• Michael Jordan has become the first pro athlete to make Forbes’ list of the 400 Richest Americans with a net worth of $3 billion.
• Jordan won six championship titles with the Chicago Bulls and earned a salary of $90 million during his NBA career.
• In addition to his NBA earnings, Jordan received $2.4 billion from Nike and other corporate partners, and has donated significant amounts to charitable and political causes.
Here is what happened:
Michael Jordan, the retired NBA star, has achieved another milestone by becoming the first professional athlete to make Forbes’ list of the 400 Richest Americans. Thanks to his increased net worth of $3 billion, Jordan secured the 379th spot on the prestigious list. Alongside 15 other individuals, including producer Haim Saban, co-creator of the Power Rangers franchise, Jordan joins the ranks of the wealthiest Americans. Topping the list is Tesla CEO Elon Musk with a net worth of $251 billion, followed by Amazon founder Jeff Bezos with $161 billion. Throughout his illustrious NBA career, Jordan won six championship titles with the Chicago Bulls and earned a whopping $90 million salary, according to Forbes.
In 2003, Jordan decided to retire from the NBA for the third time after a 15-season career. His departure was marked by his famous statement: “I have given everything I could to the game. It’s time. I know it. I feel it.” Despite retiring, Jordan’s financial success has continued to soar. Besides his regular income, he has received a staggering $2.4 billion (pre-tax) from endorsements with Nike, as well as partnerships with brands like Hanes and Gatorade, as reported by Forbes. His net worth has tripled since 2014, reaching $3 billion. This incredible surge is attributed to his annual royalty checks from Nike, totaling approximately $260 million in the past fiscal year, and his recent deal to sell a majority stake in the Charlotte Hornets, which valued the NBA franchise at $3 billion.
Beyond his financial accomplishments, Jordan has also made significant donations to charitable and political causes. In support of the Black Lives Matter movement, he donated $100 million in 2020. On his 60th birthday, he made the largest individual contribution in the history of the Make-A-Wish Foundation, donating $10 million. These acts of generosity underscore Jordan’s commitment to making a positive impact with his wealth.
(Note: The original text contained references to eOnline, which have been removed in this rewrite.)