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Michael Jordan Net Worth (2022)
Lifestyle | Bio | Facts [UPDATED]

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Michael Jordan Net Worth, Biography & Lifestyle: Michael Jeffrey Jordan, also known as MJ, is a legendary former basketball player and a businessman. MJ won six NBA titles and six Finals MVP awards as a player, which as acclaimed, makes him the NBA’s greatest player of all time. With his unparalleled contribution to the NBA, it’s no wonder that the net worth of the former NBA star is $1.6 billion!

Today, we’re going to be diving deep into NBA legend Jordan’s career and we’ll be looking at:

  • How he made his fortune;
  • His career – early NBA days to now;
  • His assets – houses, cars, and other endeavors;
  • How the former athlete likes to spend his money;
  • And much more…

After hours of researching about this man, we’re really stoked to bring you the details of Jordan’s net worth that other NBA players such as LeBron James and Kevin Durant would also look up to!

(Once you’ve checked out Michael Jordan’s net worth and bio – whatever you do – scroll to the end and check out our Fun Facts Section – there are a couple of surprises for you in there!)

Let’s get started…

Who Is Michael Jordan?

Michael Jordan Net Worth Quick Overview

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Net Worth: $1.6 billion
Source of Wealth: Playing salary, endorsements, Investments
Spouse/ Relationship: Yvette Prieto (m. 2013-current), Juanita Vanoy(m. 1989–2006)
Date of Birth: February 17, 1963
Place of Birth/Nationality: American
Children: Jeffrey, Marcus, Jasmine, Victoria, and Ysabel Jordan
Height: 1.98 m or 6.4 ft

Michael Jeffrey Jordan is an American former professional basketball player and a businessman. He is currently the principal owner and chairman of the Charlotte Hornets of the National Basketball Association (NBA) and of 23XI Racing in the NASCAR Cup Series.

Throughout his career, the basketball superstar played 15 seasons in the NBA, winning six championships with the Chicago Bulls! Amazing, right? But before Michael became one of the most successful, popular, and wealthy basketball players of all time, it wasn’t always easy for this living legend.

You see..

Contrary to what people thought,  Jordan wasn’t cut from his high school team! He tried out for the varsity basketball team as a 5’11” sophomore and his friend Leroy Smith who was 6’7″ was chosen over him. This motivated him to work harder and after growing 4 inches more, Jordan had a breakout in his senior year which changed life!

Professional Basketball Career

The NBA Team Chicago Bulls were a losing team when they drafted Michael and fortunately, he was able to quickly turn this around. In his first very first season, he was honored as the league’s Rookie of the Year. He missed most of the following season due to a broken foot, but he had a glorious return when he led the NBA for seven consecutive seasons.

As if that’s not enough…

Michael became the second player after Wilt Chamberlain to score 3,000 points in a single season, he was named the NBA’s Most Valuable Player (MVP) five times, and was named Defensive Player of the Year in 1988. After leading the Bulls to their third consecutive championship, Jordan retired briefly and pursued a career in professional baseball.

Afterwards…

He returned to basketball in March 1995 and immediately afterwards, he led the Bulls to a 72–10 regular season record, the best in the history of the NBA at the time. Jordan led the Bulls three championships in a row, and each time Jordan was named MVP of the NBA finals. After the 1997–98 season, Jordan retired again.

Nike Deal And Annual Royalties

In 1984, the former professional athlete signed a five-year deal with Nike worth $500,000 annually for one of the most iconic athlete-endorsed brands of all time: the Jordan Brand. The very first pair of Nike shoes he wore was called Air Jordan I, which is the very first shoe in the Air Jordan shoe line of the brand. After he retired, he continued as an ambassador for Nike and had the Jordan Brand own apparel line. Jordan reportedly earns around $100 million from Nike royalties alone according to Business Insider.

Endorsements

Over nearly four decades, he earned billions for his endorsement deals with Coca-Cola, McDonald’s, Wheaties, Chevrolet, Hanes, Gatorade and Upper Deck. Undoubtedly, Michael Jordan’s net worth rose with all these endorsement deals.

