Michael Jordan Net Worth: Endorsements & House

There’s no doubt that the best NBA player in the world is Michael Jordan. The basketball player is a billionaire with a net worth of $1.6 billion (May 2021), making him one of the top richest African Americans.

Being born in Brooklyn, New York, he attended the University of North Carolina. Here he started playing as a freshman in coach Dean Smith’s team-oriented system.

From there, Jordan earned the title “ACC Freshman of the Year.”  

Furthermore, in the NCAA Championship against Georgetown, MJ (his initial) made a game-winning shot. This shot was responsible for a major turning point in his basketball career.

Currently, he is an American businessman and a former professional basketball player. As of now, Michael is the owner of Charlotte Hornets, a professional basketball team.

Michael Jordan Bulls
Michael Jordan Bulls #23

Moreover, Jordan is also the chairman of the National Basketball Association (NBA) and 23XI Racing.  

This article will cover Michael Jordan’s cars, lifestyles, charity works, donations, net worth, and more insight into his career. 

But first, let us look at the quick facts below. 

Quick Facts:

Full NameMichael Jeffrey Jordan
Birth Date17 February 1963
Birth PlaceBrooklyn, New York, USA
NicknamesAir Jordan, MJ
NationalityAmerican
EducationUniversity of North Carolina
HoroscopeAquarius
Father’s NameJames R. Jordan, Sr.
Mother’s NameDeloris Jordan
SiblingsLarry Jordan, James R. Jordan Jr., Deloris Jordan, and Roslyn Jordan
Age58 years old
Height6’6″ (1.98 m)
Weight216 lb (98 Kg)
Shoe Size13
ProfessionEntrepreneur, Spokesperson, and basketball player (retired)
Net Worth$1.6 Billion
MarriedSeptember 1989 (divorced on 29th December 2009), April 2013
SpouseJuanita Vanoy, Yvette Prieto
ChildrenJeffery, Marcus, and Jasmine
Salary$300 million
Social MediaInstagram, Twitter 
Merch Jersey, Funko Pop, Basketball Cards, Gold Card, Signed Merch
Last UpdateSeptember, 2021

Michael Jordan Net Worth and Income

Jordan, a former professional basketball player, made about $90 million from his entire career. He is also the owner of Charlotte Hornets and owns a major portion of his personal brand under Nike, the Jordan brand.

Furthermore, Michael also earned $1.8 billion (without tax) from cooperating with Nike, Hanes, Coca-Cola, McDonald’s, Gatorade, etc.  

Among these, Nike is Jordan’s biggest income source. In addition, the Air Jordan XXXIV basketball shoe produced by Nike is still used by several NBA players.

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In March of 2015, his net worth was $1.5 billion. This value further increased to $1.8 billion by March of 2019. 

Later, his net worth rose to $2.1 billion in April of 2020. However, just recently, the six-time NBA champion lost around $500 million in some strange fashion. 

Net Worth of Michael Jordan in Different Currencies

Also, have a look into Michael Jordan’s net worth in different currencies

CurrencyNet Worth
Euro841,855,000€ 
Pound Sterling717,215,000£ 
Australian Dollar1,354,005,000A$ 
Canadian Dollar1,244,985,000C$ 
Indian Rupee74,330,500,000₹ 
BitCoin25,005฿ 

Michael Jordan Net Worth | House and Mansions 

When it comes to the house, Jordan is a lover of theirs. He is a passionate lover of mansions, estates and owns quite a few numbers of them. 

Micheal owns 5 houses in various states within America. These locations include two in North Carolina, one in Florida, one in Illinois, and one in Utah.

Also, the lakefront home in North Carolina was bought by him in 2013 for $4.8 million in the name of Charlotte’s. The house contains six bedrooms.

North Carolina Property

Similarly, another property in North Carolina, the whole 7th floor of the luxurious Trust Condos. The house in Florida is on a golf course for $4.8 million.

It was later renovated at the cost of $7.8 million. Also, the hillside house in Utah was purchased for $7.9 million back in the year 2007.

Likewise, the mansion includes 5 bedrooms, waterfalls, a stadium seating theater, an infinity pool, and many more.

The property of Illinois, with 9 bedrooms, a pool, and a court, is currently under sale for $14.8 million.

Michael Jordan | Cars 

The American player is respected worldwide and is regarded as the best NBA player of all time.

