Michael Jordan Net Worth: Lifestyle & Career

The man who helped popularize the NBA worldwide and the greatest basketball player of all time, Michael Jordan’s net worth, is a whopping $2.2 billion.

Besides basketball, most people know him for his successful business endeavors. He is the chairman of NBA team Charlotte Hornets and also 23XI Racing in the NASCAR Cup Series.

Jordan began playing basketball in his college under Coach Dean Smith with North Carolina Tar Heels.

Michael is most known for his time in Chicago Bulls. He joined Chicago Bulls in 1984 as the third overall pick and quickly arose as a league star with his prolific scoring and gaining a reputation as of the game’s best defensive players.

Michael Jordan
Michael Jordan

He earned nicknames such as “His Airness” and “Air Jordan” with his slam dunks from the free-throw line in Slam Dunk Contests.

Similarly, Michael won his first NBA championship with Chicago Bulls in 1991, followed by two more wins in 1992 and 1993.

However, Jordan retired from basketball in the 1993-94 season to play Minor League Basketball. Nevertheless, he returned to the Bulls in March 1995 and won three more championships.

In Jordan’s team lead, Chicago Bulls won three more championships of 1996, 1997, and 1998.

He took his second retirement from basketball in January 1999 but returned for two more NBA seasons but with a new team Washington Wizards, from 2001 to 2003.

Michael Jordan: Early Life

Michael Jordan was born Michael Jeffrey Jordan on February 17th, 1963, in Cumberland Hospital in Fort Greene, Brooklyn, New York, United States.

His father, James R. Jordan Sr., was an equipment supervisor and his mother, Deloris, was a ban employee.

The Jordan family moved to Wilmington, North Carolina, in 1968 when Jordan was five years old.

Jordan enrolled in Emsley A. Laney High School in Wilmington, where he played basketball, football, and baseball.

You want to know the irony? Jordan tried for the varsity basketball team during his second year, and apparently, they thought he was too short to play at that level. He was 5’11” at the time.

After that, he was so motivated that he became the star of Laney’s junior varsity team.

Jordan was recruited by several college basketball programs, including North Carolina, South Carolina, Duke, Virginia, and Syracuse. In the end, he accepted a scholarship in 1981 to the University of North Carolina at Chapel Hill.

He not only played Basketball but also took his studies together and majored in Cultural geography.

Quick Facts

Known As Michael Jordan
Age 58 Years Old
Nick Name His Airness, Air Jordan, Black Cat, MJ
Birth Name Michael Jeffery Jordan
Birth Date February 17, 1963
Gender Male
Profession Basketball Player, Entrepreneur, and Spokesperson
Birth Place Brooklyn, New York, USA
Nationality American
Ethnicity Afro-American
Horoscope Aquarius
Marital Status Married
Spouse Yvette Prieto
Children Jeffrey Michael Jordan, Jasmine M. Jordan, Marcus Jordan, Ysabel Jordan, and Victoria Jordan
Father’s Name James R. Jordan, Sr.
Mother’s Name Deloris Jordan (née Peoples)
Siblings Deloris Jordan, Larry Jordan, Roslyn Jordan, and James Jordan Jr.
Build Athletic
Religion Christian
Height 6 feet 6 inches, 1.98m, 198 CM
Weight 98kg, 215 lbs.
Eye Color Yellow
Hair Color Bald
Net Worth $2.2 Billion
Source of Income Businesses
Sexual Orientation Straight
Education Emsley A. Laney High School and the University of North Carolina at Chapel Hill
Social Media Not Active
Last Update October, 2021

Michael Jordan: Net Worth and Income

Retired American basketball player Michael Jordan is also a team owner, entrepreneur, and brand endorser has a net worth of $2.2 billion as of 2021.

In his overall NBA career, Jordan earned about $93.7 million in salary alone. Similarly, he was the first athlete in history to earn over $3o million in salaries each year.

During his peak around 1996, 1997, he earned $30.14 million in a base salary.

