Michael Jordan Becomes First Athlete to Make It on the Forbes 400 Richest People List
04.10.2023 - 22:39
/ justjared.com
Michael Jordan is making history!
The 60-year-old former NBA superstar has landed on the Forbes 400 list of the world’s wealthiest people, making him the first professional athlete to do so.
Throughout his time in the NBA, where he spent most of his time with the Chicago Bulls with the iconic No 23 jersey, he earned $94 million across 15 seasons, becoming the highest paid player in the league in 1997 and 1998.
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However, his brand deals outside of the NBA, with Hanes, Nike, Gatorade, McDonald’s have earned him billions. Most recently, his reported yearly royalty check from Nike was valued at $260 million!
His most recent major financial transaction is what put really catapulted his earnings and landing him on the Forbes list.
In August 2023, Michael sold his majority stake in the Charlotte Hornets NBA team for a $3 billion valuation, the second-highest sale price in league history and nearly 17 times higher than when he first became a principal owner in 2010. Wow!
While he did sell his majority stake, Michael still has a small stake in the Hornets team.
In addition, Michael has had many other business ventures over the years, including car dealerships, restaurants, a tequila brand, and equity investments. He’s also bought into CLEAR, Mythical Games and even DraftKings and Sportradar.
Did you know Michael Jordan has had one of the most expensive celebrity weddings?