Michael Jordan Net Worth: Early Life, Investments & Endorsement Earnings

Michael Jordan, universally acknowledged as the best player in NBA history, was a trailblazer who helped bring the sport to a global audience.

His hunger for greatness was an inspiration to a whole generation of players, a crushing blow to the dreams of his opponents, and the key to his six championships. His demeanor and reputation both on and off the court elevated him to an almost holy level of greatness.

Michael Jordan Early life

Michael Jordan, one of James and Deloris Jordan’s five children, was born on February 17, 1963, in Brooklyn, New York. Before Michael could even walk, his family had relocated to Wilmington, North Carolina. Both his parents had stable jobs; his dad was a factory superintendent for General Electric, and his mom was a bank teller.

His dad instilled in him a work ethic and a distaste for the ghetto lifestyle. He learned these and other household chores from his mother.

Even though he tried out for the basketball team, Jordan didn’t make it as a sophomore. He kept at it, and the following year he was a member of the squad. After graduating from high school, he attended the University of North Carolina on a basketball scholarship to play for Dean Smith.

Michael Jordan Net Worth 2022

Forbes estimates Michael Jordan’s net worth to be $1.7 billion as of July 2022. In addition to his enormous salary from Jordan Brand, Michael Jordan has amassed wealth through various lucrative business endeavors and endorsement partnerships with virtually every major firm in the United States.

Michael Jordan’s Endorsement Earnings

Endorsements were a key source of income for Michael Jordan. Off the court, he has made $1.7 billion (before taxes) from Nike, Coca-Cola, McDonald’s, Wheaties, Chevrolet, etc., over four decades, and he continues to work with Nike, Hanes, Gatorade, and Upper Deck.

As a player, Jordan has relied heavily on endorsement deals with Nike. In 1984, he signed a five-year contract with Nike that paid him $500,000 per year (about $1.2 million in today’s currencies) in addition to royalties. His 2017 earnings (mentioned above) of $130 million were four times as much as LeBron James’s second-biggest shoe deal in the NBA.

NBA stars like Zion Williamson, Jayson Tatum, and Rui Hachimura all rock the brand-new Nike Air Jordan XXXIV basketball shoes that dropped in September. In 2019, NPD found that Nike held an 86% share of the U.S. market for basketball performance shoes, which includes the Jordan Brand. Within the broader lifestyle basketball market, it commands a 96% share.

Michael Jordan Net Worth

Michael Jordan Investments

Michael Jordan is a savvy investor who has put money into several different companies, including the Swiss sports data firm Sportradar, the headphones company Muzik, the San Francisco marketplace Gigster for freelance computer talent, and the artificial intelligence firm aXiomatic. This year, Jordan invested alongside fellow NBA legend Magic Johnson in aXiomatic, the firm that owns the $320 million-valued Team Liquid esports team.

Jordan, along with Jeanie Buss of the Los Angeles Lakers, Wes Edens of the Milwaukee Bucks, and Wyc Grousbeck of the Boston Celtics, debuted the ultra-premium tequila brand Cincoro in 2016. Extra Aejeo, the line’s most costly bottle, can be purchased for $1,600.

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Michael Jordan Houses

NBA star Michael Jordan has a diversified real estate portfolio that includes five different properties in different states. Two of his residences are in Charlotte, North Carolina, home of his NBA franchise the Charlotte Hornets; the other is in Jupiter, Florida. Two others can be bought right now, and they can be found in Illinois and Utah.

Jordan owns a home in the Chicago suburb of Highland Park, Illinois. The indoor living area is roughly 32,000 square feet, with the outdoor areas including a pool and court bringing the total square footage to a whopping 56,000.

 The asking price for the home is currently $14.8 million. There are a total of 9 bedrooms and 19 bathrooms. Since 2012, the home has been available for purchase. TheactiveNews.Com is where you should go to be up on the latest developments.

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