Michael Jordan’s $3 billion fortune puts him on the Forbes 400, marking the first time a professional athlete has joined the ranks of America’s richest, according to Forbes magazine.
Jordan, a billionaire since 2014, catapulted onto the Forbes 400 list this year after selling the Charlotte Hornets for $3 billion in August. The former professional basketball player has been the team’s majority owner since buying the franchise in 2010 for $275 million.
The Forbes 400 list is synonymous with America’s elite, including Tesla CEO Elon Musk (No. 1 with a net worth of $251 billion) and Amazon founder Jeff Bezos (with a net worth of $161 billion) ranked second in wealth) and others. .) Jordan barely made the cut, as Forbes noted that an individual would need to have $2.9 billion this year to join the ranks of the richest people in America.
According to Forbes, the 60-year-old Jordan is one of only three professional athletes with a fortune of more than $1 billion, along with LeBron James and Tiger Woods.
How much is Michael Jordan worth?
Jordan is worth $3 billion and ranks 379th on the Forbes 400 list.
According to Forbes, his wealth is tied to the likes of former eBay CEO Meg Whitman and real estate tycoon Jerry Speyer, both worth $3 billion. One of the top dollar figures.
What is Michael Jordan’s greatest asset?
Forbes doesn’t list Jordan’s assets but notes that his wealth soared earlier this year with the sale of the Charlotte Hornets. The publication estimates his wealth in 2022 at $1.7 billion.
Jordan rose to fame during his 15 seasons in the NBA, but Forbes noted that much of his wealth stemmed from his off-court adventures.
For example, Jordan earned $94 million while playing in the NBA, but he earned an estimated $2.4 billion before taxes from brand deals with McDonald’s, Gatorade, and Nike, the latter of which accounted for a large portion of his wealth. . According to Forbes, his most recent annual royalties from Nike were $260 million.
But his greatest achievement was his investment in the Charlotte Hornets, whose sale price has increased 17-fold since Jordan became the majority owner 13 years ago.