Michael Jordan on Court
Michael Jordan on Court

Likewise, he made about $33.14 million per year the following season, about $53.4 million after adjusting inflation.

Michael Jordan is not playing basketball anymore, and he still earns about $100 million each year. How?

He has various endorsement deals and business ventures which make him money. Interestingly he makes more in a year than what he earned from 16 NBA seasons.

Jordan bags at least $60 million from Nike/Jordan brand royalties.

Apart from that, he also owns an NBA team Charlotte Hornets which helped him achieve his billionaire status.

Let’s break down his NBA earnings.

Aforementioned, Jordan earned $93.7 million in total salary throughout his NBA career.

Season Salary
1984-1985 $550,000
1985-1986 $630,000
1986-1987 $737,500
1987-1988 $845,000
1988-1989 $2 million
1989-1990 $2.25 million
1990-1991 $2.5 million
1991-1992 $3.25 million
1992-1993 $4 million
1993-1994 $4 million
1994-1995 $3.85 million
1995-1996 $3.85 million
1996-1997 $30.14 million
1997-1998 $33.14 million
2001-2002 $1 million
2002-2003 $1.03 million
Total $93,772,500

Apart from NBA, Jordan also made huge money from his endorsement deals. He has been the spokesman for numerous brands such as Nike, Wheaties, Coca-Cola, Chevrolet, Gatorade, McDonald’s, MIC, Hanes, Ball Park Franks, and Rayovac.

Similarly, he has also dipped his hands in the restaurant business and car dealerships. Michael also has a deal with Five Star Fragrances, Upper Deck, and 2K Sports.

Let’s check out his Net Worth over the years

Year Net Worth
2009 $500 million
2013 $650 million
2014 $1 billion
2016 $1.1 billion
2017 $1.2 billion
2018 $1.5 billion
2019 $1.9 billion
2020 $2.2 billion

Nike Royalties

Michael’s deal with Nike in 1984 shattered all the endorsement deals records when Nike agreed to pay $500,000 each year for five years.

Michael also received Nike’s stock which brought his total earnings to $7 million over the course of five years.

Before signing the deal, Michael had never worn a Nike pair, and he was hoping to sing to Adidas. Nonetheless, Nike made a deal he could not refuse, and it was too much for Adidas to match the deal.

His debut shoes violated all NBA regulations, but Nike paid all the fines and used negative marketing to pull up the brand.

The Air Jordan first appeared in the market in 1985, and within 2 months, it sold over a million pairs.

The revenue skyrocketed. Air Jordan generated $100 million in revenues within the first year for Nike.

As of today, 58% of all basketball shoes are Air Jordans, and it generates yearly revenue of over $2.5 billion.

Back in the day, MJ earned about 24 cents per shoe that were sold, and not it has become $4 per shoe sold.

Michael received $480 million in shoe royalties between 2002 and 2012.

Today, Nike pays Michael about $100 million each year in royalty.

Michael Jordan Net Worth in Different Currencies

Let’s have a closer look at Michael Jordan’s net worth in several currencies, as of October, 2021.

Currency Net Worth
Euro € 1.85 billion
Pound Sterling £ 1.58 billion
Australian Dollar A$ 2.95 billion
Canadian Dollar C$ 2.75 billion
Indian Rupee ₹ 160,711,100,000
BitCoin ฿ 42,508.66

Michael Jordan: Private Jets, Yacht, Houses, Cars, and Watches

Private Jet

Given his billionaire status, Michael Jordan could have anything he likes. He has purchased a couple of mansions, super luxurious cars but nothing compares to his one-of-a-kind private jet.

Gulfstream IV

The billionaire retired basketball player owns a personalized private jet “Gulfstream IV” matching his status.

Even though the plane’s production was stopped way back, it was priced at $26 million brand new back then.

The jet has MJ’s idealistic colors, Carolina Blue and White, on the exteriors. Similarly, there’s MJ’s personal logo on the jet’s tail and the rear engine.