Other Quick Facts:

  • Eye Color: Dark brown
  • Zodiac Sign: Aquarius
  • Favorite Color: Red
  • Favorite Food: Mexican or Italian
  • Tattoo: omega horseshoe (above his left breast)
  • IMDb Profile Link: Michael Jordan

How Much Is Michael Jordan Worth?

Michael Jordan’s net worth is $1.6 billion.

 Net Worth Year By Year

YearEarnings $
2011$550 million
2012$600 million
2013 $650 million
2014 $1 billion
2015 $1 billion
2016 $1.1 billion
2017$1.2 billion
2018$1.5 billion
2019$1.9 billion
2020$2.1 billion
Chart by Visualizer
⭐⭐Michael Jordan Net Worth & Biography⭐⭐ How He Made His Fortune✔ House & Cars✔ Fun Facts✔ Family, Relationships✔ Career Highlights✔ Lot More

Michael Jordan Merch.

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Driven from Within

Michael highlights that his phenomenal success came from inside out.

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Michael Jordan: The Life

The Shrug. The Shot. The Flu Game.The most compelling story of a legendary athlete.

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For the Love of the Game: My Story

Michael walks us through his life in court and away from the game.

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The Official NBA Basketball Encyclopedia (3rd Edition)

From Crossover Dribble to Spin Move – everything’s here in The Official NBA Encyclopedia!

Investments

Aside from his career earnings and endorsement deals, what really boosted Jordan’s net worth are his investments post basketball career.

Charlotte Hornets – In 2006, Jordan purchased a minority stake and in 2010, he took the majority ownership of Charlotte Bobcats for $175 million. With this, he officially became the first former NBA player to be the majority owner of an NBA franchise. In 2019, Jordan agreed

to sell a minority stake of his Charlotte Hornets shares in a deal that valued the NBA team at $1.5 billion.

Funding – Michael also funded rounds for Sportradar, a Switzerland-based sports data provider; headphone brand Muzik; Gigster, a San Francisco-based marketplace for freelance tech talent; and aXiomatic along with fellow NBA Hall of Famer Magic Johnson.

NASCAR Team – In the late 2020, he became a co-owner of the team.

The Young Michael Jordan

Young Michael Jordan

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The fourth of five children in the family, Michael Jeffrey Jordan was born on February 17, 1963 in Brooklyn, New York and he was raised in Wilmington, North Carolina. Michael’s father, James, introduced him to baseball and built a basketball court in their backyard, where his passion for the sport started.

Michael Jordan High School

Jordan attended Emsley A. Laney High School in Wilmington. He tried to join the basketball team of the school, but failed to make it as a sophomore but he eventually was accepted in his junior year.

Michael Jordan University

With a basketball scholarship, James went to the University of North Carolina where he played under head coach Dean Smith. Jordan temporarily left the school one year before his scheduled graduation to enter the 1984 NBA draft.

In his freshman year in college, his thriving career started when Jordan was hailed as ACC Freshman of the Year. Afterwards, he also made the winning jump shot in the 1982 NCAA Championship game against Georgetown led by his future NBA rival, Patrick Ewing. This shot was later described by MJ as the major turning point in his basketball career.

Michael Jordan Family & Relationships

Michael Jordan Wife – Yvette Prieto

Michael Jordan wife

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Yvette Prieto is an American model. Yvette got to know Michael in 2007 and they held a star-studded wedding in April 2013 at Bethesda by the Sea Episcopal Church. Yvette has a sibling, Carlos Prieto, who runs a sneaker store in Miami.

Michael Jordan Kids

Michael Jordan Kids

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MJ has three kids with ex-wife Vanoy, and two more with Prieto. As it turns out, when their first child, Jeffrey Michael was born, Jordan actually didn’t believe at first that he was the father! Afterwards, they had Marcus James in 1988 and Jasmine Mickael in 1992. Jordan and Prieto had twin daughters, Ysabel and Victoria in the same year. The identical twins were born and are now growing up at Michael and Yvette’s home in South Florida.

