This Is How Much Michael Jordan is Worth

➤ Michael Jordan Net Worth

Legendary basketball player Michael Jordan has become the richest NBA player in history, amassing an estimated net worth of $3.5 billion after selling his majority stake in the Charlotte Hornets, according to Bloomberg.

In June 2023, Jordan reached an agreement to sell his majority stake in the Hornets in a deal valued at around $3 billion, solidifying his position as the wealthiest NBA player to date.

As part of this deal, Jordan retains a minority stake in the team, although it marks a significant change as there are now no Black majority owners in the NBA, according to Axios.

  • Michael Jordan, the basketball legend, boasts a net worth of $3.5 billion as of August 2023, as reported by Bloomberg.
  • Jordan’s majority stake in the Charlotte Hornets was sold in a lucrative deal estimated at $3 billion, as per ESPN.
  • His partnerships with major brands like Nike, Gatorade, and Hanes have contributed substantially to his wealth, with earnings reaching $1.8 billion, according to Forbes.

➤ How Michael Jordan Made His Billions

Throughout his fifteen seasons with the NBA, Jordan clinched six championships with the Chicago Bulls and was named Finals MVP each time.

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He also played for the Washington Wizards in his final two years with the NBA before retiring in 2003, with total career earnings from the NBA amounting to $90 million, as per Forbes.

A major contributor to Jordan’s net worth has been his long-standing partnership with Nike, particularly the iconic Jordan Brand. This partnership has earned him over $1 billion.

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In 2022, the Jordan Brand generated $5.1 billion, and Jordan receives approximately 5% of this total, according to Front Office Sports. Since his initial deal with Nike in 1984, Jordan has accumulated an estimated $1.3 billion, with his first Nike deal being valued at $500,000.

Additionally, Jordan has ventured into a range of businesses and investments, including co-owning the NASCAR team, 23XI, with a reported value of $150 million.

He is an advisor and investor in sports betting company DraftKings, which boasts a market capitalization of around $11.8 billion as of June 2023.

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Jordan is also a co-owner of Cincoro, a luxury tequila brand that has achieved impressive sales and garnered 23 awards at spirit competitions.

Beyond these ventures, Michael Jordan owns several restaurants and even co-owns a tequila brand, Cincoro, with other NBA owners.

The luxury tequila brand, as of 2022, has sold 1.5 million bottles nationwide and claimed 23 awards in spirit competitions. With a variety of bottles ranging from $300 to over $4,500 for a limited edition, Cincoro Tequila has marked a successful venture for the basketball legend.

Furthermore, Jordan possesses his own restaurant chain, Michael Jordan’s Steak House, with locations in Illinois, Connecticut, and Washington.

  1. Bloomberg – Michael Jordan Is the Richest NBA Player Ever With $3.5B Fortune
  2. NBA – Michael Jordan Reaches Agreement to Sell Majority Stake in Hornets to Group Led by Gabe Plotkin and Rick Schnall
  3. ESPN – Sources: Michael Jordan agrees to sell Hornets stake for $3B
  4. Axios – Michael Jordan Cashes in on Hornets Sale
  5. Forbes – The 25 Highest-Paid Athletes of All Time
  6. Forbes – Michael Jordan
  7. NBA – Bulls History: Michael Jordan
  8. Front Office Sports – Nike, Jordan Score With Jordan’s Brand’s Record Haul
  9. Forbes – Michael Jordan Has Made Over $1 Billion From Nike—The Biggest Endorsement Bargain in Sports
  10. Forbes – The Inside Story of How Michael Jordan Became the World’s Richest Athlete
  11. People – All About Michael Jordan’s Parents, Deloris and James R. Jordan, Sr.
  12. IMDB – Air
  13. DraftKings – Michael Jordan Joins DraftKings as Special Advisor to the Board
  14. Cincoro – About
  15. CNBC – The Tequila Brand Founded by Michael Jordan and Other NBA Owners Makes a New Play for the Luxury Market
  16. Cincoro – Reserve Bar
  17. NASCAR – 23XI Racing Team
  18. First Sportz – NASCAR Team 23XI Racing is “Way Better Money” For Michael Jordan than Charlotte Hornets
  19. Michael Jordan’s Steak House – Locations
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