|Net Worth||$1.7 Billion|
|Born||February 17, 1963|
|Country of Origin||United States of America|
|Source of Wealth||Professional NBA Player/Entrepreneur|
Michael Jordan’s net worth is staggering. Jordan, born in 1963 in Brooklyn, is perhaps the most famous basketball player in NBA history.
His family moved to Wilmington, North Carolina when he was a child. His father worked as a General Electric plant supervisor and his mother worked at a bank. His father played a big role in his life, demanding that he work hard and not be tempted by the “street life.”
His mother taught him to sew, clean and do laundry. Much like LeBron James, Michael Jordan also made his high school basketball team. However, it took Jordan until his Junior year of high school.
It wasn’t until Jordan enrolled at the University of North Carolina that he became known for his skills on the basketball court. UNC won the NCAA Division I Championships in 1982, and in 1983 and 84, Jordan was the NCAA College Player of the Year.
Jordan left college after his junior year to join the NBA. He was drafted by the Chicago Bulls where he helped the team make it to the playoffs and scored an average of 28.2 points per game. He won the NBA Rookie of the Year Award and was invited to the All-Star game.
The following season, Jordan was sidelined for 64 games with a broken foot, but he returned in a big way to score 49 points against the Boston Celtics during the first game of the playoffs. He scored a NBA playoff record 63 points in the second game. He didn’t know it yet, but Michael Jordan’s net worth would increase dramatically.
He won the MVP award in 1988, 1991, 1992, 1996 and 1998. In 1993, Jordan led the Bulls to a third straight NBA championship, but that summer Jordan’s father was murdered by two men during a robbery attempt.
Jordan was distraught, and the grief combined with the media’s obsession with his gambling, led to him announcing his retirement from the NBA.
Similar to Justin Bieber, Jordan went through a dark time. There seem a time when everything on the news about Michael Jordan was bad news. Thankfully, like the Biebs, he conquered his inner demons and came to the court.
He attempted to become a professional baseball player once again. Michael Jordan played for a minor league team in the Chicago White Sox system, but after seven months, it was obvious he was not talented enough to perform at a professional level. He went back to the NBA and once again dominated the court.
Michael Jordan’s net worth in 2019 sits at $1.9 billion, making him the highest paid athlete of all-time, which is pretty incredible considering he made less than $100 million in NBA salary during his career.
Most of his wealth has come from smart business decisions. As of 2015, Jordan was reportedly making $100 million a year from Nike royalties alone. His net worth shot above $1 billion when the value of his NBA team, the Charlotte Hornets, skyrocketed. The net worth of Beyonce, Jay Z, and Dr. Dre are worth less than Michael Jordan!
By the way, he purchased the team for $175 million in 2010. They’re now valued at over $1 billion. Not a bad investment.