Michael Jordan’s Net Worth 2020: 5 Fast Facts You Need to Know

Michael Jordan House

Getty Michael Jordan has multiple homes including properties in Florida, North Carolina and Illinois.

Michael Jordan has a net worth of $2.1 billion making him one of the wealthiest athletes ever, per Forbes. While Jordan’s success on the basketball court led to financial opportunities, the former Bulls guard earned most of his money away from the sport.

Jordan now earns more annually from Nike than he made over his entire NBA career. According to Business Insider, Jordan’s initial endorsement deal with Nike in 1984 was for $250,000. Jordan’s transition from a player to owner has also paid off as the Hornets franchise value has skyrocketed since he purchased the team in 2010.

The NBA legend has been looking to add to his bank account by selling his Chicago home which has remained on the market for more than eight years. Jordan initially listed the property at $29 million but has since slashed the list price to $14.8 million, per Zillow. Jordan also has multiple properties in North Carolina and a home in the upscale area of Jupiter, Florida.

Learn more about Jordan’s business empire.

1. Jordan Has a Net Worth of $2.1 Billion

How Michael Jordan Made His $2.1 Billion Fortune | ForbesMichael Jordan was ratings gold for TV networks during his days dominating on the hardwood. He appeared in the four highest-rated NBA Finals of all time, with viewership peaking at 29 million per game in 1998. When he left the Chicago Bulls for good in his second retirement, Finals viewership plunged 45%. In the two decades that followed, the NBA hasn’t even come close, with the highest-rated Finals—the Golden State Warriors versus the Cleveland Cavaliers—pulling 20 million viewers in both 2016 and 2017. With the sports world shut down, MJ is making a comeback. The much anticipated ten-part documentary series The Last Dance, which follows Jordan’s final Bulls season, aired on ESPN with a pair of episodes last Sunday. The series will unravel, two episodes at a time, every Sunday night through May 17. The series is available on Netflix outside the U.S. The documentary was originally scheduled for a late June release, but ESPN, which is suffering from a dearth of programming caused by the coronavirus quarantines, rescheduled it after fans flooded social media with pleas to move up the release. The outpouring revealed the depth of the public’s love affair with the 57-year-old star, who during his retirement has entered the Hall of Fame in 2009, triggered a legendary internet meme and become the richest athlete of all time. To mark the occasion, Forbes broke down the business of being Michael Jordan. Read the full profile on Forbes: https://www.forbes.com/sites/kurtbadenhausen/2020/04/17/the-inside-story-of-how-michael-jordan-became-the-worlds-richest-athlete/#2aeb1bb25276 Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1 Stay Connected Forbes newsletters: https://newsletters.editorial.forbes.com Forbes on Facebook: http://fb.com/forbes Forbes Video on Twitter: http://www.twitter.com/forbes Forbes Video on Instagram: http://instagram.com/forbes More From Forbes: http://forbes.com Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.2020-04-22T00:00:09.000Z

Jordan’s $2.1 billion net worth not only makes him one of the richest athletes ever, but puts him on the list among the wealthiest people on the planet. Forbes ranked Jordan at No. 1001 on its 2020 list of billionaires.

He first became a billionaire in 2014. Jordan’s endorsement deal with Nike has been well-documented, but the Bulls legend also works with a number of other companies. He has had long-standing partnerships with Gatorade, Hanes and Upper Deck among others.

2. Jordan Earned More Than $1 Billion From Nike

How Adidas Biggest Mistake Cost Them Michael Jordan To NikeToday, we discuss the story of how Adidas made the mistake of letting Michael Jordan slip through there hands. You probably won't believe the reasoning as to why they didn't sign him. It's the biggest mistake a company has ever made. Social Media: http://www.instagram.com/iamhandles http://www.twitter.com/handlesup2017-11-29T15:08:39Z

Nike has been by far Jordan’s most lucrative endorsement deal as Forbes reported that the basketball legend has earned an estimated $1.3 billion from the shoe company since he entered the NBA in 1984. This number is only going to continue to grow given the popularity of Jordan’s retro sneakers in addition to his continued work with Jordan Brand.

It almost never happened as Jordan detailed in The Last Dance documentary. Jordan preferred to sign with Adidas and was reluctant to go to a meeting with Nike that had already been arranged. Nike has Jordan’s mother, Deloris Jordan, to thank as she insisted that her son go to the meeting even if he did not want to do so. Jordan perceived that Nike was offering him the best opportunity and their partnership changed how athletes were viewed by sneaker companies.

Jordan’s annual income from Nike first topped $100 million in 2015 and this number has only gone up since reaching the milestone, per Forbes. The NBA legend earned $145 million from Nike in 2019.