Michael Jordan's Private Jet
Michael Jordan’s Private Jet

Likewise, “N23gMJ” is also written the exterior bearing numbers “23” and “6” representing his jersey numbers.

The jet has two Rolls Royce engines that generate enough power to hit the speed of 460 knots with the highest cursing speed of 505 knots.

It has a passenger capacity of 14-19 people with luxurious lounging arrangements for the passengers.

Yacht

One of the richest athletes globally, Michael Jordan, owns a superyacht like it’s some sort of surprise.

Jordan’s superyacht is named “Joy” and is 70 meters long with all the luxurious amenities.

Business tycoon splashed over $80 million for the superyacht and was developed by Bannenberg & Rowell Design in 2016.

It has five decks in total, each one dedicated for a different purpose. Among countless attractions are the master suite and other bedrooms decorated with skylights and bathrooms with granite finishes and rain showers.

Similarly, “Joy” also offers a 270-degree ocean view with an elegantly decorated private living room.

Michael Jordan's $80M million Yacht
Michael Jordan’s $80M million Yacht

Apart from that, the entire area of the yacht is provided with glass insulation for those heat and extreme days.

Interestingly, the superyacht also has a basketball court, as one expects.

Do you want to know how much it costs to rent such a masterpiece?

It costs about $840,000 per person. For a billionaire like himself, it’s nothing more but just a change. Ain’t it?

Are you surprised yet?

Wait, there’s more. Michael also has another convertible Viking sportfishing yacht. Michael paid a mere $8 million for this 80-foot yacht.

The yacht is named “Catch 23”; you know, just to give you an idea who actually owns it.

Watches

As one might expect, Michael Jordan has a super insane collection of luxurious timepieces. And believe me when I say this, but if you are into watches, you should just scroll down because it will make you drool literally.

Let’s get started

Richard Mille RM 032 Diver Flyback Chronograph

The brand is no stranger to celebrities. Michael owns this insanely expensive Richard Mille RM 032 Diver Flyback Chronograph. Starting price for this one is about $125,000.

He was seen flexing the watch in a press conference of Charlotte Bobcats. His variant of 032 is Rose Gold with 50mm and a rubber bracelet.

It also has a transparent dial with sapphire crystal.

Urwerk UR-202

Also in Michael’s collection is his Urwerk UR-202, an actively collecting piece with a value of $145,000.

The watch features a black dial with a sapphire crystal and white gold casing.

Lange & Söhne Datograph

This one is a rare and first-generation Datograph in platinum that costs $90,700.

The watch features manual winding movement, platinum casing, sapphire crystal, and a black dial.

Rolex

Michael has a great love for Rolex and owns a couple of models from the brand.

He has Platinum Daytona worth about $75,000, Steel and white gold Sky-Dewler worth about $48,000, and a yellow gold GMT-Master II 116758-SANR worth about $90,000.

Roger Dubuis Excalibur Spider Pirelli – Automatic Skeleton

Michael splashed over $72,000 for this one. It features a band made out of the actual tire of a Formula 1 car, automatic movement, and a 45mm case diameter.

Ulysse Nardin Royal Blue Tourbillon

This might be the most prized watch in Jordan’s collection. Its value is about $1.1 million.

The watch features manual winding movement, platinum casing, 43mm case diameter, sapphire crystal, and transparent dial.

Apart from this one, Michael also has another Ulysse Nardin, but this one is a Sonata Cathedra model worth about $60,000.

He also owns IWC Big Pilot, Cartier Ballon Bleu and Audemars Piguet Millenary.

Cars

We did Michael Jordan’s airplane, yachts, and also watches. So to complete the list, let’s go for his cars.

So what type of cars does legend drive?

Mercedes-Benz

Michael Jordan owns several cars from German automakers. Four, to be more precise.

He has a sleek Mercedes-Benz SL 55 AMG worth about $130,000.

