Michael Jordan net worth - Michael Jordan is arguably the most distinguished player to ever step onto the basketball court. In 15 seasons as a professional player, 'His Airness' earned several enviable awards, including the NBA Championship and the MVP award up to 6 times. Earlier in the year, he increased his stake in the Charlotte Hornets to become one of the richest African-American athletes? You are probably wondering what exactly is Michael Jordan net worth?

According to the Forbes, Michael Jordan net worth is over $1 billion. The basketball Hall of Fame inductees' estimated total worth grew notably earlier in the year after he increased his stake in the Hornets from 80% to 89.5% at a cost of about $55 million.

Michael Jordan net worth has also been supported by the fact that he continues to make up to $90 yearly from endorsement deals. Air Jordan's historic deal with Nike has been at the center of this money-making run.

Michael Jordan is regarded as one of the highest earning retired athletes and the only African-American majority shareholder in the NBA. Recently, he revealed that he feels 'good' to see other retired players get into ownership of teams.

Jordan has also disclosed that his first three years at the helm of the Hornets was a learning period. "I've always considered myself a very successful owner that tries to make sound decisions," he said. "And when you make bad decisions, you learn from that and move forward. I think I'm better in that sense. I've experienced all of the different valleys and lows that ownership and successful of business. If that constitutes me being a better owner, then I guess I am."

The Hornets, who are undergoing a major re-branding exercise, finished 3^rd in the Southeast division this past season.

Pundits say Michael Jordan net worth will benefit greatly from the new-found streak of success his team is enjoying.