Michael Jordan Net Worth Soars To $3 Billion After Hornets Sale
— Updated on 16 January 2024

Michael Jordan Net Worth Soars To $3 Billion After Hornets Sale

— Updated on 16 January 2024
Garry Lu
WORDS BY
Garry Lu

There’s a reason Michael Jordan is generally considered the GOAT — and part of it has to do with his enviable net worth.

Having led the Chicago Bulls to dynastic success throughout the 90s, squaring away six NBA championships over the span of two legendary three-peats, collected a few Olympic gold medals with the Dream Team, and casually changed the entire game as we know it along the way… you’d think his accomplishments as a professional athlete alone would’ve been enough to satisfy His Airness.

But clearly, that isn’t the cloth from which MJ is cut. And with a taking-it-personal mentality that transcended the basketball court and filtered its way into the boardroom, he now has a staggering ten-figure fortune to show for it. A fortune, it’s worth adding, that simply refuses to stop growing.



Michael Jordan Overview

Michael Jordan's Net Worth (2023)

Name: Michael Jeffrey Jordan (“MJ,” “His Airness,” “Air Jordan”)
Age: 60
Date of Birth: February 17, 1963 (New York City, New York US)
Height: 6 ft 6 in (198 cm)
Weight: 216 lb (98 kg)
Wingspan: 82.7 in (211 cm)
College: University of North Carolina
Team: Washington Wizards (2001-2003) | Chicago Bulls (1995-1998) | Chicago Bulls (1984-1993)
Position: Shooting Guard / Small Forward
Jersey Number: 23 (also 12 and 45)
Social Media Accounts
Instagram — N/A
Twitter — N/A
Michael Jordan Family:
Yvette Prieto (wife), Juanita Vanoy (ex-wife), Jeffrey Jordan (son), Marcus Jordan (son), Jasmin Jordan (daughter), Victoria and Ysabel (twin daughters)


Michael Jordan NBA Career Stats

  • Naismith Memorial Basketball Hall of Fame (Class of 2009)
  • 6 × NBA Champion (1991, 1992, 1993, 1996, 1997, 1998)
  • 6 × NBA Finals MVP (1991, 1992, 1993, 1996, 1997, 1998)
  • 5 × NBA Most Valuable Player (1988, 1991, 1992, 1996, 1998)
  • 14 × NBA All-Star (1985-1993, 1996-1998, 2002, 2003)
  • 10 × Scoring leader (1986–1993, 1995–1998)
  • NBA Defensive Player of the Year (1987–88)
  • NBA Rookie of the Year (1985)
  • 3 × NBA All-Star Game Most Valuable Player (1988, 1996, 1998)
  • 2 × NBA Slam Dunk Contest Champion (1987, 1988)
  • 3 × Steals Leader (1988, 1990, 1993)
  • 2 × Minutes Leader (1988, 1989)
  • 2 × IBM Award Winner (1985, 1989)
  • 11 × All-NBA Selection
  • 9 × All-Defensive selection
  • NBA All-Rookie Selection
  • 7 × The Sporting News Most Valuable Player (1988, 1989, 1991, 1992, 1996, 1997, 1998)
  • The Sporting News Rookie of the Year (1985)
  • Sports Illustrated Sportsman of the Year (1991)
  • Ranked #1 by SLAM Magazine’s Top 50 Players of All-Time
  • Ranked #1 by ESPN SportsCentury’s Top North American Athletes of the 20th Century

What Is Michael Jordan’s Net Worth?

Michael Jordan Net Worth (2023): GOAT, Sneaker Don, Billionaire

NOTE: All $$$ = USD (not adjusted for inflation)

According to Forbes, Michael Jordan’s net worth is now approximately $3 billion.

His latest bump is owned to the sale of his majority stake in the Charlotte Hornets at an eye-watering $3 billion valuation.

While Jordan was the first former NBA player to hit billionaire status, the honour of being the first active NBA player to hit billionaire status belongs to LeBron James, who joined this rarefied company in 2022.