This amazing player has an impressive collection of sports and luxurious cars. Let us start with some of his favorites. 

C4 Corvettes Collection

Firstly, Michael’s favorite is the C4 Corvettes collection. These types of cars are very classy and elegant. He owns Chevrolet Corvette C4, Chevrolet Corvette ZRA 40th Anniversary Edition. 

Next, the basketball player drives the 993- generation Porshe 993 Turbo S, an elite sports car.

Michael Jordan cars
Porshe 993 Turbo S

Likewise, the car is painted bright red and has AIR engraved on the license plate. Classy, isn’t it? 

Bugatti Type 57S Atlantic

In addition to this, the super player also owns a precious car, the Bugatti Type 57S Atlantic. This car is scarce. 

Till now, only four of them were produced, which were sold for $30 million each. Also, the features of this expensive car come with 253 mph speed and 60 mph sprint.

Big boys and his big toys

Besides this, there are many others cars as well. Some of them are Toyota Land Cruiser J80, Ferrari 512TR, Mercedes W140 S600 Coupé, Aston Martin DB7 Volante, and Bentley Continental GT.

The collection does not end there, his garage is filled with Cadillac XLR-V, McLaren-Mercedes SLR 722, Bugatti Veyron Sang Noir and 23XI Racing Toyota.

Michael Jordan | Lifestyle and Vacations

The NBA player mostly uses the money to buy real estate and cars for his collection. He also owns Gulfstream G550, a private jet, and a private yacht with several cabins and a basketball court.

It is also reported that the cost of his security team is about $1000 per hour to keep him safe.

Likewise, Jordan also spends a lot of his fortune in golf and gambling. Recently, he went to the Dominican Republic for a holiday break.

Here, he stayed in the Punta Cana area in a luxurious resort. Other than this, there are many exotic destinations where he visited. 

You might also want to read: <<Solomon Hill Bio: Early Life, Family, Net Worth & Basketball >>

Michael Jordan Net Worth | Charity Works 

The NBA player is one of the main contributors to several organizations. In total, there are about 15 foundations that Jordan supports with his helping hands.

These organizations are Boys & Girls Clubs of America, Buoniconti Fund To Cure Paralysis, Cats Care, CharitaBulls, Jackie Robinson Foundation, James R. Jordan Foundation, Kids Wish Network, LIVESTRONG, to name a few.

In addition to this, there are also other foundations like Make-A-Wish Foundation, Nevada Cancer Institute, Opportunity Village, Special Olympics, St. Jude Children’s Research Hospital, The Miami Project, and United Negro College Fund. 

Recently, on February 16, 2021, the basketball player contributed almost $10 million to open two medical clinics in the southeastern part of North Carolina.  

These clinics are built to provide good care, behavior, and social support services to the vulnerable areas of North Carolina. 

Make-A-Wish Foundation

Jordan is also the Chief Wish Ambassador of the Make-A-Wish foundation. He has been contributing to this organization since 1989.

Since then, he has been an inspiration to everyone around the world. Till now, the star has donated $5 million and above to the children. 

Michael Jordan and Make A Wish
Michael Jordan handling the Make a Wish cheque to a child

The  CEO OF the foundation, Richard Davis, said, 

“Supporters like Michael Jordan are essential in helping Make-A-Wish continue to grant life-changing wishes to children with critical illnesses.”

Not to mention, they also thanked the NBA star for his commitment. 

“We are  grateful to Jordan’s commitment to wish-granting and providing the resources needed to grant more wishes.”

In addition to these contributions, Jordan has also hosted an annual charity golf event calling upon celebrities like Wayne Gretzky, Michael Phelps, Chevy Chase, and many others.

Likewise, the profit money was used for foundations including Make-A-Wish, Cats Care, Keep Memory Alive, etc.  

Covid -19 Charity 

During the Covid-19 situation, many billionaires, activist, and philanthropist extended their helping hands to hospitals and needy people. 

Likewise the others, Michael has also provided some help to the people of North Carolina.  Earlier, he has donated $7 million for the development of two Family clinics in Charlotte. 

According to sources from Novant Health, Jordan’s clinics have managed to take care of  4,000 patients during this ongoing crisis. Moreover, it has also provided 1,000 COVID-19 vaccinations.

Michael Jordan | Movies

Jordan has also played in the film as a star of the 1996 movie “Space Jam.” The movie contains mixed live-action of Jordan mixed with the animated cartoon legends from “Looney Tunes.”  

