Michael Jordan Net Worth

Michael Jordan is an American former professional basketball player and also a businessman and principle owner and chairman of Charlotte Hornets. His net worth is estimated of $1.1 billion as of October 2015, according to Forbes. He is considered as one of the most effectively marketed athletes of his generation and was considered instrumental in popularizing the NBA around the world in 1980s and 1990s. He was born on 17th February 1963 in Brooklyn, New York and attended Emsley A. Laney School in Wilmington and was also recruited by numerous college basketball programs including Duke, North Carolina, South Carolina, Syracuse and Virginia. His total worth of $1.1 billion has made him as one of the most affluent sportsmen on the planet.

In the first season in NBA, Jordan averaged 28.2 PPG on 51.5% shooting. With his entry in the NBA, he became a fan favorite even in opposing arenas and appeared on the cover of Sports Illustrated with the title “A Star is Born”, just over a month into his professional career. His fans voted him as All Star starter in rookie season. In the second season in NBA, because of his broken foot in the third game of the season, it led him to miss 64 games. In the season of 1985-1986, it wasn’t among the best in Jordan’s professional livelihood. In the year, he experienced a serious injury, which compelled him to take a rest from basketball. He became the only player other tna Wilt Chamberlain to score 3,000 points in a season, averaging a league high 37.1 points on 48.2% shooting. Increasing his ability from basketball, made him grew his net worth in the growing speed. In his professional basketball days, he has set sport records by being the first athlete to earn over $30 million per year in salary which happened from 1996-1998 while he was signed to Chicago Bulls. He has led Chicago Bulls to win 6 NBA championship titles. He is also a five-time MVP and holds the record of highest career scoring average of all time was included into the Hall of Fame on September 11th 2009. When he was 20 years old, he joined United States team in Olympic Games, which occurred in LA, California. In the year, 1984, American basketball enthusiasts celebrated success.

Jordan has not played professionally in over a decade, but he still earns an estimated $80-$100 million per year from endorsements and various business ventures. It has been reported that he earns $60 million every year from Nike. Apart from his profession in basketball, he has earned by being a spokesperson for many corporate brands including Nike, Gatorade, Wheaties, McDonald’s, Coca-Cola, Chevrolet, Ball Park, Rayovac, Hanes and MCI. In the name of Michael Jordan, he broke all endorsement records with Nike paying him $500,000 per year for five years. He has received Nike stock option which brought his total compensation to $7 million for more than 5 years. He has also starred in movie “Space Jam” from which he earned a salary of $20 million. The Air Jordan Shoe from Nike was first appeared in March 1985 and in two months, it hold the record of selling more than million pairs. In the first year of Air Jordan Nike Shoe, Jordan generated $100 million in revenues for Nike. In 2002, Michael Jordan divorced his wife of 13 years Juania Jordan, for the divorce he was to pay her a whopping $168 million divorce settlement. The millionaire player owns a bunch of plush estates including his Bears Club home, Miami Estate, Charlotte Penthouse, Architectural Estates and a number of restaurants. The millionaire basketball player also owns a personalized private jet “Gulfstream IV” toning his status. The Chicago Bull Star has been enthusiastic to motorcycle and cars. He owns a Ducati Moto GP Bike and Ducati 999. Similarly, in the list of luxurious cars in the collection of Michael Jordan includes Range Rover, Cadillac XLR and 2007 Mercedes-Benz SLR McLaren. The legendry NBA Player retired from the basketball game in 2003, playing his last match in Philadelphia receiving three-minute standing applause from his team, his opponent team and a mob of 21,257 fans.

Things to know about Michael Jordan

Full Name: Michael Jeffery Jordan
Date of Birth: 17th February, 1963
Michael Jordan in Twitter: 3.48M Followers in Twitter
Michael Jordan in Instagram: 13.8M Followers in Instagram
Michael Jordan Net Worth: $1.39 Billion

The post Michael Jordan Net Worth appeared first on etcNepal.com.