Michael Jordan Mum – Deloris Jordan

Michael Jordan Mom

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Despite being the mother of the greatest basketball player of all time, Deloris Jordan is more than just Jordan’s mom. She has established multiple charities and has served as the President and Founder of the James R.

Michael Jordan Dad – James Jordan

Michael Jordan Dad

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Jordan’s dad, James is very close to the NBA superstar and he was very instrumental to how Michael became the greatest basketball player that we all know today.

Unfortunately…

Jordan was shot to death while he was sleeping in his car. The two men responsible for Michael’s death were convicted of first-degree murder and sentenced to life in prison. However, one of the two men was approved for parole and could be released in 2023.

Michael Jordan Siblings – Larry Jordan, Roslyn Jordan, James Jordan Jr., Deloris Jordan

Michael Jordan Siblings

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Michael with his siblings – brothers Larry and James Jr., and sisters Roslyn and Deloris.

Michael Jordan Ex-Wife – Juanita Vanoy

Michael Jordan Ex Wife

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Juanita Vanoy and the NBA legend were introduced to each other by a mutual friend who thought that they would be a perfect match, and this happened at a Bennigans restaurant after a Bulls game in 1985.

And coming up shortly – let’s take a closer look at the career of the former professional athlete that contributed to his massive net worth and how he spends his money on the things he loves and on charity.

Michael Jordan Career

Jordan’s career is probably one of the most interesting in the NBA, alongside LeBron James, Kevin Durant, and Kobe Bryant! Join us as we take a look at the most notable accomplishments of one of the most famous former professional athletes.

College

  • 1981–82: NCAA National Championship – University of North Carolina
  • 1981–84: 3x Atlantic Coast Conference regular season champions
  • 1983-84: 2x The Sporting News College Player of the Year
  • 1982: ACC Tournament champions, ACC Rookie of the Year
  • 1984: Naismith College Player of the Year, John R. Wooden Award, Adolph Rupp Trophy, USBWA College Player of the Year, AP College Basketball Player of the Year, ACC Athlete of the Year, ACC Men’s Basketball Player of the Year

United States National Team

  • 1983: Pan American Games gold medal, USA Basketball Male Athlete of the Year
  • 1984: Olympic gold medals, USA Basketball Male Athlete of the Year
  • 1992: Tournament of the Americas gold medal, USA Basketball Male Athlete of the Year (as part of the 1992 Olympic Team)
  • 2015: FIBA Hall of Fame (Class of 2015)

NBA achievements

  • 1984-85: NBA Rookie of the Year
  • 1985-93: NBA All-Star
  • 1987–88: NBA Most Valuable Player
  • 1990-91: NBA Most Valuable Player
  • 1991-92: NBA Most Valuable Player
  • 1991-93: 3x NBA champion, 3x NBA Finals Most Valuable Player
  • 1995–96: NBA Most Valuable Player
  • 1996-97: 2x NBA champion, 2x NBA Finals Most Valuable Player
  • 1998: NBA champion, NBA Finals Most Valuable Player
  • 1997–98: NBA Most Valuable Player, NBA Defensive Player of the Year, NBA All-Star
  • 1990-91: NBA Most Valuable Player

Wanna learn more about Michael’s career? Read the book, “Michael Jordan: The Life” which you can buy here!

Michael Jordan Controversies

Secret lover – Jordan allegedly paid his alleged former lover Karla Knafel $250,000 million to keep their relationship a secret. However, this was dismissed in 2006 by an Illinois judge and determined that Jordan does not owe Knafel $5 million.

Gambling habits – in 1993, people speculated that the death of Jordan’s father is related to his gambling habits. It reached a point where the NBA investigated Jordan’s gambling habits and they ultimately cleared him of any wrongdoing, but the conspiracy theories about his gambling continued on.

His Chinese name – Jordan won against the Chinese sportswear and shoe company Qiaodan, which directly translates to “Jordan”, when the company was ordered by a court to pay his Airness $46,000 for emotional damages over the use of his name.

