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Michael Jordan Net Worth 2024: Richest Blacks

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Michael Jordan net worth

What is Michael Jordan Net Worth?

Michael Jeffrey Jordan also known by his initials MJ, is an American businessman and former professional basketball player.

He is one of the most successful business men in the United States. After having an Illustrious career in Basketball, MJ took to business and is among the richest black people in the world.

His profile on the NBA website states, “By acclamation, Michael Jordan is the greatest basketball player of all time.”

Michael Jordan net worth
Michael Jordan net worth

Michael Jordan Net Worth

What is Michael Jordan Net Worth?

NameMichael Jordan
Net worth$2.1 billion
Date of birth17 February 1963
OccupationBusinessman (former professional NBA player)
NationalityUS

Michael Jordan net worth 2024: Michael Jordan is one of the richest NBA stars of all time. He currently has a net worth of $2.1 making him one of the richest sports personalities of all time as well.

Who is Michael Jordan?

Michael Jordan (MJ) is a former professional basketball player from North Carolina. He is known for his career playing with the Chicago Bulls NBA team where he brought home six NBA championships. Jordan has also become a worldwide icon for his appearances on the big-screen and Nike’s Air Jordan shoe enterprise. 

Charlotte Hornets NBA Franchise Purchase

In 2010, MJ bought out the Charlotte Hornets NBA franchise as a businessman — though he could’ve easily turned his extraordinary basketball career into a successful run as a coach. Typically, athletes who turn into legends on the court have a future on the sidelines as NBA staff. 

Not only are they familiar with how to win championships, but they’re able to intuitively understand their players. For example, Steve Kerr, a former teammate of MJ who became head coach of the Golden State Warriors, turned the franchise into a dynasty in the mid-2010s.

For years, Steph Curry, Draymond Green, and Klay Thompson were the focus of analysts who create NBA betting odds for both conferences. Not only did pundits provide insight related to the team and its top players, but they also covered Kerr and how his experience as an NBA champion helped drive the team.

Key to Success

In the case of Jordan, he’s applied the same work ethic from the court to business ventures and investments. In addition to being the current owner of the Hornets franchise, he’s also an investor in eSports, the NBA’s NFT venture, and philanthropic efforts.

Professional Career

Prior to becoming one of the richest black people in the world, MJ entered the NBA in 1984 as the third draft pick. From there, he quickly became a leader for the Chicago Bulls, who were looking for an overhaul. In 1991, MJ helped the team win an NBA Championship, which he repeated in the next two years to complete his first ‘three-peat’ with the Bulls.

After a brief retirement and appearance in the MLB, MJ returned to the Bulls in 1995, ready for another ‘three-peat’. When he left the Bulls in 1999, he’d led the team to a total of six NBA Championships and earned himself six NBA Finals MVP awards, five NBA MVP awards, and 14 All-Star nods.

Olympic Career

In addition to his fame in the NBA, MJ also helped lead the US’s ‘Dream Team’ basketball squad during the 1992 Summer Olympics and the 1992 Tournament of the Americas. He was joined by other famous basketball stars, including Magic Johnson and Larry Bird.

The Dream Team swept both competitions, bringing home an Olympic gold medal in basketball and a gold medal in the FIBA AmeriCup.

Business Ventures

Though MJ made his name as a basketball star and will be remembered as one of the greatest players in the history of the sport, not all athletes can transform a successful career into a lasting source of wealth. By combining his passion with a ruthless work ethic, MJ has been able to build a multi-billion-dollar empire.

MJ’s first major venture came with Nike, who adopted his reputation as ‘Air Jordan’, which stemmed from his dunking abilities. This multi-million-dollar venture with Nike began in the 1980s. MJ’s original contract with Nike means he sees a portion of the total revenue earned from the Air Jordan line. 

After signing a few more major endorsements, MJ successfully launched his acting career with Looney Tune’s Space Jam film in 1996. The movie made a killing at the box office and helped introduce the basketball star to non-sporting fans around the world.

Investments

Since then, MJ has made a slew of sound investments. As mentioned above, he’s joined lucrative ventures like the NBA’s Top Shot NFT startup, which is now valued at $2 billion, as well as meaningful investments in the eSports squad Team Liquid, which is now worth $200 million. Even Jordan’s NBA franchise, the Charlotte Hornets, who have yet to post an impressive season, is valued at $1.5 million, a 600% increase since he bought the team in 2010. 

Read Current Top 10 Highest Paid NBA players

philanthropy

In addition to his investments, MJ is also known for his philanthropic efforts. He donated $2 million in earnings in 2020 to food banks in Chicago and North Carolina. Last year, his affiliated Nike Air Jordan brand pledged to donate $100 million in the next ten years to social justice organizations in the US.

Why was Michael Jordan so famous?

American basketball player Michael Jordan led the Chicago Bulls to six National Basketball Association (NBA) championships (1991–93, 1996–98). He was named the NBA’s Most Valuable Player (MVP) five times (1988, 1991, 1992, 1996, 1998) and was also named Defensive Player of the Year in 1988.

How many companies does Michael Jordan own?

While his partnership with Nike and former majority stake in the Hornets were some of his most lucrative investments, Jordan has a series of other ventures too—he is a co-owner of NASCAR team, 23XI, has a stake in sports betting company DraftKings, owns a tequila brand, and even owns several restaurants

Michael Jordan Net Worth Summary

As of 202, Michael Jordan Net Worth is valued at $2.1 billion making him one of the richest black people in the world.

Source: Glusea

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