In this article, we will be discussing Michael Jordan Net Worth. You will also get to know more about his personal life and sources of income.
Michael Jordan is a renowned basketball player and businessman. Most people consider him as the best basketballer in his generation and up to date.
During his era, he led the Chicago Bulls to 6 National Basketball Association (NBA) championships.
He was also been named the Most Valuable Player 5 times and the Most Defensive Player one time.
Michael Jordan Biography
Michael Jordan popularly known as MJ, was born in Brooklyn, New York on 17th February 1963.
His parents are Deloris Jordan and the late James Raymond Jordan Senior. His father died on 23rd July 1993 while he was 56 years old.
When Michael Jordan was 5 years old, they relocated to Wilmington, North Carolina. Later on, Michael Jordan attended Emsley A. Laney High School, and started participating in basketball, baseball and football but was deemed too short to play for the Basketball Varsity Team.
Little did his coach or teammates know that he was going to be an All Time NBA star in future.
As a senior, he got a chance to play in the 1981 McDonald’s All-American Game. During this tournament, he brought out his A-Game. He averaged 30 points, 6 assists and 12 rebounds per game.
Due to his exemplary performance, he was recruited to represent multiple college programs such as South Carolina, Virginia and North Carolina. Later on, he got a scholarship to the University of North Carolina at Chapel Hill. The rest is history!
Michael Jordan Career
Michael Jordan had an incredible basketball season while in the University. After graduation, he was drafted for the NBA in the year 1984 (Round: 1 / Pick: 3)
By the time MJ retired from the NBA in 2003, he had played 1072 games and won 706 of them.
Some of the achievements and medals he has won include;
- 6 Rings (1991,1992,1993,1996,1997,1998)
- 6x NBA CHAMPION.
- 10x All-NBA First Team
- 9x NBA All-Defensive First Team.
- NBA rookie of the year
- 5x NBA MVP.
- He played 14 All-Star games in his career
- IBM Award Winner
- One of 50 Greatest Players in NBA History
Dating and Marriage
Michael Jordan has been married twice. His first wife was Juanita Vanoy and his current wife is Yvette Prieto.
Michael and Juanita got married in 1989 and they got 3 children before parting ways in 2006. Later in 2013, he married Yvette Prieto and got 2 children. They are still together to date.
Michael Jordan Net Worth
So, How Much is Michael Jordan Worth?
Michael Jordan Net Worth is estimated to be $3.2 Million Dollars according to Forbes.
He is position 379 on Forbes Top 400 Billionaires as of 2024
Below is Michael Jordan’s Net Worth accumulation over the years.
Michael Jordan Net Worth 2017 | $ 1.2 Billion Dollars |
Michael Jordan Net Worth 2018 | $ 1.5 Billion Dollars |
Michael Jordan Net Worth 2019 | $ 1.9 Billion Dollars |
Michael Jordan Net Worth 2020 | $ 2 Billion Dollars |
Michael Jordan Net Worth 2021 | $ 2.1 Billion Dollars |
Michael Jordan Net Worth 2022 | $ 2.2 Billion Dollars |
Michael Jordan Net Worth 2023 | $ 2.6 Billion Dollars |
Michael Jordan Net Worth 2024 | $ 3.2 Billion Dollars |
Michael Jordan Sources of Income
Michael Jordan’s Net Worth is made up of multiple sources of income. Apart from being a great basketballer, Michael Jordan is a good investor and businessman. Below are some of the main ways through which MJ has and continues to make money.
NBA
Michael Jordan is considered the greatest player of all time having the most scoring titles ever. During his time at the NBA, he made around $90 million and that majorly impacted his Net Worth.
Michael Jordan’s Steak House
With 4 branches of Michael Jordan’s Steak House, MJ has been able to invest wisely in this business that is quite profitable. They offer a 6-Course menu which makes it very popular and thus contributing to Michael Jordan’s Net Worth.
MJ23 Sports Bar and Grill
This establishment offers American Cuisine and is the ideal place to dine while watching sports. MJ23 Sports Bar and Grill makes is ever full of people spending a lot of money on drinks.
Charlotte Hornets Co-Owner
Michael Jordan has been a Co-owner and Head of Charlotte Hornets for over a decade.
He bought shares at the team’s organization which increased to a substantial amount of money when he sold it in 2023 for close to $3Billion American Dollars.
Nascar
Michael Jordan’s Net Worth has soared as he co-owns 23XI with Denny Hamlin which was established in 2020. This racing car sport has seen his earning increase as he has majority stake in the company.
Michael Jordan Nike Brand
Michael Jordan signed a deal with Nike to advertise their shoe with his jumpman logo. This deal was very successful and it is estimated that he has made over Over $1.5 Billion from the partnership.
Cincoro Tequila
Together with 4 other NBA team owners, Michael Jordan own a brand of tequila that has better quality and taste than most tequilas in the market today.
Cincoro Tequila has been a major boost on Michael Jordan Net Worth since being launched.
Real Estate
With a couple of real estate holdings, Michael Jordan is definitely making some extra money as he is still selling and renting these holdings which bring in a generous income every month.
Draft Kings Betting Company
Michael Jordan owns a stake in the Draft Kings Betting Company. He gets a significant amount of income every month from the profits made.
Endorsements
Michael has endorsed brands like Gatorade, Hanes and Dapper Labs. These endorsements have been quite favorable for his reputation and general income.
Michael Jordan’s Profile Summary
Official Names | Michael Jordan |
Date of Birth | 17th February 1963 |
Age | 61 Years Old as at 2024 |
Wife/Girlfriend | Wife – Yvette Prieto |
Children | 5 |
Height | 6’5” |
Weight | 220lbs |
Residence | Florida |
Nationality | American |
Profession | Basketball Player, Athlete, Business Man |
Michael Jordan Social Media Handles
Michael Jordan is on most social media platforms and commands a high following. Here are his social media handles:
Michael Jordan on Instagram: Michael Jordan
Michael Jordan on X: Jordan