NBA

How Is Michael Jordan Worth so Much More Now Than When He Played in the NBA?

Michael Jordan was one of the best players in NBA history. Even though he played in an era before players got nine-figure deals, he still made nearly $90 million during his NBA career.

Jordan retired following the 2002-03 season and has remained in the public spotlight since then. He developed a second career as a businessman thanks in part to the fame and fortune he earned during his career.

With all of his investments and businesses, Jordan is worth much more now than he was when he was playing in the NBA. Here’s a look at Jordan’s net worth and how it continues to increase over time.

Michael Jordan’s NBA career

The Bulls drafted Jordan out of the University of North Carolina with the third overall pick in the 1984 NBA Draft. Then, he went on to have one of the best careers in NBA history. Jordan won six titles with the Bulls. He had a regular-season average of 30.1 points, 6.2 rebounds, and 5.3 assists per game.

The Hall of Famer ranks fifth all-time with 32,292 points, and his 12,192 career field goals are the fourth-most in league history. Jordan was named to 14 All-Star teams in his career. He was a 10-time scoring champ and he won five MVP awards.

Jordan’s net worth now vs. his NBA years

Jordan played 15 seasons in the NBA; the first 13 with the Bulls and the last two with the Wizards. He earned $89,772,500 in his playing career. The majority of this came in the 1996-97 and 1997-98 seasons, when he earned $30.14 million and $33.14 million respectively.

But those earnings are just from team contracts and don’t account for money from endorsement deals, which could total tens of millions more in a year. In fact, to this day, Jordan gets annual royalty checks from Nike that average about $60 million, sometimes coming in at $100 million at more.

The NBA star earned a lot of money while he competed, but his net worth has gone up substantially in the years since. He was worth $500 million in 2009, reached the $1 billion mark in 2014, and his net worth continues to rise. Jordan is now worth $1.9 billion.

Jordan’s businesses and investments

Jordan is involved in a number of businesses, but one is particularly high-profile and lucrative for him. This investment is his majority ownership of the Charlotte Hornets.

The All-Star owns 80% of the NBA team, which he purchased for $175 million in 2010 when they were called the Bobcats. As of February 2018, Forbes valued the franchise’s value at $1.05 billion.

According to Business Insider, Jordan owns several restaurants and a Nissan dealership in North Carolina. He also recently got involved in the esports industry. One of his latest business ventures involves a premium tequila, Cincoro Tequila, as part of an investment group that includes Lakers owner Jeanie Buss.

Jordan’s numerous endorsements

Jordan was the most marketable NBA star during his career, and he continues endorsing products to this day. One of his biggest and longest-running endorsements is with Nike. His deal with the apparel company has resulted in Jordan getting his own brand of shoes, Air Jordans.

This Air Jordan brand accounts for about 58% of all basketball shoe sales, and Nike earns $2.5 billion in annual sales from it. Jordan’s other endorsement deals have included Gatorade, Wheaties, McDonald’s, Coca-Coca, and Hanes.