Michael Jordan's Net Worth is 2.2 Billion. He was also known by his initials MJ. He earned $93.7 million in salary during his NBA career. Michael earns over $30 million in salary. He became the first athlete in the history of the world to earn such a huge amount. In the 1996-1997 season, he earned $30.14 Million as a base salary. He earned $100 million per year from brand endorsement.
Every year he earned $60 million From the Nike/Jordan brand. Due to his ownership stake in the Charlotte Hornets NBA team, he became a billionaire. On 12 September 1984, Michael signed his rookie contract with the Bulls. The contract is for seven years and he signed a $6 million deal. After the fifth season ended Michael Jordan and Chicago's $25 million eight-year contract extension.
At that point, it was the largest transaction in NBA history. Due to this contract, his yearly salary jumped to around $5 million. He retired and returned to the NBA twice. The main reason for his first retirement was to play minor-league baseball. He is a team owner, product endsor, retired American basketball player, and entrepreneur. He earned 1.5 billion from corporate partners.
Do you know: 58% of all basketball shoe sales are Air Jordans.The brand genrates 2.5 billion annual sales for Nike.
Michael Jordan Nike Deal
He broke all the records of the brand endorsement when Nike agreed to pay him $500,000 per year for five years. He has never worn a pair of Nike shoes in his life. Michael Jordan hoped to sign with Addidas but Nike's offer was too rich. In March 1985 Air Jordan first appeared in the stores. Within two months 2 million pair of Air Jordan was sold. Air Jordan generated $100 million in revenue from the first-year sale for Nike.
In 1992 he earned 25 cents for every Jordan shoe selling. Today Michael Jordan makes $4 per shoe sold. From 2002 to 2012 Nike paid $480 million to Michael in shoe royalties. Today Nike gives $80 to $100 million royalty check to Michael Jordan. His royalty check has topped $100-$120 million in recent years.
Michael Jorden's Net Worth History:
- In 2009 Michael Jorden's Net Worth was $500,000,000.
- In 2013 Michael Jorden's Net Worth was $650,000,000.
- In 2014 Michael Jorden's Net Worth was $1,000,000,000.
- In 2016 Michael Jorden's Net Worth was $1,100,000,000.
- In 2017 Michael Jorden's Net Worth was $1,200,000,000.
- In 2018 Michael Jorden's Net Worth was $1,500,000,000.
- In 2019 Michael Jorden's Net Worth was $1,900,000,000.
- In 2020 Michael Jorden's Net Worth was $2,200,000,000.