Although we’re sure His Airness won’t really mind the semantics outlined above. Especially considering he’s now the first-ever professional athlete to rank among The Forbes 400 rankings.

“Michael’s one of the few people that have had success three times,” said Ted Leonsis, owner of the Washington Wizards, Mystics, and Capitals owner. Leonsis has partnered with Jordan on multiple investments and sports ownership to date.

“A lot of entrepreneurs, they make it once. They have a big win, take their winnings, retire and [we] never hear from them again, or they try something a second time and it doesn’t work. He’s had three mega successes.”


On-Court Earnings

Michael Jordan's Net Worth (2023) - On-Court Earnings

In stark contrast to LeBron James — who is actually the highest-paid player in NBA history (cumulative earnings) — the paycheques Michael Jordan cashed during his time with the Chicago Bulls and the Washington Wizards are rather negligible in the grand scheme of his net worth.

The #3 draft pick was paid $555,000 in his rookie season, along with a $100,000 signing bonus. Eventually, during his final two seasons with the Bulls, he’d command a salary that more closely resembled the contracts of present-day superstars.

All up, Michael Jordan’s career earnings as a professional basketball player totals just $93,877,500.

Check out the breakdown of MJ’s player salaries across his 16 seasons within the league.

SeasonTeamBonusesSalary
1984-85Chicago Bulls$100,000$555,000
1985-86Chicago Bulls$630,000
1986-87Chicago Bulls$737,500
1987-88Chicago Bulls$50,000$845,000
1988-89Chicago Bulls$50,000$2,050,000
1989-90Chicago Bulls$50,000$2,300,000
1990-91Chicago Bulls$2,500,000
1991-92Chicago Bulls$3,250,000
1992-93Chicago Bulls$4,000,000
1993-94Chicago Bulls$4,000,000
1994-95Chicago Bulls$3,850,000
1995-96Chicago Bulls$3,850,000
1996-97Chicago Bulls$30,140,000
1997-98Chicago Bulls$33,140,000
2001-02Washington Wizards$1,000,000
2002-03Washington Wizards$1,030,000
Est. Earnings (16 Seasons)$250,000$93,877,500
SeasonsTeamTotal Salaries
14Chicago Bulls$91,847,500
2Washington Wizards$2,030,000

Off-Court Earnings

Michael Jordan's Net Worth (2023) - Off-Court Earnings

Given His Airness only pocketed $90 million across his 15 seasons playing in the NBA (13 with the Chicago Bulls, two with the Washington Wizards) — and far less during his brief stint in minor league baseball with the Chicago White Sox — the vast majority of his fortune can be attributed to his commercial dealings.

Here’s how Michael Jordan won the game of life.

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Michael Jordan’s Nike Deal (Air Jordan Brand)

Michael Jordan's Nike Contract

In 1984, before he’d even laced up for his professional debut, Michael Jordan inked a contract with Nike which included Nike stock options as well as an insanely lucrative revenue share agreement.

During the 2022 financial year, the Nike Air Jordan brand generated $5.1 billion worth of revenue with MJ himself reportedly pocketing 5% or approximately $256.1 million — that’s over double his entire NBA career earnings in just a single year.

In the fiscal year prior, it was estimated Jordan (the man) pocketed around $240 million from Jordan (the brand) based on revenue amounting to $4.8 billion.

According to Centuro Global, Michael Jordan has earned an estimated total of $1.3 billion from Nike royalties. And it’s all because Converse refused to meet His Airness’ demands.

A pair of shoes

Michael Jordan’s Nike contract irrefutably established the richest athlete endorsement deal in history — and is widely considered as such — it should also be considered the biggest endorsement bargain in sports.

Nike is synonymous with some of the world’s greatest athletes and record-breaking commercial success in the present era. But that wasn’t always the case.

