The greatest basketball player of all time, Michael Jordan, not only holds this title on the court but also in his bank account.
With a net worth of $3 billion, Jordan has secured a spot on the prestigious Forbes 400 list.
Michael Jordan is the first athlete to make the Forbes 400 list of richest Americans
He’s now worth $3B 💰🔥
(Via @FOS ) pic.twitter.com/dvGml9y9Du
— NBACentral (@TheDunkCentral) October 2, 2023
This remarkable achievement was made possible by the sale of his majority stake in the NBA team, the Charlotte Hornets, at a valuation of $3 billion – the second-highest sale price in league history.
Jordan’s journey to becoming a billionaire began with his illustrious career with the Chicago Bulls, where he won six NBA championships.
While his success on the court is well-known, his off-court ventures have equally contributed to his immense wealth.
One of the primary sources of his income is the Jordan Brand, a subsidiary of Nike Introduced in 1985 with the release of the iconic Air Jordan sneaker, the brand continues to generate billions in revenue annually.
Apart from the Jordan Brand, Jordan has invested in various sectors, showcasing his diverse business interests.
From NASCAR and golf to fishing, car dealerships, and the restaurant industry, Jordan has left no stone unturned.
His involvement in these areas has not only added to his financial success but has also solidified his status as a multifaceted entrepreneur.
“Michael’s one of the few people that have had success three times,” Ted Leonsis, the Washington Wizards, Mystics and Capitals owner, told Forbes. “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 the basketball court, Jordan’s achievements are equally remarkable. With 14 All-Star appearances, 10 scoring championships, five MVP awards, and nine All-Defensive team selections.
After leaving the Bulls for the final time, Jordan played two seasons for the Washington Wizards before ultimately retiring for good after the 2002-03 season.
