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Michael Jordan Net Worth, Salary and Endorsements

Michael Jordan net worth is estimated at around $1.6 billion at the moment. He also became the first athlete to be worth a billion dollars. Here we look at his net worth, salary, contracts and endorsements here.

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Last updated: 26.08.2021
Michael Jordan Net Worth

Michael Jordan is an American businessman and former professional basketball player. He is the majority owner and chairman of the Charlotte Hornets of the NBA and 23XI Racing of the NASCAR Cup Series. He was a 15-year NBA veteran who won six championships with the Chicago Bulls. In the 1980s and 1990s, he was instrumental in popularizing the NBA around the world, becoming a global cultural icon in the process. Jordan became the NBA's first billionaire player in 2014.


Jordan won his first NBA championship with the Bulls in 1991, then repeated the feat in 1992 and 1993 to complete a "three-peat." Jordan left basketball to play Minor League Baseball before the 1993–94 NBA season, but returned to the Bulls in March 1995 and led them to three more titles in 1996, 1997, and 1998, as well as a then-record 72 regular-season wins in the 1995–96 NBA season. He retired for the second time in January 1999 but returned to the NBA for two more seasons with the Washington Wizards from 2001 to 2003.


Net Worth:


Michael made a total of $93.7 million in compensation throughout his NBA career. He was the first athlete in history to receive a salary of more than $30 million a year. He earned $30.14 million in basic pay during the 1996-1997 season to attain this milestone. Jordan's net worth was projected to be $2.1 billion in 2020, according to Forbes, making him the world's richest retired professional athlete. He also became the first athlete to be worth a billion dollars. Michael Jordan, on the other hand, had his worth plummet by $500 million between 2020 and 2021. His net worth at the moment is 1.6 billion dollars.


Salary over the years:


1984-1985    $550,000

1985-1986    $630,000

1986-1987    $737,500

1987-1988    $845,000

1988-1989    $2,000,000

1989-1990    $2,250,000

1990-1991    $2,500,000

1991-1992    $3,250,000

1992-1993    $4,000,000

1993-1994    $4,000,000

1994-1995    $3,850,000

1995-1996    $3,850,000

1996-1997    $30,140,000

1997-1998    $33,140,000

2001-2002    $1,000,000

2002-2003    $1,030,000


NBA Career:


The Chicago Bulls chose Jordan third overall in the 1984 NBA draft. During his debut season, he was named the NBA Rookie of the Year. He immediately rose to prominence in the league, dazzling fans with his prolific scoring while also earning a reputation as one of the game's greatest defenders. Jordan won his first NBA championship with the Bulls in 1991, and he added championships in 1992 and 1993 to his resume. In 1996, 1997, and 1998, he guided them to three more titles, as well as a then-record 72 regular-season wins in the 1995–96 NBA season. 


Six NBA Finals Most Valuable Player (MVP) Awards, ten scoring titles (both all-time records), five MVP awards, ten All-NBA First Team honors, nine All-Defensive First Team honors (a joint record), fourteen NBA All-Star Game selections, three All-Star Game MVP Awards, three steals titles, and the 1988 NBA Defensive Player of the Year Awa Award are among Jordan's individual accolades and accomplishments. Jordan was elected into the Naismith Memorial Basketball Hall of Fame twice, once for his individual career in 2009 and again in 2010 as a member of the United States men's Olympic basketball team in 1992.


Michael Jordan became the team's second-largest stakeholder after majority owner Robert L. Johnson on June 15, 2006, when he purchased a minority position in the Charlotte Bobcats (now known as the Hornets). Jordan was rumored to be pursuing controlling ownership of the Bobcats in February 2010. The Bobcats announced on February 27 that Johnson had struck a deal to sell the franchise to Jordan and his company, MJ Basketball Holdings. As a result, he became the first former NBA player to hold a controlling stake in a franchise.


Endorsements:


Michael Jordan has endorsed several corporate products throughout his illustrious career, including Nike, Gatorade, Wheaties, McDonald's, Coca-Cola, Chevrolet, Ball Park Franks, Rayovac, Hanes, and MCI. Jordan has endorsement relationships with Upper Deck, 2K Sports, and Five Star Fragrances, among others. He is the owner of a vehicle dealership as well as seven eateries. Following Nike, Gatorade was one of his first major endorsement deals, one that would become a career cornerstone for Jordan.


Profile:


Name

Michael Jordan

Age

58

Gender

Male

Endorsements

$1.4 billion

Net Worth in Dollars

$1.6 billion

Net Worth in Rupees

16,500 crore

Sponsors

Nike, Gatorade, Wheaties, McDonald's, Coca-Cola, Chevrolet, Ball Park Franks, Rayovac, Hanes, and MCI.



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