The car boasts a 5.4-liter supercharged V8 engine that produces 510 brake horsepower and 531-pound feet of torque. The can hit 155 miles per hour top speed and can go from 0-62 in 4.5 seconds.

The car’s 155 miles per hour top speed is electronically limited.

Similarly, Michael’s Benz is his Mercedes W140 S600 which costs about $200,000 with all the options.

The car has a naturally-aspirated V 12 cylinder engine that generates 402 brake horsepower and 427-pound feet of torque.

Likewise, it has a top speed of 155 miles per hour and can hit 0-60 in 6.1 seconds.

Michael Jordan Getting Out Of His Car
Michael Jordan Getting Out Of His Car

Furthermore, another beast of a Benz owned by Michael is his CL 65, which costs about $215,500.

The car has a 6.0 liter Twin Turbo V12 gas engine with 5-speed automatic transmission and rear-wheel drivetrain. It also has a top speed of 155 miles per hour and can hit 60 in 4.2 seconds.

The last Benz in Jordan’s collection is his SLR McLaren 722 Edition. The car is super rare and is valued at about $480,000.

It has a 5.4-liter V8 engine that generates massive 641 brake horsepower and 605-pound feet of torque.

The car can hit a top speed of 209 miles per hour and can hit 60 in about 3.6 seconds.

Bugatti Veyron Sang Noir

This is probably the most prized car in his collection. This Bugatti Veyron Sang Noir comes at a price tag of $2.20 million.

Because the production was limited to 12 units, it is extremely rare.

The car uses a quad-turbocharged 8.0-liter W-16 engine that pumps987 brake horsepower and 922-pound feet of torque.

It can hit 252.5 miles per hour top speed and can sprint from 0-60 in 2.6 seconds, making it one of the fastest street-legal cars on the planet.

Porsche

Michael Jordan also owns a couple of Porsches. One of them is Porsche 911 turbo S which costs about $205,000 brand new.

It uses 3.7-liter flat-six engine that makes 640 brake horsepower.

It has a top speed of 205 miles per hour and can sprint from 0-60 in 2.2 seconds. This car has AIR written on the License plate.

Another Porsche Jordan owns is Porsche 930, which costs a decent $74,580.

The car uses a 3.3 liters single turbocharged air-cooled flat 6 engine capable of generating 303 brake horsepower.

Similarly, it has 5 speed Getrag G50 manual transmission.

Apart from these, Michal Jordan owns a couple of Aston Martins, a couple of Corvettes, a Ferrari, a Bentley Continental GT, a Ford F150 Raptor, and a Toyota Land Cruiser.

Houses

Michael Jordan owns several multi-million dollars mansions all over the United States.

Let’s check them out one by one.

Chicago Mansion (Former Residence)

The mansion is located in Highland Park, Illinois. The place is one of the wealthiest areas to live in.

The mansion was built in a modern style back in 1995 and renovated again in 2009. It sits on 7.93 acres of land.

The mansion spans over 56,000 square feet, with nine bedrooms and fifteen bathrooms spread across three floors.

Anyone can tell it’s Jordan’s mansion because there is a massive number 23 written in the front gate.

There is a long driveway up to the home covered by trees that ensures privacy. Upon walking into the mansion, an epic entryway resembles more of a luxury resort than a house.

There are plenty of living spaces inside for family to enjoy their time.

One of the doors in the mansion is the actual door from the Playboy mansion in Chicago.

There are a game room, a large sitting room, and a dining room. The tabletop of the dining room is based on the streets of the city.

Other features of the former mansion of the legend include a movie theater, cigar room, poker room, massive wine cellar, and a wet bar.

There is also a state-of-the-art gym and a full-sized basketball court.

The place was listed in the market back in 2012 for $29 million. However, it was relisted for $14.9 million and is still in the market.

North Carolina Mansion (Former Mansion)

Michael purchased this massive waterfront mansion in February 2013. He forked over $2.8 million to seal the deal. The house was built in 1993.

Jordan got quite a deal on this one because it was originally listed for $3.5 million.

