Michael Jordan is a former professional basketball player with an estimated net worth of $1 billion as listed by The Richest. He is also an entrepreneur and the principal owner and chairman of the Charlotte Hornets. He is known as one of the greatest basketball players of all time. Last Feb. 17, Jordan celebrated his 52nd birthday and some media outlets commemorated it with a look back at his career.
In the course of Michael Jordan's basketball career, he earned over $30 million annually, which hugely contributed to his remarkable net worth value. The said salary set sports records as Jordan was the first athlete to earn that amount, which happened from 1996 to 1998 while he was playing for NBA team, Chicago Bulls.
Michael Jordan played 15 seasons in the NBA for Chicago Bulls and Washington Wizards. He was one of the most effectively marketed athletes of his generation. He was also considered instrumental in popularizing the NBA globally during the '80s and the '90s.
Michael Jordan has gained a reputation for being one of the best defensive players in basketball. He earned the nicknames "Air Jordan" and "His Airness." During his playing days, Jordan had earned exceptional accolades and accomplishments that made him as one of the most successful athletes in the world.
Though Michael Jordan has not played professionally in over a decade, he still earns an estimated $80-$100 million annually from endorsements and other various business ventures. Every year, he earns $60 million from Nike and Jordan brand royalties. According to Celebrity Net Worth, Michael Jordan's fortune is now a whopping $1 billion.
In 2002, Michael Jordan seemed to have suffered a dent in his net worth, after he divorced his wife of 17 years Juanita Jordan. According to a report, he was forced to pay a massive $168 million divorce settlement, which at that time was one-third of his net worth value. It was also one of the most expensive divorces in history that included the couple's 7-acre suburban Chicago mansion worth $29 million.
But in June 2014, it was reported that Michael Jordan had increased his ownership stake in the Bobcats that estimated to $600 million. It added to his previously listed net worth of $750 million, making a total net fortune of over $1 billion.
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