Retired NBA player Michael Jordan is one of the figures that is subject to who is the greatest of all time. Regardless, there is no denying that the NBA great has established his mark. But what is Michael Jordan's Net Worth for 2023?
Ironically, the net worth of Michael Jordan for 2023 was recently updated. The six-time NBA champion became the latest pro athlete to make it to the Forbes list of 400 Richest Americans, with his net worth pegged at $3 billion.
It was the first time Jordan entered that elite list, ranking no. 379 last October 3. That update also means he joins the company of several notable names, such as Tesla CEO Elon Musk and Amazon founder Jeff Bezos.
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Also, he is only the third athlete to earn billionaire status. The others are golfer Tiger Woods and another NBA player who remains active to this day, LeBron James, Fox Business reported.
Michael Jordan's Net Worth 2023: $3 billion
Given the salary and numerous endorsements that Michael Jordan has had, it is not surprising to see him make the billionaire's list, NBC Philadelphia reported.
During his prime, Jordan is believed to have earned a total NBA salary roughly tipped at $93.8 million. Compared to the ridiculous contracts and money current NBA players are getting, that is a modest amount during "His Airness'" peak years.
However, Jordan did not solely rely on his NBA salary to make his fortunes. Despite being retired, "His Airness" makes $100 million annually from endorsements and business ventures per Celebrity Net Worth.
Michael Jordan's Wealth
Wise business investments have been the key to allowing Jordan to remain where he is right now in the financial aspects. One venture that stands out is his ownership stake with the Washington Wizards and the Charlotte Hornets.
Most will recall his first try with the Wizards, where he even suited up for the team in 2001. Although he showed he could still be efficient, he was an entirely different Michael Jordan compared to what people best remember him to be. He put a lid on his NBA career in 2003 and has since been involved in basketball in a different but higher capacity.
Jordan reached a point where he became the majority stakeholder, raising his ownership stake from 80- to 89.5 percent. At the time, the Hornets were valued at $600 million in 2014.
However, Jordan eventually settled to become a minority stakeholder for the Charlotte Hornets earlier this year. He sold 80 percent of his stake, valued at roughly $2 billion.
Although he cashed out, his wealth increased from $2.2 billion to $2.6 billion.
Beyond the Hornets, Jordan gets royalties from brands such as Nike, Gatorade, and Hanes. He is reportedly getting $2.4 billion before taxes from these companies.
Other brands that Jordan endorsed for a time include Wheaties, McDonald's, Coca-Cola, Chevrolet, Ball Park Franks, Rayovac, and MCI.
Further, the NBA great also maintains deals with Upper Deck, 2K Sports, and Five Star Fragrances. Jordan even owns a car dealership and seven restaurants.
Given his wise investments, there is no denying that Jordan could rack in more wealth in the coming years. Hence, it begs to ask: How much will Michael Jordan's net worth be in 2024?
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