The mansion is situated a few miles away from the city of Charlotte in NC and is housed on the seventh hole of The Peninsula Golf Club.

The mansion sits on 1.1 acres of land. The main house boasts a cool 12,350 square feet of living space over three-story. Similarly, it has six bedrooms and eight bathrooms.

Likewise, the mansion also features a dining room, living room, gourmet kitchen, and a stunning view of Lake Norman from almost every room.

Moreover, the mansion also has a massive pool with a spa, a gym in the basement with modern fitness equipment, and an entertainment center.

Jupiter Island Mansion, Miami, Florida (Current Residence)

This place serves as Michael’s main home at the moment. It took six months of planning and eighteen months of construction to create his dream house.

The property is located in Jupiter, Florida.

The land alone cost Michael $4.8 million, and the construction cost about $7.6 million. So after the construction, the mansion is worth more than $20 million.

 Jupiter Island Mansion
Michael Jordan’s Jupiter Island Mansion

Moreover, the mansion is located in Bear’s club community which is heavily gated and guarded known for its celebrity residences.

Similarly, the membership initiation fee is alone $350,000 and not to mention the monthly dues.

The mansion spans over a massive 28,000 square feet of living space with eleven beds and eleven full and one-half baths.

The style of Michael’s house is modern, with a detached pool and a guest house.

Also, there is a two-story guardhouse.

The main house is separated into more than one wing with an athlete wing with a full-sized basketball court.

Similarly, there is a media room on the inside and, of course, a gigantic pool with a spa outside.

Michael Jordan: Lifestyle and Divorce

So how does the business tycoon lead his life?

Despite the fact that Michael is a retired athlete, he still tries to stay in the best shape.

His daily regime consists of eating healthy, training, including strength, conditioning workouts, golfing, attending business meetings and press conferences, brand endorsements, and spending time with loved ones.

His typical morning starts with a breakfast which includes a large bowl of oatmeal with some strawberries, blueberries, and raisins. Similarly, he adds scrambled eggs, whites, and a glass of orange juice.

Apart from that, he also takes some time out to do interviews, charity works.

Similarly, Jordan is a big fan of motorcycles and loves riding them every once in a while.

Michael is also an avid golfer.

Michael has a great love for shoes. Maybe that’s why he collaborated with Nike to come up with his own line of sneakers.

Similarly, among his line of sneakers, Michael loves Jordan 11s, Jordan 3s, Jordan 12s, and 13s.

Likewise, his love for Cigars can be seen in his photographs. Jordan loves smoking Pre-Castro Cuban cigars. He smokes about six in a day.

Read About: Kobe Bryant Career

Divorce Settlement

Michael Jordan married Juanita Vanoy in 1989. The couple had three children together. Michael filed for a divorce in 2012 after 13 years of marriage.

He was forced to pay $168 million for the settlement, one of the most expensive divorces in history.

The settlement included stocks, cash, and various real estate.

After the divorce was finalized, Jordan married Cuban-American model Yvette Prieto. Together they have identical twin daughters born in February 2014.

Michael Jordan: Charity

Michael Jordan is not only a legend in basketball but also philanthropy. He has done a lot for the community.

Jorden hosted an annual golf tournament from 2001 to 2014. The Michael Jordan Celebrity Invitation raised money for numerous charitable organizations.

Similarly, through his brand, Michael has made some significant donations to Boys & Girls Clubs of America and Habitat for Humanity.

Likewise, he was also named a Chief Wish Ambassador for Make A Wish Foundation in 2008.

Donation
Michael Jordan’s Donation

He grated 200th with the Foundation in 2013. Similarly, he also has raised over $5 million for the foundation.

Jordan has also donated to the health industry. He made the biggest donation at the time of $7 million to fund two Novant Health Michael Jordan Family Clinics in 2017.

The clinics are based in Charlotte, North Carolina.

Furthermore, following the Hurricane Dorian of 2019, he donated $1 million to ad Bahamas recovery.

