Michael Jordan reaches new monetary milestone: he becomes first-ever athlete to enter the field Forbes 400, final list of The 400 richest people in America. According to Forbes, the combined net worth of those on the list is A staggering $4.5 trillionyou need a A minimum of $2.9 billion is required to have a chance of making the prestigious list.
How much is Michael Jordan worth?
Jordan has successfully exceeded the 3 billion markhence his inclusion on this year’s list. Although the legendary basketball player made quite a bit of money during his career on the court, much of his financial success came from his business dealings off the court.
Inside Michael Jordan’s Chicago mansion
During his illustrious 19-year career, he was crowned Six-time NBA champion, 14-time NBA All-Star– To name just a few of the player’s achievements – Jordan had a total of $94 million.
Of course, it was Jordan’s incredible success in the sports world that allowed him to build his money-making empire.Cooperation and sponsorship with the following companies Gatorade, Hennessy, McDonald’s and Nike saw a significant increase in the number of zeros in their bank accounts. In the case of the latter, his last Nike’s annual salary reaches a staggering $260 million.
Charlotte Hornets, huge revenue generator
Jordan purchased a large stake in the Charlotte Hornets in 2006, becoming a part-owner and director of basketball operations for the NBA team.Turns out it’s his The most profitable business investment. Less than 20 years later, franchise has grown significantlyJordan sold his majority stake in 2023 for $3 billion.