3. MJ Earned $93.7 Million From His NBA Career With the Bulls & Wizards

Inside Michael Jordan's House in Chicago: VlogWhile in Chicago testing the Jordan #XX9, we went to Michael Jordan's house to play basketball. Here is a quick vlog of his crib. Subscribe to Kustoo!: http://www.youtube.com/user/kustoo?sub_confirmation=1 ***Click for Details below!*** Jacques 'Kustoo' Slade highlights daily updates and reviews on the best performance, lifestyle, and retro sneakers in Home of Today in Sneaks and The Week in Sneaks. Currently a contributing editor at Complex (and having previously worked Kicksonfire and NiceKicks), you don't need to look any further for best news coverage of the biggest footwear brands. Catch more content at Kustoo.com: http://bit.ly/16MIRN0 Follow Jacques on Twitter: http://bit.ly/11Nw0oo Follow Jacques on Instagram: http://bit.ly/19jV3FT Stories I've written for Complex Magazine: http://bit.ly/15lNx9e Hear me talk on the SDMR Podcast: http://bit.ly/UMwsWF2014-08-14T22:40:20Z

Jordan earned most of his money outside the basketball court, but it was his athletic success that helped create more financial opportunities. According to Spotrac, Jordan earned $91.7 million during his 14 seasons with the Bulls and a little more than $2 million in two seasons with the Wizards. Jordan earned a total of $93.7 million over his 16 NBA seasons.

While this is a great deal of money, Jordan missed out on the more lucrative contracts we see in today’s NBA. Jordan’s $30 million salary during the 1996-97 season along with his $33 million salary the following season were severe outliers compared to his NBA earnings over the majority of his career.

4. Jordan Purchased the Hornets for $175 Million in 2010

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Michael Jordan and his wife, Yvette Prieto, attending a Hornets game. (Getty)

Forbes reported that Jordan purchased the Hornets, at the time known as the Bobcats, for $175 million in 2010. The franchise value of the Hornets along with other NBA teams has accelerated over the last decade. Jordan is still the majority owner of the team but sold 20 percent of the franchise based on a $1.5 billion valuation of the team.

Despite its massive value, the Hornets rank near the bottom of NBA franchises at No. 25 out of the 30 teams. The top five NBA franchises are all valued at more than $3 billion with the Knicks sitting at No. 1 with a $4.6 billion value.

5. Jordan Has a Small Ownership Stake in the Miami Marlins

Derek Jeter, Michael Jordan And Others Nearing Deal To Buy Marlins | SI Wire | Sports IllustratedA group headlined by Derek Jeter is nearing a deal to buy the Miami Marlins for $1.2 billion, according to a report from the New York Post. Subscribe to ►► http://po.st/SubscribeSI Follow the latest NFL news and highlights, with updates on your favorite team and players. Want to know what’s up with Russell Wilson, Cam Newton, Tom Brady and more? We’ve got you covered: http://po.st/PlaylistSI-NFL Can the Cleveland Cavaliers repeat? Will the Golden State Warriors make history again? Keep up with all the important NBA updates, including news on LeBron James, Kevin Durant, Steph Curry and more: http://po.st/PlaylistSI-NBA From Bryce Harper and Mike Trout to Clayton Kershaw and Madison Bumgarner, Sports Illustrated brings you the smartest commentary and inside stories on the latest MLB news: http://po.st/PlaylistSI-MLB Check out the most recent clips and highlights from episodes of SI Now, Sports Illustrated’s daily talk show. From interviews with the biggest newsmakers to discussions with our award winning writers and editors, SI Now is your spot for all things football, basketball, baseball and everywhere else around the world of sports: http://po.st/PlaylistSI-Now The best of SI’s award-winning video storytelling. From household names to the lesser known, SI Films’ features and series explore the most powerful stories in sports: http://po.st/PlaylistSI-Films CONNECT WITH Website: http://www.si.com Facebook: http://po.st/FacebookSI Twitter: http://po.st/TwitterSI Google+: http://po.st/GoogleSI Instagram: http://po.st/InstagramSI Magazine: http://po.st/MagazineSI ABOUT SPORTS ILLUSTRATED Sports Illustrated offers sports fans trusted, authentic, agenda-free reporting and storytelling featuring sports news, scores, photos, columns and expert analysis from the latest in today’s world of sports including NFL, NBA, NHL, MLB, NASCAR, college basketball, college football, golf, soccer, tennis, and fantasy. Derek Jeter, Michael Jordan And Others Nearing Deal To Buy Marlins | SI Wire | Sports Illustrated https://www.youtube.com/user/SportsIllustrated2017-07-11T14:29:11Z

According to the Miami Herald, Jordan teamed up with his friend Derek Jeter to purchase a stake in the Marlins. Jeter owns the sixth-largest stake in the team, but Jordan’s share is much smaller. Jordan’s $5 million gives him a less than one percent stake in the team at .63 percent ownership.

Jordan has a number of other investments including sports data provider Sportsradar, headphone brand Muzik and freelance tech marketplace Gigster, per Forbes. The former Bulls star has also been active in the community including a $7 million donation to open the Novant Health Michael Jordan Family Medical Clinic aimed to provide Charlotte residents with healthcare regardless of their insurance coverage.

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