Michael Jordan: Investments, Endorsements, and Books

Investments

Back in 2006, Michael had a net worth of $450 million after paying $168 million for his divorce and other lifestyle costs.

He purchased a minority stake in NBA team Charlotte Bobcats in the same year. He was the second-largest individual stakeholder at the time after Robert Johnson. In 2020 Michael turned his minority stake into 80% of the whole team by acquiring Robert’s stake for $175 million.

He again increased his investment and made an 80% stake to 89.5% in 2014. 89.5% of the stake of the whole team was about $416 million after debt.

Michael sold his small piece of stake to Gabe Plotkin and Daniel Sundheim, a hedge fund manager at a valuation of $1.5 billion.

Apart from the NBA team, Michael also owns a car dealership and seven restaurants.

Endorsement

Did you know that MJ made about $1.4 billion before taxes from corporate partnerships alone?

Throughout his career and even today, Michael Jordan is an official face or has been an official spokesperson for numerous corporate brands.

His major brand endorsements include Nike, Wheaties, MCI, Gatorade, Wheaties, Coca-Cola, McDonald’s, Chevrolet, Ball Park Franks, Rayovac, and Hanes.

Similarly, Jordan also deals with Five Star Fragrances, Upper Deck, and 2K Sports.

Nike came out to be the most lucrative to MJ among many renowned brands, followed by Gatorade.

He signed a10 year deal with Gatorade worth about $18 million at the end of the 1989 season.

The partnership brought both MJ as well as the brand to even greater heights of popularity.

One time Michael turned down an $80 million deal to endorse a line of headphones. Yeah, Michael does not like wearing headphones.

It’s also been revealed that Michael does not sign an endorsement deal unless it pays a minimum of $10 million for the partnership.

Book Publications

The greatest of all-time basketball players has authored a couple of books throughout his career.

Similarly, on September 1, 1994, he published I Can’t Accept Not Trying: Michael Jordan on the Pursuit of Excellence.

The book shares Michael Jordan’s life’s rules, accomplishments, and principles.

Likewise, Michael came out with his third book on October 19, 1998, entitled For the Love of the Game: My Story.

The book describes Michael Jordan in and off-court.

Moreover, Michael published his fourth book from Example Product Manufacturer on October 24, 2005, entitled Driven From Within.

Michael Jordan: Career

Michael Jordan played three seasons for the University of North Carolina Tar Heels. He was awarded College of the Year in 1984.

However, he left UNC in 1984 to enter the draft.

The Chicago Bulls picked Michael Jordan as the third overall pick after Sam Bowie and Hakeem Olajuwon.

On September 12, 1984, he signed a rookie contract with the Bulls for seven years’ worth $6 million.

2021
Michael Jordan 2021

After the fifth season, Chicago agreed on an eight-year $25 million contract extension which was the largest transaction in NBA history back then.

The contract expired in 1996, and Michael extended the deal for one year, worth about $30 million.

After the expiration of the extended contract, Michael retired just to return to the game, but this time he played for Washington Wizards for two whole seasons.

Unknown Facts About Michael Jordan

  • He is the first NBA player to become the majority owner of the NBA team.
  • In April of 2009, Michael was inducted into the Naismith Memorial Basketball Hall of Fame.
  • He started his smoking habit in 1991.
  • Michael’s best friend works as a limousine driver.
  • The highest bidding on a pair of Jordan sneakers was priced at $71 thousand at an auction.

Michael Jordan: FAQs

How many kids does Michael Jordan have?

Michael Jordan has five kids.

Why are Michael Jordan’s eyes so yellow?

There are two potential conditions; One because of Jaundice and another is Pinguecula benign (a condition that is not cancerous) growth.

How many career averages does Michael Jordan have?

In total, Michael Jordan played 15 seasons in two different teams; Chicago Bulls and Washington Wizards.

Jordan’s career averages were 30.1 points, 6.2 rebounds, and 5.3 assists.

Read About: LeBron James Net Worth & Lifestyle

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