Michael Jordan is widely considered the greatest basketball player of all time. He played for the Chicago Bulls for most of his professional career, winning six NBA championships. He also won two Olympic gold medals as a United States men’s basketball team member. After retiring from playing basketball, Jordan became an entrepreneur and investor. His net worth is estimated to be $2.1 billion as of 2020.
There’s no doubt that Michael Jordan is one of the greatest basketball players. He dominated the NBA for over a decade and achieved feats that many pro athletes can only dream of. But what does Michael Jordan do now? MJ has made a fortune through his playing career and endorsements, but his net worth continues to climb as he moves into new business ventures. Here’s a look at what makes up MJ’s massive wealth and how he continues to add to it today.
Most of Jordan’s wealth comes from his ownership stake in the NBA’s Charlotte Hornets. He bought the team in 2010 for $275 million, and it is now worth an estimated $1.5 billion. Jordan also earns a hefty sum from his endorsement deals with companies like Nike, Gatorade, and Hanes. In addition, he has his line of clothing, shoes, and accessories called Jordan Brand. Jordan’s other business ventures include a minority stake in the MLB’s Miami Marlins and two restaurants.
Jordan’s fortune comes from various sources, including his playing salary, endorsements, and investments. He was the highest-paid basketball player in the NBA for many years during his playing career. In 1997, he signed a two-year contract with the Bulls that paid him $30 million. His endorsement deals with Nike, Gatorade, and Hanes have also been extremely lucrative. Jordan has started to focus more on investing in businesses, including golf courses, restaurants, and car dealerships, in recent years.
Michael Jordan continues to add to his already massive wealth through savvy investments and endorsement deals. He is also involved in several philanthropic endeavors, including the Michael Jordan Foundation and the James R. Jordan Foundation. With an estimated net worth of $2.1 billion, MJ is the richest former professional athlete globally.
Jordan’s net worth will continue to grow in the coming years as he expands his business portfolio. He is always looking for new opportunities to invest in, and it seems like there is no limit to what he can achieve. MJ is truly one of the richest athletes in the world and shows no signs of slowing down anytime soon.
It’s amazing how much money MJ has amassed over the years. He is one of the world’s wealthiest athletes, and it doesn’t seem like he’s slowing down anytime soon. It will be interesting to see where his investments take him in the future and how his net worth grows even larger.
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