How Michael Jordan Spends His Money

With his massive net worth, MJ is now living a lavish retirement, spending his days in his luxurious houses, riding custom planes, and playing golf on his own golf course. Let’s take a look at where Michael spends his money!

Michael Jordan Houses 

Chicago Estate

Michael Jordan House

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This gorgeous house features impressive indoor and outdoor spaces. This property has its three-bedroom guesthouse, five fireplaces, a chef’s kitchen, a movie theater, cigar room, poker room, wine cellar, and an outdoor tennis court. Of course, this wouldn’t be complete without the wrought iron gate with his jersey number 23, an indoor basketball court, and huge fitness center.

After the “Last Dance” documentary, Jordan listed this home for sale at  $14.9 million.

Park City, Utah Home

Michael Jordan House

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Valued at $7.5 million, this  5-bedroom house features  a circular outdoor kitchen with its own dramatic fireplace, mosaic-tiled showers and jetted bathtubs, winding staircases, round-angled vaulted ceilings, windows from floor to ceiling, golf simulator, stadium seating theater, and even an infinity pool.

Michael Jordan Cars

Michael Jordan Cars

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Michael has a massive collection of cars. Among the cars he owns are Cadillac XLR, Aston Martin DB7 Volante, Mercedes Benz CL 65, Aston Martin DB9 Volante, Chevrolet Corvette ZR1, and many more…

Michael Jordan Aeroplanes

Michael Jordan Aeroplane

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Michael Jordan Philanthropy

Charlotte Hornets Foundation – Michael is the chairman of the foundation, which aims to inspire philanthropic culture and strengthen the Charlotte region through intentional partnerships, charitable giving and social projects in the areas of Education, Wellness, Hunger and Military Care.

Make-A-Wish – Michael served as Make-A-Wish’s Chief Wish Ambassador since 2008, and has since donated and brought in more than $5 million to the organization.

MJ supports James R. Jordan Foundation and Chicago’s James R. Jordan Boys and Girls Club.

Michael Jordan Fun Facts About

  • Jordan ate the same meal four hours before every game
  • His favorite hobbies are golfing and gambling
  • Both Chicago Bulls and Miami Heat retired the number 23 out of respect to Jordan.
⭐⭐Michael Jordan Net Worth & Biography⭐⭐ How He Made His Fortune✔ House & Cars✔ Fun Facts✔ Family, Relationships✔ Career Highlights✔ Lot More

5 Lessons We Can Learn For Financial Freedom From Michael Jordan

  1. Diversifying your income streams can have massive payoff.
  2. A secondary income source can become more valuable than your primary income source.
  3. There’s no reason to limit yourself to just one or two “side hustles.”
  4. Real estate as an investment has the potential to backfire.
  5. If you’re going to invest in luxury real estate, be prepared to face some of the “invisible costs” of owning a mansion, which can easily run into the hundreds of thousands.
⭐⭐Michael Jordan Net Worth & Biography⭐⭐ How He Made His Fortune✔ House & Cars✔ Fun Facts✔ Family, Relationships✔ Career Highlights✔ Lot More

Top 3 Quotes From Michael Jordan

  • “Talent wins games, but teamwork and intelligence win championships.”
  • “Some people want it to happen, some wish it would happen, others make it happen.”
  • “Obstacles don’t have to stop you. If you run into a wall, don’t turn around and give up. Figure out how to climb it, go through it, or work around it.”

Frequently Asked Questions (FAQs)

What Age Did Jordan Retire?

He retired at the age of 32.

Is Kobe Better Than Jordan?

Kobe Bryant has more career points than Jordan, but Jordan was the better scorer between the two.

Why Did Jordan Wear 23?

His older brother Larry was already on the team with the number 45, so Jordan simply halved the number to reach 23.

Conclusion: Michael Jordan Net Worth, Bio, Lifestyle

And that’s everything we have for the NBA legend, Michael Jordan!

I was quite surprised to learn that he wasn’t initially drafted in his high school team, and I can only imagine how devastating it must have felt for the young Michael who passionately loves basketball. Thankfully, he persevered more to try again and the rest is history.

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