Many sports stars earned big fame in the world with their stupendous playing skills in any sport they belong to. One big example I would like to mention is Michael Jordan. The name itself is enough to make you acknowledge his terrific sportsmanship in basketball.
This tall American sports star is not only a basketball player but also an entrepreneur, team owner, plus product endorser. Last year his net worth was estimated at around $2.2 billion. At the time of his entire sports career in the National Basketball Association, he earned a massive salary of $93.7 million.
Michael made history in being the foremost athlete to have earned more than thirty million every year as a salary. He achieved this target during the 90s decade when his basic salary was $30.14 million. In the following season, the salary rose more.
Although Michael had never played basketball on the professional front for two decades. At present, he makes around $100 million every year via endorsing products and several business ventures. One needs to understand that these earnings are more than what he earned during his NBA days. He gets more than $50 million per year from the brand royalties (Nike/Jordan).
Michael Jordan reached billionaire rank due to his stake in an American professional basketball (NBA) team. He is known for his contribution in letting the Chicago Bulls win the six NBA championships. Moreover, the tall basketball player has made an incredible highest average scoring record and got enlisted in the Hall of Fame in 2009.
After knowing such vital facts about the legendary Basketball player, now it’s time to delve into his life, career, earnings, etc in this article.
Table of Contents
Personal Details
| Full Name: | Michael Jeffrey Jordan |
| Stage Name: | Michael Jordan |
| Gender: | Male |
| Birthday: | 17th February 1963 |
| Place Of Origin: | Brooklyn, New York, United States |
| Age: | 58 years old |
| Height: | 1.98 m |
| Weight: | 90 kg |
| Nationality: | American |
| Sexual orientation: | Straight |
| Status: | Married |
| Spouse: | Yvette Prieto |
| Profession: | Basketball player, Athlete, Spokesperson, Entrepreneur, Actor |
| Total Net Worth: | $2.2 billion |
Early Life
Michael was born in 1963 in New York. His father was in the profession of supervision of equipment and his mother was employed in finance. During his childhood days, his family relocated to the southeastern region of the United States. Michael had been a perfect sportsman in basketball.
But it was not the only sport he was interested in playing. Michael also played football and baseball in his school days. When he was studying in his 2nd year, he made efforts in getting into the basketball team but was not selected for not having the desired height.
He fumed with frustration in experiencing rejection and worked like a beast to get a much taller height. At the time when he was not selected he was only five feet eleven inches. After gaining four inches height to come at par with the selection level, there was no looking back for Michael, who scored an average of 25 points in the game.
On reaching the senior level, he passed the selection to play for a game in 1981 scoring 30 points.
Personal Life
In September 1989, Michael married Juanita. Both are parents to 3 kids. After being with each other for thirteen years, their relationship soured. And in 2002, Juanita took a stand to end the long relationship with Jordan following a divorce.
The basketball champion was supposed to make payment of more than $160 million to settle the divorce matter. It turned out to be the costliest divorce case in history that included numerous holdings of real estate and money.
Career
After gaining a height of 6’5 inch, Michael got selected in many events. But he preferred the University of North Carolina. There he performed an average score of 13.5 points every game and got the name of ACC Freshman of The Year by leading the team against the opponent’s basketball team.
With a few seconds remaining for the game, Michael made a remarkable move in hitting the basketball over the Georgetown Center Patrick Ewing. This became a shot that would bring victory to the game. Michael later mentioned that this particular shot proved a turning point in his sports career and gave him immense confidence.
Michael won many appreciations with his winning feats, and in 1984 became the recipient of the annual basketball award. He left UNC a year earlier to make his entry in the 1984 draft. He made his comeback to UNC after two years intending to complete his bachelor’s degree in Geography.
Not The First But The Third Pick
Instead of the first pick, Michael became the third pick by the Chicago Bulls. He made a seven-year contract, a $6 million deal averaging to $850K every season with the latter basketball team in September 1984.
Before Michael became the Bull in a year, the basketball team sold out only 6 games in total. And so the attendance of the latter basketball champ doubled. When the 5th season ended, Michael and the basketball team agreed to extend the contract of $25 million for eight-year.
In the history of the NBA, it is known to be the largest transaction. Michael’s salary increased to more than $4 million every year. Then coming to 1996, the contract seemed to be up. The basketball champ made another $30 million deal. In the following year, it increased further.
Michael called for retirement later but made a comeback in the NBA two times. Once he retired to play a minor league. On his second return, he played for two seasons for the Washington Wizards.
Endorsing For Top Brands
During his remarkable basketball career, and at present, Michael is still actively being a spokesman for notable brands like Coca-Cola, Nike, Hanes, and many others. He also has dealt with other brands including a resort and a perfumery company.
Apart from these top-notch brands, the basketball champ is also the owner of multiple restaurants and a car dealership.
Net Worth of Michael Jordan
Currently, $2.2 billion is supposed to be the estimated net worth of basketball legend Michael Jordan. He earned his fortune with his successful career in playing basketball worldwide. His other source of income came from endorsements and his business.
