Michael Jordan’s net worth has nearly doubled in just three years, making him one of the richest people on the planet.
The NBA icon became the richest sports star in the world due to his illustrious 19-year basketball career, which saw him win six NBA championships, six NBA Finals MVPs and 14 NBA All-Star selections, during which time he earned approximately $ One hundred million U.S. dollars. He financed his playing days through salary and signing bonuses.
But it’s his off-court adventures that have brought him so much wealth, much of which comes from his Air Jordan collaborations with Nike. The 60-year-old has also increased his value by partnering with brands such as McDonald’s, Gatorade and Hennessy.
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According to Forbes, Jordan’s recent royalties from Nike amounted to $260 million, taking his net worth to $3 billion (£2.35 billion). That’s $1 billion more than he was valued last year and $1.4 billion more than his 2021 net worth.
MJ’s eye-popping net worth landed him on Forbes’ list of the 400 richest people in America, becoming the first professional athlete to appear on the list. Jordan first launched Air Jordan sneakers in 1985, and Nike estimates that the brand’s merchandise sales are about $3 million, but the brand’s actual sales are $70 million.
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Jordan’s ongoing partnership with Nike led the brand to announce in a report last year that their annual wholesale revenue reached $6.6 billion. In recent years, Air Jordan’s influence has spread far beyond the NBA and the United States, with French Ligue 1 giants Paris Saint-Germain adopting the iconic Jordan logo on their alternative jerseys.
The former Chicago Bulls star also invested in gambling company Draftkings and in 2020 became a co-owner of NASCAR team 23XI Racing. He also owns the Charlotte Hornets, which was recently valued at $1.5 billion.