As some of you may recall thanks to Ben Affleck’s Air — in which he also co-starred as Nike co-founder & CEO Phil Knight alongside Matt Damon (Sonny Vaccaro), Jason Bateman (Rob Strasser), Chris Tucker (Howard White), Viola Davis (Deloris Jordan), and more — back in the 80s, it was nothing more than a fledgling company.

A fledgling company that simply couldn’t compete with the more established likes of Converse, the NBA’s staple footwear at the time, or Adidas, who were stronger in every regard from revenue to branding.

After some negotiations and a whole lot of corporate seduction, Nike welcomed the legendary Chicago Bulls shooting guard to the family with an upfront commitment of $250,000, as well as his very own signature shoe line with a piece of the action.

The revolutionary Air Jordan shoe was a sports marketing dream. Association with Michael Jordan aside, the NBA was ready to fine the young gun $5,000 per game due to the amount of colour it showcased – which Nike happily paid for the free publicity.

Nike fully leaned into the “banned narrative” and manufactured controversy for their own advertising campaign, highlighting the power and allure of individuality.

The Air Jordan 1 ad also cheekily alluded to the real reason being some kind of performance advantage Nike’s patented Air technology provided MJ:

“On Oct. 15, Nike created a revolutionary new basketball shoe. On Oct. 18, the NBA threw them out of the game. Fortunately, the NBA can’t keep you from wearing them. Air Jordans. From Nike.”

Best believe Converse are kicking themselves right now.


Charlotte Hornets NBA Team

Michael Jordan Charlotte Hornets Owner
(Photo by Jacob Kupferman/Getty Images)

In 2010, Michael Jordan bought into the Charlotte Hornets for a reported sum of $275 million, and as the franchise appreciated, so too did his net worth.

As alluded to earlier in this article, he’s now offloaded his majority stake to a consortium led by minority owner Gabe Plotkin and Rick Schnall, who has a slice of the Atlanta Hawks in his portfolio — ending his “unsuccessful” 13-year custodianship of the NBA team currently featuring LaMelo Ball, Kelly Oubre Jr, Gordon Hayward, and Terry Rozier.

For context, MJ sold a significant minority stake to Plotkin, Founder & Chief Investment Officer of Melvin Capital, and Daniel Sundheim, Founder & Chief Investment Officer of D1 Capital, back in 2020. The latter of whom is also a part of the group purchasing the Hornets this time around.

Suffice it to say, history has repeated itself. Albeit in a far more successful way.

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Michael Jordan-Denny Hamlin NASCAR Team (23XI)

The Charlotte Hornets isn’t the sole sports team in Michael Jordan owns/has owned.

In 2020, MJ partnered with Joe Gibbs Racing driver Denny Hamlin to form 23XI Racing (pronounced “twenty-three eleven”).

The organisation fields the #23, #45, and #67 Toyota teams for motorsport talents Bubba Wallace, Tyler Reddick, and Travis Pastrana, plus ex-Formula 1 competitor Kamui Kobayashi.

23XI, which currently has a technical alliance with JGR, brings in $30 million worth of sponsorship money annually and the entire operation is believed to be valued at around $150 million.


Grove XXIII

Michael Jordan Golf Club - GROVE XXIII

Considering golf is one of MJ’s favourite pastimes — aside from gambling, fishing, and chomping cigars — it should come as no surprise that Michael Jordan has his very own golf course. And he hasn’t exactly half-assed this otherwise frivolous endeavour, either.

Located on what used to be an orange grove near Hobe Sound, South Florida — conveniently around the corner from MJ’s own pad — Grove XXIII offers a whole range of delights for golfing casuals, enthusiasts, and pros alike.

Membership is so exclusive that Masters, PGA, and Open champion Phil Mickelson revealed even he had to join the waitlist. The total club member head count? By the last reports, less than 100.

“Fortunately, I know a number of members there,” Mickelson told The Dan Patrick Show.

