• August 30, 2023

Jordan net worth soars to $4.618 trillion…richest basketball player in history

National Basketball Association (NBA) superstar Michael Jordan’s net worth has soared to an estimated $3.5 billion ($4.6182 trillion).

This is according to the Bloomberg Billionaires Index.

Jordan’s recent surge in wealth can be attributed to his strategic business moves, such as the sale of a majority stake in the NBA team Charlotte Hornets. 안전놀이터

Jordan became the majority owner of Charlotte in 2010 and closed a $3 billion deal this year.

While details of the sale and retained stake were not disclosed, Bloomberg estimated that Jordan pocketed about 65% of the sale price.

But it’s not just team ownership that has fueled Jordan’s wealth. Jordan Brand’s deal with Nike has been a key component of his financial growth. Last year alone, the Jordan brand generated a staggering $5.1 billion in revenue, or about 11% of Nike’s total revenue. While Jordan’s exact revenue figures are not publicly available, the New York Post estimated that he receives a 5% royalty.

As a player, Jordan also earned over $90 million in salary from the Chicago Bulls and Washington Wizards.

He also signed lucrative endorsement deals. At his peak, Jordan earned between $15 million and $20 million a year from sponsorships, including a 10-year, $13.5 million deal with Gatorade, the New York Times reported.

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