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1 day ago · Learn about Michael Jordan's career, earnings, and wealth history from Forbes. As of 2024, he is the #1033 billionaire in the world with a net worth of $3.2 billion.
- Athlete
Michael Jeffrey Jordan (born February 17, 1963), also known by his initials MJ, ... As of 2024, his net worth is estimated at $3.2 billion by Forbes.
Aug 24, 2023 · The NBA legend and former Bulls star is the wealthiest basketball player ever, thanks to his stake in the Hornets and his Nike deal. He also made millions from his salary, endorsements and other ventures during his career.
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- How much is Michael Jordan worth?
- What are Michael Jordan's biggest assets?
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Michael Jordan's wealth of $3 billion has earned him a place among the Forbes 400, marking the first time a professional athlete has joined the ranks of the richest Americans, according to Forbes magazine.
Jordan, who has been a billionaire since 2014, catapulted onto the Forbes 400 list this year following the sale of the Charlotte Hornets in August for $3 billion. The former pro basketballer had been the team's majority owner since 2010, when he bought the franchise for $275 million.
The Forbes 400 list is a byword for America's elite, claiming the likes of Tesla CEO Elon Musk (No. 1 on the list of with a net worth of $251 billion) and Amazon.com founder Jeff Bezos (No. 2 with wealth of $161 billion.) Jordan barely made the cut, with Forbes noting that an individual needed $2.9 billion to be included amongst the ranks of the nation's richest people this year.
Jordan, 60, is one of only three professional athletes to build wealth valued at over $1 billion, along with LeBron James and Tiger Woods, Forbes said.
Jordan is worth $3 billion, placing him at No. 379 on the Forbes 400 list.
His wealth ties him with the likes of Meg Whitman, the former CEO of eBay, and real estate mogul Jerry Speyer, both of whom are among the several people on the list also worth $3 billion, Forbes said.
Forbes doesn't list Jordan's assets, but notes that his wealth jumped earlier this year with the sale of the Charlotte Hornets. The publication estimated his 2022 wealth at $1.7 billion.
Jordan built his fame through his 15 seasons with the NBA, but Forbes notes that his fortune largely stemmed from his off-court ventures.
For instance, Jordan earned $94 million during his time with the NBA, but he has scored an estimated $2.4 billion in pre-tax earnings from branding deals with McDonald's, Gatorade and Nike — with the latter representing a sizable portion of his wealth. His most recent annual royalty check from Nike was for $260 million, Forbes notes.
But his biggest score was his investment in the Charlotte Hornets, with the sale price representing a 17-fold increase since Jordan became its majority owner 13 years ago.
The former NBA star and Charlotte Hornets owner ranks among the Forbes 400 richest Americans, thanks to his off-court deals and team sale. Forbes estimates his 2022 wealth at $1.7 billion and his branding earnings at $2.4 billion.
- Associate Managing Editor, Moneywatch
- 6 min
- CBS News
- Aimee Picchi
Oct 4, 2023 · NBA legend Michael Jordan is the first athlete to make the Forbes 400 list, with his net worth rising to $3 billion after selling his majority stake in the Charlotte Hornets for $3 billion. He also donated $10 million to Make-A-Wish America and Novant Health, and wrote a letter to Hornets fans.
Jun 16, 2023 · Forbes estimates that Michael Jordan's net worth is $2 billion as of June 16, 2023. He earned $94 million in NBA contracts, $1.8 billion from endorsements and $3 billion from selling his majority stake in the Hornets.
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