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What is Michael Jordan’s Net Worth | FullHow.com
|Net Worth:||$1.9 Billion|
|Born:||February 17, 1963|
|Country of Origin:||United States of America|
|Source of Wealth:||Professional NBA Player/Entrepreneur|
Michael Jordan’s Net Worth
The name Michael Jordan always rings a bell when it comes to basketball. He is the most successful basketball player, and the first ever billionaire athlete in the world. Born on February 17, 1963 in Brooklyn, New York, but raised in Wilmington, North California. He has always been passionate about his career, and has created a surprising net worth, and built a luxury lifestyle for himself.
Sources of Income
Michael Jordan has made over $1.9 Billion in his career of 20 years. He is the highest ever paid basketball player in the world. His athletic career is an example for so many youngsters out there. He has retired from basketball but still makes $150 million a year. He gets $100 million from Nike as royalty money. He owns his own NBA team and Jordan brand. For a whopping sum of $175 million, he brought Charlotte Hornets and now the team’s value is around $1 billion.
Currently he has signed many branding and endorsement deals with popular brands such as Gatorade, Upper Deck, and Hanes as a spokesman. He also owns a chain of restaurants, mainly steakhouses spread through Washington, California, Chicago, Texas and Connecticut.
If that wasn’t enough, he also owns a Nissan car dealership show room in North Carolina which is solely run and operated by him
Fullhow.com will keep updating you regarding his net worth and lifestyle.
Let’s see how his early life was and how he came into this career.
Early Life and Career
Michael Jordan has seen some tough days as a child. He used to sew clothes and clean streets as a child. He was extremely focused on sports and played really well, so he got a scholarship on the basis of his sports and went on to University of North Carolina where he played basketball for his college team.
He made his team win over ACC championship and then NCAA championship as well. In 1984, he was selected by NBA to play for them but right before joining them, Michael Jordan played with US Olympics Basketball team in Los Angeles, California and won them a gold medal.
However in 1993, Michael Jordan announced his sudden retirement from sports. According to some media reports, Michael Jordan quit because of his father’s murder and his own gambling addiction. He blamed himself for his father’s murder somehow and to punish himself, he quit basketball. However, he came back to Chicago Bulls, back in better shape and action in 1995.
In 1988, Michael Jordan was credited with the title of ‘Defensive Player of the Year’ and was considered the most ‘Valuable team player’. In 1991, he won the NBA title for his team by overpowering and beating the Los Angeles Lakers. He won 3 NBA titles, 3 regular season MVP awards and 3 playoff MVP titles. He was also the recipient of 9 straight up scoring titles for consecutive 9 years in a row and was considered the top member of All Star team
Michael Jordan’s lifestyle and luxuries
Michael Jordan lives a pretty expensive and luxurious lifestyle. He owns his very own private jet that he purchased for $40 million. His second house worth $5 million is in Charlotte and his third house worth $30 million is in Chicago which is a mansion, more like his own palace. He also owns a gorgeous mansion on Florida that he purchased for $13 million in 2012. He has his own private golf club. He owns 30 luxurious cars, including a gold Lamborghini, a premium range rover and 7 shining Audi S11.
Here are some of the best highlights of Michael Jordan’s career:
- Most Valuable Player (1987-88, 1990-91, 1991-92, 1995-96, 1997-98)
- Defensive Player of the Year (1988)
- Rookie of the Year (1984-85)
- All-Star Game MVP (1988, 1996, 1998)
Favorite Quotes from Michael Jordan
“I’ve failed over and over and over again in my life and that is why I succeed.” – Michael Jordan
“I can accept failure, everyone fails at something. But I can’t accept not trying.” – Michael Jordan
“Talent wins games, but teamwork and intelligence wins championships.” – Michael Jordan
“One day, you might look up and see me playing the game at 50. Don’t laugh. Never say never, because limits, like fears, are often just an illusion.” – Michael Jordan
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