Michael Jordan is widely considered the greatest basketball player of all time. Jordan is also among the most intriguing and marketable personalities in NBA history. His post-NBA earnings are why Michael Jordan has a net worth of $3.5 billion in 2024.
For all the achievements and accolades he collected throughout his legendary career, His Airness has also done the same in terms of collecting assets. In June, Jordan sold the Charlotte Hornets for 3 billion to a group led by Gabe Plotkin and Rick Schnall, which buoyed his net worth to 3 billion as well. In this specific post, we're looking at Michael Jordan's net worth in 2024.
What is Michael Jordan's net worth in 2024?: $3.5 billion (estimate)
Michael Jordan's net worth in 2024 is roughly $3.5 billion after his sale of the Hornets was completed in August 2023, according to Forbes. Still, it's no wonder Jordan can afford rare luxury vehicles.
According to Forbes, Jordan's net worth makes him the richest former professional athlete in the world. He also became the first billionaire athlete and joined the three-comma club in 2014, per Business Insider.
Michael Jordan's storied basketball career
Jordan was born Feb. 17, 1963, in Brooklyn, N.Y. His family moved to Wilmington, N.C., when he was a young child where Jordan would go on to star on his high school basketball team. He then played for the University of North Carolina, where he made the winning shot in the national championship game as a freshman.
After being named the national player of the year in his junior season, Jordan was drafted third overall by the Chicago Bulls in the 1984 draft.
Jordan was an All-Star in every full year of his career, averaging 30.1 points per game. The Bulls built around Jordan and eventually won three straight NBA titles. Jordan retired in 1993 in a failed attempt to make a major league baseball team.
Michael Jordan then decided to unretire and return to the Bulls, who then won another three straight NBA titles. He retired in 1998, but could not stay away and unretired again in 2001 to sign with the Washington Wizards. The Wizards failed to make the playoffs for two seasons before Jordan permanently retired.
Michael Jordan's career NBA earnings
Believe it or not, the six-time NBA champion only made around $90 million in NBA career earnings, with $63 million coming in his final two seasons with the Chicago Bulls. He also received a steady income from endorsements for companies like Nike, Gatorade, Hanes, McDonald's, and Upper Deck.
As seen with his basketball income, Michael Jordan made most of his fortune after retiring. He continues to be an ambassador for Nike and has his apparel line, Jordan Brand, under their umbrella. He reportedly received a $256 million payout from Nike after Jordan Brand made $5.1 billion in the 2022 fiscal year. He's pushing $2 billion in pretax earnings from his corporate sponsors.
Michael Jordan's investments
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Much of his net worth now is attributed to the team he used to own, the Charlotte Hornets. The six-time Finals MVP reportedly bought the Hornets for $175 million in 2010. The franchise's worth rose in value over the past year and was sold for $3 billion.
The Hornets' value could've been higher by as much as $500 million if they had won the lottery for the 2023 NBA Draft, which would have given them superstar Victor Wembanyama.
In addition, Michael Jordan became an investor in DraftKings in 2020 and a co-owner of a NASCAR team that same year. He also owns several luxury mansions as part of his massive asset base.
Michael Jordan has done a tremendous job managing his assets post-basketball career. Other NBA players such as LeBron James and Charles Barkley will surely look up to the GOAT for this. Time will tell just how much his value has increased over the years, but it doesn't seem like it is in a place to slow down anywhere soon.
Nonetheless, were you stunned by Michael Jordan's net worth in 2024 after he turned 60 years old?