Diagram

“My wife and I just bought a lot fairly close to there, it’s only about 10-15 minutes away, so it will be a great place to play and practice.”

Taking inspiration from Shinnecock Hills, the state-of-the-art 18-hole golf course itself has been designed by internationally celebrated specialist architect Bobby Weed. It features a double-helix route which effectively means the course can be played in four nine + nine combinations or shorter three-to-six-hole loops.

Over to the exceedingly contemporary clubhouse — courtesy of Nichols Brosch Wurst Wolfe & Associates (NBWW) — this 15,000-square foot structure consists of both men’s and women’s locker rooms, an indoor and outdoor lounge area, kitchen and dining spots, as well as a pro shop. Golf cart storage and back-of-house space can also be found below ground.

A large green field in front of a house

Additional amenities you’ll find at Grove XXIII include the following:

  • 1 x Gatehouse
  • 1 x Practice range
  • 1 x Learning facility
  • and as you may have already encountered online, UAV drones dedicated to delivering beers & snacks to golfers on the course

In the words of the man himself: “In any investment, you expect to have fun and make money.”


Real Estate

Michael Jordan's Net Worth (2023) - Real Estate

From a lakefront house and condo in North Carolina to a holiday home in Utah’s Park City, Michael Jordan pretty much has it all. But the most famous inclusion within his multi-million-dollar real estate portfolio is the Chicago mansion he’s been unable to sell for over a decade now.

Originally listed for $29 million, 2700 Point Dr features a highly customised design, which might be the reason why nobody else wants it. I guess not everyone wants a regulation-sized basketball court, cigar room, card room, putting green, or any MJ-specific flourishes in their family abode. At least not anybody who could afford this palatial Highland Park residency.

The property itself sits atop seven acres of “immaculate landscaping,” complete with evergreen trees, a forest preserve, a fish pond, as well as a long driveway from the front gate to ensure maximum privacy.

Additional details about 2700 Point Dr include the following:

  • 9 x Bedrooms
  • 15 x Full bathrooms
  • 4 x Half bathrooms
  • 1 x Hellva kitchen
  • 1 x Personal gym
  • 1 x circular infinity pool w/ grass island
  • 1 x tennis court
  • 1 x home cinema
  • 1 x game room
  • 1 x wine cellar
  • 1 x 14-car garage

Make your best offer, I suppose.


Other Hustles

And then the rest…

  • DraftKings
    Michael Jordan signed on to become a special advisor to DraftKings in exchange for an undisclosed percentage of equity; the initial announcement caused the betting giant’s stock price (NASDAQ: DKNG) to surge by 13%
  • Gigster
    Keen to test his might as a venture capitalist, Michael Jordan is also a prominent investor in the San Francisco-based tech startup Gigster, which is a smart software development service combining “top developers, designers, and product managers with artificial intelligence to build your project” at twice the speed
  • Michael Jordan’s Steakhouse
    Pretty self-explanatory: founded in 1997… main location was previously in Grand Central Terminal, NYC (closed in December 2018)… four locations are currently still up and running
  • McDonald’s; Gatorade; Hanes
    Notable brand deals

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Michael Jordan Net Worth — Frequently Asked Questions

What is Michael Jordan's net worth?

As of 2023, Michael Jordan’s net worth is more than $3 billion.

How much did Jordan make from Nike?

It’s understood that in 2023, Michael Jordan made a total of $1.6 billion so far from his contract with Nike.

Is Michael Jordan is a billionaire?

Yes, Michael Jordan has been a billionaire since 2014 and moved into the Forbes 400 list in 2023.


Also read:

Garry Lu
WORDS by
After stretching his legs with companies such as The Motley Fool and the odd marketing agency, Garry joined Boss Hunting in 2019 as a fully-fledged Content Specialist. In 2021, he was promoted to News Editor. Garry proudly retains a blue belt in Brazilian Jiu-Jitsu, black bruises from Muay Thai, as well as a black belt in all things pop culture. Drop him a line at [email protected]