jordan and Deloris Jordan. Michael’s father was a General Electric plant supervisor, and his mother used to work at a bank. Michael had four siblings, including two brothers and two sisters. When MJ was young, his family had moved to Wilmington, North Carolina. Michael’s father was murdered in 1993 beside a road in North Carolina.

MJ got married to Juanita Vanoy in 1989. Jordan told the Chicago Tribune, “I’m happy. It was a big move getting married.” The couple files divorce in 2006 after his NBA career has ended.

He’s currently married to model Yvette Prieto. MJ and Prieto met at a Miami nightclub in 2008 and later got married in 2013.

Career

Michael Jordan career

Michael Jordan played 15 seasons in the NBA for the Chicago Bulls and the Wizards, winning six titles in total with the Bulls. MJ’s career averages in 1072 regular-season games were 30.1 points, 6.2 rebounds, and 5.3 assists. He has won a total of 5 MVPs. He was also selected to play in the 14 All-Star Games and was elected to the hall of Fame in 2009.

Net Worth

Michael Jordan nike deal

Michael Jordan is ranked #1001 among the wealthiest people on the planet by Forbes. According to Forbes, Jordan’s net worth is $2.1 billion as of April 2020. 

Michael Jordan, the greatest basketball player of all time, had the NBA’s top salary only twice in 15 seasons. But a historic Nike deal and investment is a philandering NBA franchise, made him the world’s richest athlete with a 2.1 billion-dollar fortune.

Michael Jordan earned $90 million during 13 seasons with the Chicago Bulls and two years with the Wizards, plus another $4 million from the Bulls when he sat out to play baseball minorly.

It wasn’t until his 12th season, with 4 NBA titles and MVP awards, that Jordan was finally awarded the league’s top salary. He got $33.1 million the next year, before retiring at the end of 1997-98 season.

While the NBA made Jordan famous, his sponsors made him very very rich. He earned $1.7 billion in endorsements off the basketball court, and still, represents top brands in retirement. Nike was by far his biggest sponsor and moneyer.

Jordan’s first 5-year deal, signed in 1984, was worth $500,000 annually plus royalties. Nike build the Jordan brand into a massive stand-alone business. Nike’s share of the US Basketball performance shoe market, which includes the Jordan brand, was around 90% in 2019. Jordan’s take from last year, a $130 million.

In 2006, Michael Jordan bought a minority stake in the Charlotte Bobcats, which has been renamed to Charlotte Hornets afterward.

In 2010, Jordan took majority control of the team, and the deal valued at a $175 million. Eventually, he raised his stake to 90%. Jordan cashed some of his Hornets equity in September when he agreed to sell roughly 20% of the team at $1.5 billion valuation.

Michael Jordan Axiomatic Team Liquid

While the Hornets are by far Jordan’s most significant investment, he’s invested in SportRadar, Gigster, Muzik, and aXiomatic, which is the parent company of Team Liquid, an eSports squad, recently valued at $320 million.

On top of that, his stake in Tequila brand Cincoro, his investment in the MLB’s Miami Marlins, his partnership in Cornerstone Restaurant Group, and lest we forget, his ownership of a car dealer in Carolina.

Jordan’s diversification has secured him quite the fortune. Most billionaires have lost money between 2019 and 2020, but not MJ.

In the last 12 months, his net-worth shot up by $300 million. Thanks to the higher valuation of the Hornets and $145 million in earnings, mainly from Nike.

LifeStyle

Expensive Houses

Michael B Jordan house

MJ has a thing for expensive homes. He owns a number of homes across the US, including a massive mansion in Chicago, for which he spent around $29 million. He also spent about $12.8 million to build his “dream home.”

Not only that, but he also spent around $2.9 million on a house to spend time during the NBA season.

Private Jet

Michael Jordan jet 1

Michael Jordan owns one of the most popular celebrity private jets in the world. The plane, a Gulfstream G-IV (N236MJ), has the signature Jordan’s Jumpman logo on it along with his jersey number 23.

Cars

MJ is a huge fan of big toys. We are talking about cars and bikes.

MJ owns a lot of expensive cars which includes a fast Ferrari 512 GTR (license plate “M-Air-J”), a lot of different Porsches (including the 993, 964, 930 and 911), an Ashton Martin DB7 Volante, Mercedes McLaren SLR 722 edition and Ferrari 599 GTB Fiorano and the list goes on. The numbers are quite huge.

Yacht

Michael Jordan yacht

Michael Jackson owns a 154-feet (length) yacht. It’s a massive yacht and is nicknamed “Mr. Terrible”. The Yacht cost is around $50 million and can be rented for around $200k for a week. 

Fascinating facts about Michael Jordan

Even though Jordan never played for Miami Heat, the team decided to retire its number 23 jersey when he decided to retire from the game in 2003. He was that great during his time.

The billionaire athlete is also the first athlete in history to become a billionaire.

Michael Jordan was invited by Kim Jong-il, needless to say, MJ never paid a visit to North Korea.

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