It has been over 14 years that Michael Jordan retired from the NBA. But there are very few people on this planet who do not know the name of the 54-year-old god of basketball. When the word basketball comes, then the name Jordan is always acknowledged.
Along with fame, Michael Jodan earned a lot of money throughout and after his career. Jordan's 2018 net worth is a staggering $1.39 billion. He is one of a handful of people, let alone players, in the three-comma club.
Michael Jordan in action
Michael Jordan is widely regarded as the greatest basketball player of all time. Jordan was the most favored and popular and expensive player of his time, becoming NBA's highest-paid player twice.
But Jordan went on to earn a lot of money even after the end of his career. In the world of sports, where many top-class players go bankrupt a few years after retirement, Jordan is one of the players whose net worth went on increasing even after his retirement. We all know about Nike's shoe line Jordan that represents more than half of the basketball shoe market. Nike is also a major reason for the increase in the net worth of Michael Jordan.
Michael Jordan's Net Worth
We mentioned earlier that Jordan's 2018 net worth is more than a billion dollar. According to the current data provided by Forbes, of Jordan's $1.39 billion net worth, $1.3 billion comes from his corporate partnerships and endorsements, like the one with Nike, which is also endorsed by players like Blake Bortles, LeBron James and Tiger Woods.
Young Michael Jordan
Talking about his current endorsement deals, he has multiple contracts with Nike, Gatorade, Mcdonald's, Coca-Cola, Wheaties and more. In 1997 alone, Jordan made $78 million only from his endorsements. And the amount has increased with time.
Billionaire Michael Jordan
Jordan's net worth is mostly backed up by Nike, which generates around $3 billion a year just from the Jordan brand. The Jordan brand covers over 50% of the basketball shoe market and Jordan earned from Nike $100 million in 2016 alone. Jordan was The highest paid athlete of all time with a gross earning of $1.7 billion between 1984 and 2016, according to Forbes.
Classic reimagined for Spring ’18. https://t.co/IyXzYvFKpf
— Jordan (@Jumpman23) January 16, 2018
In the 15-year career in the Chicago Bulls and Washington Wizards, Jordan's total earnings were $93 million from club salaries. His top earnings as a player were $78 million in a single season in 1997. And from his endorsements, he received $117 million at today's rate during the year.
Michael Jordan's Cars
Michael Jordan seems to be a car lover as he has a collection of cars including the Ferrari 512 TR, which costs $239,900. It is his favorite car among all. He also owns a Mercedes McLaren SLR.