Michael Jordan’s Marriage: Current Wife Yvette Prieto’s Prenuptial Expenses and Ex-Wife Juanita Vanoy’s Divorce Settlement. (Getty Images)
Michael Jordan also had a pretty good career in the love game.
Michael Jordan was just one season into his career with the Chicago Bulls when he met his ex-wife Juanita Vanoy at a restaurant in 1985.
As their relationship deepened over the next few years, Vanoy became pregnant with their first child in 1988. The couple chose to get married in September 1989.
Fast forward to 2006, Michael and Vanoy called a break, announcing their decision to go their separate ways after 17 years.
Their divorce was one of the most expensive in sports history, with Vanoy receiving a staggering $168 million and Jordan claiming ownership of their Chicago mansion.
The settlement with Juanita Vanoy has a significant financial impact on the NBA legend.
Guarding Assets: Marriage to Yvette Prieto (2013)
Before getting married again, Jordan made sure his assets were taken care of.
In 2013, he tied the knot with Cuban-American model Yvette Prieto.
However, before the big day, a prenuptial agreement was signed detailing the financial strategy.
Under the terms, Prieto will receive $1 million per year after the marriage and $5 million per year if the marriage lasts for more than ten years.
Prieto, a Cuban-American model with an impressive resume that includes a collaboration with designer Alexander Wang, caught Jordan’s attention at a Miami nightclub in 2008.
The two quickly moved in together the next year and proposed to Jordan during Christmas 2011. The couple quickly got into wedding preparations and finally said “I do” in 2013.
With the arrival of twin daughters Victoria and Isabel, born on February 9, 2014, Jordan and Prieto formed a family of four. The couple initially kept the news of the twins secret and announced the pregnancy in November 2013.
Michael Jordan net worth
In October 2023, NBA legend Michael Jordan achieved a milestone by becoming the first professional athlete to appear on Forbes’ prestigious list of the 400 richest Americans.
With a staggering net worth of $3 billion, Jordan joins the ranks of business tycoons such as Elon Musk, Jeff Bezos, Warren Buffett and Ken Griffin.
The greatest player in Chicago Bulls history (GOAT) has earned his wealth through various means.
Jordan made history when he purchased the Charlotte Hornets in 2010 for $275 million, becoming the NBA’s first black owner.
In 2023, he sold a majority stake in the team for a staggering US$3 billion, exceeding the US$1.7 billion previously estimated by Forbes, setting the second-highest sale price in NBA history.
In addition to his successful partnership with the Hornets, Jordan’s lucrative licensing deal with Nike for the iconic Jordan Brand has also contributed significantly to his wealth. Not only does his Airness make $500,000 a year from the deal, but it also receives a 5% royalty on all revenue from Jordan Brand.
Nike’s partnership with Jordan generated $5.1 billion in revenue in 2022 alone.
Jordan found success on the court in the late 1990s, earning a $94 million contract that made him the highest-paid player in the NBA.
His fame extends beyond the basketball court, with high-paying endorsements from Gatorade, Johns, Chevrolet, McDonald’s and many other brands.
Even after retiring in 2003 at the age of 40, Jordan continued to build wealth through strategic investments. He has acquired an undisclosed stake in DraftKings in 2022 to guide the sports betting company.
Additionally, he has amassed a diversified real estate portfolio. That includes a mansion in a gated community in Jupiter, Florida, purchased in 2012 for $4.8 million.