Other movies, short movies, and documentaries include “The Last Dance,” “Michael Jackson: Jam,” “Micheal Jordan to the Max,” etc.

Likewise, Jordan also played in the TV series “NBA Hardwood Classics.”

Other Investments 

Jordan has been funding rounds for Muzik (Headphone brand), Sportradar (Switzerland-based sports data provider), axiomatic, and Gigster (Marketplace for freelance tech talent).

Moreover, with three other fellow NBA owners, Jordan launched a super perineum tequila brand, Cincoro, in the year 2020.   

Jordan’s yearly income from endorsements is about $40 million. This includes his deal as a spokesman with several brands, as mentioned earlier. He has also been appearing in several of the commercials.

With Jordan as spokesman for Nike, the brand has also sponsored college sports programs in North Carolina, Marquette, Georgetown, etc.

Additionally, many books have been written by Jordan. The books mostly focus on his basketball career, life, and worldview.

Some of them are “Rare Air: Michael on Michael,” “I Can’t Accept Not Trying: Michael Jordan on the Pursuit of Excellence,” “Driven from Within,” and “For the Love of the Game: My Story.”

Don’t forget to check out: <<LeBron James Bio: Early Life, Basketball Career & Net Worth >>

Michael Jordan | Career 

Michael’s basketball career started as soon as he joined up the Chicago bulls in 1984 as a third overall pickup. Soon, he earned the title “NBA Rookie of the Year” and was picked for the ALL-Star Game.

With Jordan in their team and his guidance, the Bulls won their first NBA championship by defeating the Los Angeles Lakers. He even played for the US Olympic basketball team and received a gold medal.

Later, he joined the Washington Wizards in 2000 as a part-owner after his second farewell from this career. He further continued playing for the Wizards for two seasons before permanently retiring in 2003.

3 facts about Michael Jordan

  1. Early in his childhood, he witnessed a good friend drown in the ocean. At the age of eleven, he himself almost drowned at baseball camp. Due to these incidents, he, to date, has aquaphobia.
  2. Several restaurants, including Michael Jordan’s Steakhouse in Grand Central Station Terminal in NYC, are affiliated.  
  3. Awarded the Presidential Medal of Freedom by former President Barack Obama in2016.

Quotes

  • “Always turn a negative situation into a positive situation.” 
  • “Some people want it to happen; some wish it would happen; others make it happen.”
  • “Talent wins games, but teamwork and intelligence win championships.”

Some FAQs:

Which is Michael Jordan’s favorite sneaker? 

The NBA’s best player’s favorite sneaker was Air Jordan 11. During the ’96 season, he was mostly seen wearing only that sneaker. 

Did Michael Jordan play in the 1996 Olympics?

No, Michael Jordan didn’t play in the 1996 Olympics.

How many Olympic gold medals does Michael Jordan have?

Michael Jordan has won two Olympic gold medals in his professional career.

How old was Michael Jordan in the 1984 Olympics?

Michael Jordan was 21 years old while competing at the 1984 Olympics.

How much does a Michael Jordan jersey cost?

Michael Jordan jersey cost between $400,000-$500,000. His jerseys are pretty expensive because they are in high demand, and it is considered premium fan apparel.

What is the rarest Michael Jordan basketball card?

Michael Jordan’s rarest basketball cards are the 1985 Prism Jewel Michael Jordan Basketball Card Sticker and 1997 Metal Universe Michael Jordan Precious Metal Gems.

Did Michael Jordan ever win Defensive Player of the Year?

Michael Jordan was named Defensive Player of the Year in 1988 when he averaged 35 ppg.

What is Michael Jordan’s signature dunk?

Rock the Cradle is the signature dunk of Michael Jordan. 

How many minutes did Michael Jordan play in the flu game?

Michael Jordan played for 44 minutes in the flu game.

What is Michael Jordan’s hand size?

Michael Jordan has a hand length of 9.75 inches and a span of 11.375 inches.

What was Michael Jordan’s vertical jump?

Michael Jordan’s vertical jump was 46 inches.

How many 60 point games did Michael Jordan have?

Michael Jordan recorded five 60 points games in his professional basketball career.

How old was Michael Jordan when he played his last game?

Michael Jordan was 32 years old during his last game. He played his last game on April 16, 2003.

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