How Michael Jordan’s Yacht Earned Him Nearly $500,000

As a billionaire, Michael Jordan doesn’t really have to worry about making money.

But it never hurts.

The sports legend owns several gorgeous assets, one of which is a yacht worth $80 million.

Yachts are expensive to maintain, but he recently discovered a way to pay for them without even leaving the boat.

Read more: Michael Jordan’s car collection includes ‘world’s fastest convertible’ and a stunning supercar owned by only 12 people

As the world’s richest athlete, Michael Jordan makes a lot of extravagant purchases.

His biggest one has to be his boat, a superyacht named “Joy”.

The ship is 230 feet long and has a Jacuzzi, movie theater, and even an indoor basketball court.

Such luxury doesn’t come cheap, and the weekly maintenance costs can be eye-watering.

Maintaining the superyacht’s five decks and eight private cabins costs $800,000 a week.

While the bills will take a long time to eat away at Jordan’s $3 billion fortune, it’s still a lot of money.

Luckily, he found a hobby that allowed him to make money while relaxing on a boat.

Since selling the Charlotte Hornets, the basketball star has had more free time.

Jordan has become an avid fisherman, competing in tournaments around the world.

He said he learned something from the game that he couldn’t learn from basketball: patience.

“I never thought I’d be on a boat and go fishing,” he said.

“You can’t make it happen; “When it happens, you have to be ready. “

On the fishing trip, he uses one of his small yachts, a Catch 23, worth $8 million.

Recently, he and his team competed in the Mid-Atlantic Tournament and caught a 75-pound fish

This earned them third place in the competition and $462,318 in prize money.

If they finish first, the team will receive a $1.4 million bonus.

It’s also nice to spend a day at sea on a luxury yacht.