Michael Jordan net worth – 500 Million bucks!
Michael Jordan is known for the sport fans all over the world as one of the best basketball players in history. His career in professional basketball is long over, but his star remains as well as his fortunes. Today Michael Jordan net worth is estimated to be around 500$ million dollars.
Jordan started his career at the University of North Carolina at Chapel Hill in 1982. It wasn’t long before his talent was noticed nation-wide and he was invited to play at the Nation Basketball Association. In 1984 Jordan joined Chicago Bulls, one of the greatest teams in NBA. That is where his star reached the ultimate height and that is where he stayed for most of his career, leading Chicago bulls to 6 NBA Championship titles. For his amazing leaping ability Michael has earned the nicknames “His Airness” and “Air Jordan”.
He is also often named as one of the best defensive players in basketball, holds the record for highest scoring average during career and was inducted into the Hall of Fame on 2009. Having such a talent, Michael Jordan net worth doesn’t seem surprising.
He first started playing for NBA for $550.000 per year. His pay has stayed within the “modest” limits of $1 million for the next 3 years. For season 88-89 his salary already reached $2 million and by 95-96 it has climbed to 3.85$. During this period Michael has been retired from basketball for less than a year to pursue the career in baseball, but it wasn’t long before he realized where his true talent lies. In the year 96-97 Jordan earned more than $30 million and became the highest paid sports star ever. Next year he reached his personal record by earning $33.14 million during one season. After that Jordan retired from basketball once again and stayed out of the field for 3 years.
Before the final retirement in 2003, Jordan has played with Washington Wizards for two years but his salary never reached much over $1 million. It is estimated that during his basketball career Jordan has earned around $100 million. This capital makes considerable part of the current Michael Jordan net worth.
You’re wondering where the other $400 million came from? Well for a big part, it was simply brought to him by his fame in basketball. Since the beginning of his career until this day Michael Jordan has advertised many world-famous brands like Gatorade, Rayovac, Hanes, Ball Park Franks, MCI, McDonald’s, Coca-Cola, Chevrolet and Nike.
The sales of Nike Air shoes of Jordan brand still make more than $1 billion annually for Nike. He is also a part owner of the Charlotte Bobcats (a professional basketball team based in North Carolina) NBA franchise. Although it has been more than decade since Jordan won his last Championship, he still earns more than $40 million a year through various endorsements. Which such annual revenues it is safe to say that Michael Jordan net worth has not yet reached its potential peak.