What is Michael Jordan's net worth in 2022?
Business

What is Michael Jordan's net worth in 2022?

wasim tariq
wasim tariq
4 min read

Michael Jeffrey Jordan aka M.J. is an American businessman and former professional basketball player with an estimated net worth of $1.7 billion as of 2022 according to Forbes.

MJ played in the National Basketball Association (NBA) for fifteen seasons. He played a pivotal role in popularizing the NBA around the world during the 1980s and 1990s and became a global cultural icon.

The official NBA website states his biography as: "By acclamation, Michael Jordan is the greatest basketball player of all time."

Let's learn more about the legendary player in our article today.

Key points

Michael Jordan is considered by many experts to be the best player of all time in the NBA.He won six NBA championships during his time with the Chicago Bulls.His cumulative earnings from his professional career totaled $90 million.It made about $1.8 billion in pre-tax profits through endorsement of international brands like Nike, Hanes, and Gatorade.MJ invested and became an advisor to the board of directors for sports betting firm DraftKings in September 2020.He became part owner of the NASCAR team in late 2020.

Michael Jordan, majority shareholder and primary owner of the Charlotte Hornets, sold a small stake in the company in 2019 valuing the NBA team at a whopping $1.5 billion.

NBA career

Jordan made his debut as an NBA player in 1984 and scored 16 points. Jordan once again led the league during the 1987–88 seasons and scored 35.0 points per game on 53.5% shooting.

Jordan created a record in 2016 when he became the first billionaire player in NBA history.

Awards and Achievements

He has won several prestigious awards such as six-time NBA champion, six-time NBA Finals MVP, five-time NBA MVP, NBA Defensive Player of the Year, NBA Rookie of the Year, three-time steals leader NBA All-Star Game MVP, three-time NBA All-Star Game MVP, only NBA Second Team, nine-time NBA All-Defensive First Team, and two-time NBA Slam Dunk Contest Champion, among others.

In 2009, he became a member of the US Olympics Hall of Fame and a year later a member of the North Carolina Sports Hall of Fame.

Investment Property

MJ resides in a massive mansion in Jupiter, Florida that spans 26,000 square feet. He bought the property for $4.8 million more than a decade ago in 2011 and spent about $7.6 million building his dream home.

He owns another property in Charlotte, North Carolina, which he bought for about $3 million, and another property in Salt Lake City, Utah.

MJ also owns a 7-acre property in Chicago that has several amenities including an NBA-quality basketball court, pool pavilion, 15-car garage, tennis courts, and wine cellar.

Sponsorship offers

MJ is considered one of the most effective athletes of his generation. Jordan has endorsed various products such as Nike, Coca-Cola, Chevrolet, Gatorade, McDonald's, Ball Park Franks, Rayovac, Wheaties, Hanes, and MCI in his professional career.

He played a crucial role in the success of Nike's Air Jordan shoes in 1984. MJ had a long-standing business relationship with Gatorade, appearing in more than 20 commercials representing the brand since 1991.

Luxury car collection

MJ has an amazing collection of fancy cars in his garage. The collection includes:

C4 corvettePorsche 930 Turbo Cabrioletchevrolet corvette c5chevrolet corvette zr1Ferrari 512TRRange Rover HSE 4.6Aston Martin DB9 Steering WheelFerrari 488 track spiderferrari 550 maranelloFerrari 599 GTB FioranoPorsche 993 Turbo SCadillac XLR-V

 

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