Michael Jeffrey Jordan, also known by his initials MJ, is an American businessman and former professional basketball player. He played fifteen seasons in the National Basketball Association, winning six NBA championships with the Chicago Bulls.
What is michael jordan’s net worth
| Net Worth: | $2.2 Billion |
| Date of Birth: | Feb 17, 1963 (59 years old) |
| Gender: | Male |
| Height: | 6 ft 5 in (1.98 m) |
| Profession: | Basketball player, Athlete, Spokesperson, Entrepreneur, Actor |
| Nationality: | United States of America |
Introduction
Michael Jordan is one of the most recognized names in NBA history. He is also known for the endorsement of Nike’s Air Jordan and for the movie Space Jam. Jordan has become known as the most outstanding North American athlete of the 20th century by ESPN. He is now part-owner and head of basketball operations for the Charlotte Bobcats.
Early Life
Michael Jordan was born on February 17, 1963, in Brooklyn, New York. His family moved to Wilmington, North Carolina, when he was a toddler. He was the fourth of five children, with two older brothers, one older sister, and a younger sister.
As a sophomore in high school, he did not make his basketball team due to his height. He focused on other sports that year, such as baseball and football. In his Junior year, he was 6 foot 3 and made the team. During that year, he earned about 20 points per game. In his senior year, he was selected for the McDonald’s All-American Team.
Juanita Jordan Divorce Settlement
Michael married Juanita Vanoy in September 1989. They had three children together. When Michael filed for divorce from Juanita Jordan in 2002 after 13 years of marriage, he was ultimately forced to pay her a $168 million divorce settlement. It was one of the most expensive divorces in history. The settlement included cash, stocks and the value of their various real estate holdings. Michael has been married to Cuban-American model Yvette Prieto since April 2013. She gave birth to their identical twin daughters in February 2014.
Highlights
Here are some of the best highlights of Michael Jordan’s career:
- Most Valuable Player (1987-88, 1990-91, 1991-92, 1995-96, 1997-98)
- Defensive Player of the Year (1988)
- Rookie of the Year (1984-85)
- All-Star Game MVP (1988, 1996, 1998)
College Career
Not surprisingly, Michael, who now stood 6 foot 6, was recruited by dozens of college programs including Syracuse, UVA, Duke and the University of North Carolina. He ultimately chose to attend UNC.
At UNC he averaged 13.5 points per game and was named ACC Freshman of the Year, leading the team to the 1982 NCAA Championship against the Georgetown Hoyas. With 15 seconds left in the game, Michael hit a go-ahead basketball over Georgetown Center Patrick Ewing. This would turn out to be the game-winning shot. Michael would later reveal that this game and that specific shot was a major turning point in his personal confidence and future basketball career.
NBA Career
Michael spent three seasons with the UNC Tar Heels, winning many accolades including the Naismith and Wooden College Player of the Year awards in 1984. He left UNC one year early to enter the 1984 draft. Impressively, Michael returned to UNC in 1986 to finish his degree and graduated with a Bachelor’s degree in geography.
Amazingly, he was not the first pick. He was the THIRD pick after Sam Bowie (#2) and Hakeem Olajuwon. Michael was chosen by the Chicago Bulls as the third overall pick.
Michael signed his rookie contract with the Bulls on September 12, 1984. The contract was a seven-year, $6 million deal, averaging to around $850,000 per season. In the year before Michael became a Bull, the team only sold out six total games. In Michael’s rookie season, attendance doubled.
Career
Jordan was first drafted by the NBA team Chicago Bulls in 1984, and in his first season, he helped the team make the playoffs.
He scored an average of 28.2 points per game that season, which led to his NBA Rookie of the Year Award. In the 1986-1987 season, he became the first player in years to score more than 3.000 points in a single season.
Over the next few years, Jordan helped the Bulls win championship after championship. He took a break from the 1993-1994 season for a stint in minor league baseball but returned to the Chicago Bulls in 1995. Upon his return, he came back stronger, averaging 30.4 points that season.
In 1998 Jordan retired after playing fifteen seasons and winning six championships with Chicago Bulls and joined the Washington Wizards as part-owner, returning for the final two seasons from 2001 to 2003.
To this day, Michale Jordan is regarded as an NBA legend and the greatest basketball player in the history of this sport. Former NBA star had a significant role to play in popularizing the NBA around the globe in the 1980s and 1990s.
Jordan is also known as one of the most effectively marketed athletes in the world, with many lucrative endorsement deals. He was responsible for the immense success of Nike’s Jordan brand, which includes the popular to this day Air Jordan sneakers. It’s the Nike royalties that amount to 5% on every Air Jordan shoe sold that heavily contributed to Michael Jordan’s net worth.
Over the years, NBA legend Michael Jordan had many successful endorsements, including such brands as Coca-Cola, McDonald’s, Chevrolet, Upper Deck, and Hanes.
The basketball player was also a star of the “Space-Jam” hit movie, where he played himself. In 2000, the IMAX documentary about Jordan’s career in Bulls came out, with a big emphasis on the 1998 NBA playoffs, titled “Michael Jordan to the Max.” Jordan had more recent successes in the film industry, for example, with his documentary miniseries The Last Dance (2020).
In 2006 Jordan bought a majority of the stake in the Charlotte Bobcats (now named Hornets) and joined as its managing member. His priority is to improve the team’s stats, and he does not anticipate leaving the basketball business.
Jordan’s post-basketball career outside of the court includes 23XI Racing – a professional auto racing organization that is owned by Jordan, as well as Denny Hamlin. In their NASCAR team, they selected Bubba Wallace as their driver.
It’s worth mentioning that Jordan has also been an active philanthropist. From 2001 to 2014, he hosted the annual golf tournament, the Michael Jordan Celebrity Invitational, which raised funds for various charitable causes.
In 2006 Jordan and his wife pledged $5 million to Chicago’s Hales Franciscan High School. The Jordan Brand also made some considerable donations to Habitat for Humanity, as well as Louisiana’s Boys & Girls Clubs of America.
Jordan’s activity in The Make-A-Wish Foundation is also a noticeable one. Jordan was named Chief Wish Ambassador in 2008. In 2013 he granted his 200th wish. Up until now, he raised more than $5 million for the foundation.
It’s easy to see how Michael Jordan is one of the highest-paid athletes and NBA players to this day. In June 2014, Jordan was named the first NBA player to become a billionaire after he increased his shares in Charlotte Hornets. Forbes estimated that Jordan Brand generates around $1 billion of profits for Nike each year.
In 2021 Forbes estimated that Michael Jordan’s net worth rose to $1.6 billion. This makes Famer Michael Jordan one of the wealthiest African-Americans in the US. And he’s one of the most beloved ones too.
His popularity spreads from the strong presence of Nike’s Jordan Brand on the market through popular Internet meme, ending on still very much iconic basketball career that landed him a place in the NBA’s Hall of Fame.