How much is Michael Jordan worth?
|Net Worth:||$1.6 Billion
|Profession:||Retired NBA Player / Business Magnate|
|Date of Birth:||February 17, 1963|
|Country:||United States of America|
Who Is Michael Jordan
Michael Jordan is probably the greatest basketball player ever and is certainly the best known in the sport. Born in Brooklyn, New York City, Michael Jordan’s career as a player was awe inspiring. He not only dominated the game in the United States but also popularized it around the world. Not only that, after earning only about $100 million dollars from his entire sporting career — with is a drop in the bucket compared to what some players earn in their careers now. I mean, so far in LeBron James’ career he has already cleared $272 million. Michael Jordan has since earned over$1 billion dollars through shrewd investments since leaving the game.
It might come as a surprise to many that when he was at High School in Wilmington, North Carolina, he was judged too short for the varsity basketball team. He was, after all, only 5’11” at that time. This decision rankled with him, and he trained with determination, and actually grew 4 inches over the next few months. The effort he put in earned him a varsity place, and he soon showed that he was a star in the making. MJ, as everyone knows him, was hot property, and colleges were vying to recruit him. He chose to accept the offer of a basketball scholarship at the University of North Carolina in 1981.
American retired-basketball player and business magnate Michael Jordan has a net worth of $1.6 billion dollars, as of 2020.
Into The NBA For All-Time
MJ’s college career sparkled, and he chose to cut his college career short in 1984 and entered the NBA draft. Chicago Bulls snapped him up, and he helped them to the NBA Championships in 1991, repeating the feat in both 1992 and 1993. This ‘three-peat’ achievement, that is winning three consecutive championships, is a goal for many sports teams in the US. Achieving the ‘three-peat’ had taken the Bulls, with Jordan as their star, seven seasons, due to their being thwarted repeatedly by the Detroit Pistons. The Pistons had to adopt special tactics to meet the challenge that MJ presented. They concocted what they termed “Jordan Rules” to freeze him out of the games.
Michael Jordan was a great defensive player, but he was also a prolific scorer. His abilities in the air were often proved in Slam Dunk Contests, where he slammed the ball from the free-throw line. MJ earned the nicknames “Air Jordan” and “His Airness” as a consequence of these skills. Yet, in 1993, Michael announced that he was retiring from NBA basketball, much to the shock of not only the world of basketball, but sports fans generally around the globe. Part of the reason he gave was that he was tired of the pressure and of the glare of publicity. It seems, though, that the major reason was the murder of his father a few months earlier. MJ was close to his father and his death was a blow to the young player. He further shocked the world of sport by switching to play Minor League baseball, first for the Chicago White Sox, then the Birmingham Barons and finally for the Scottsdale Scorpions.
Chicago Bulls struggled during the 1994-95 season. MJ’s absence was affecting them, and they were sitting uncomfortably with a 31-31 record at one point in the spring of 1995. On March 18 1995, a two-word press release announced MJ’s return. It simply said “I’m back.” Michael Jordan’s return put some zip into the Bulls campaign, and they made it to the play-offs. They were beaten in the play-offs by Orlando Magic, but at one point earlier in the season, it looked unlikely they would even get to the play-offs.
Defeat in the play-offs for the 1994-1995 season disappointed MJ and he determined to train harder and much more aggressively for the following season. The Bulls added Dennis Rodman to their line-up, and they had a magnificent season. Michael Jordan was back, playing as well as ever, and this gave the team confidence with every player putting maximum effort into the games. The Bulls took the title for the 1995-1996 season, and followed this with the 1996-1997 title and the 1997-1998 title. A second ‘three-peat’ for the Bulls.
In 1999 Michael Jordan retired for a second time, but a year later came back as part owner and president of the Washington Wizards. During the spring and summer of 2001, rumors abounded that MJ was considering another return to top flight basketball as a player. He trained through the summer, and then returned to play for the Washington Wizards. He donated his salary to the victims of the September 11 attacks on the World Trade Center in New York City.
Michael Jordan played his final games in the NBA for the Washington Wizards in 2003, and was feted by his team-mates, opponents and the crowd at his last ever game in Philadelphia on April 16. The greatest basketball player then hung up his sneakers and his team retired his number 23. He is only one of three players to win Olympic gold as both an amateur player and as a professional (1984 and 1992)
How Did Michael Jordan Get So Rich?
As a player in one of the wealthiest sports in the world, and being an incredibly marketable sportsman, Michael Jordan has accumulated a truly eye-watering fortune. In 2020 it is estimated that his fortune now stands at $2.2 billion. He was the highest paid sportsman of all time, earning $93.7 million during the 16 seasons he played in the NBA.
Most of MJ’s money, however, has come from interests away from the basketball court. His association with Nike, and the marketing of his Air Jordan brand of sneakers, has made him upward of $1 billion. He also has partnerships with Upper Deck, Gatorade and Hanes.
MJ is the majority owner of the Charlotte Hornets, and that has a valuation of $1.5 billion. He has a small stake also in the Miami Marlins.
He has appeared in a small number of movies, including Space Jam. He has also appeared on TV on occasion and does act as a commentator for NBA games now and then. He is popular as a pundit discussing the NBA and basketball generally.
What Makes Him So Successful?
Michael Jordan is successful through having been a talented basketball player, who is endowed with a willingness to train hard and apply maximum effort to being the best He firmly believes that everything anyone attempts must be done with the maximum effort and the desire to do it better than anyone else. Ambition is fine, but achieving an ambition requires self-belief and self-control. He advises that when you know you can do something, make sure you don’t mess up by being distracted. Stay focused as he was throughout his career.
Michael Jordan was the best player ever, and is the wealthiest sportsman ever. He got there by working to achieve his ambition, taking opportunities when they came along and devoting himself to his training and, later, his business interests. If you have talent, whatever it might be, don’t waste it!.