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What is Michael Jordan’s Net Worth in 2022?

Michael Jeffrey Jordan aka MJ is an American businessman and former professional basketball player with an estimated net worth of $1.7 billion as of 2022 according to Forbes.

MJ played in the National Basketball Association (NBA) for fifteen seasons. He played a pivotal role in popularizing the NBA worldwide during the 1980s and 1990s and became a global cultural icon.

The official NBA website states his biography as, “By acclamation, Michael Jordan is the greatest basketball player of all time.”

Let us get to know more about the legendary player in our article today.

Key Highlights

  • Michael Jordan is considered to be the NBA’s greatest all-time player by many experts.
  • He won six NBA championships during his stint with the Chicago Bulls.
  • His cumulative earnings from his professional career totaled $90 million.
  • He earned around $1.8 billion in pre-tax earnings through the endorsement of international brands like Nike, Hanes, and Gatorade.
  • MJ invested and became an advisor to the board of sports-betting firm DraftKings in September 2020.
  • He became co-owner of the NASCAR team in late 2020.
  • Jordan, majority shareholder and principal owner of Charlotte Hornets, sold a small stake in the company in 2019 valuing the NBA team at a whopping $1.5 billion.

NBA Career

Jordan made his debut as an NBA player in 1984 and scored 16 points. Jordan once again led the league during the 1987–88 season and scored 35.0 ppg on 53.5% shooting.

Jordan created a record in 2016 when he became the first billionaire player in the history of the NBA.

Awards & Achievements

He won several prestigious awards like six-time NBA champion, six-time NBA Finals MVP, five-time NBA MVP, NBA Defensive Player of the Year, NBA Rookie of the Year, Three-time NBA steals leader, Three-time NBA All-Star Game MVP, One-time All-NBA Second Team, Nine-time NBA All-Defensive First Team, and Two-time NBA Slam Dunk Contest champion among others.

In 2009, he became a member of the US Olympic Hall of Fame and a year later a member of the North Carolina Sports Hall of Fame.

Real Estate Investments

MJ resides in a huge mansion in Jupiter, Florida which is spread across 26,000 square feet. He purchased the property for $4.8 million more than a decade ago in 2011 and spent around $7.6 million on the construction of his dream home.

He is the owner of another property in Charlotte, North Carolina which he purchased for approximately $3 million, and one more property in Salt Lake City, Utah.

MJ also owns a 7-acre property in Chicago which has several amenities like an NBA-quality basketball court, pool pavilion, 15-car garage, tennis courts, and wine cellar.

Endorsement Deals

MJ is considered to be one of the most effective athletes of his generation. Jordan has endorsed several products like Nike, Coca-Cola, Chevrolet, Gatorade, McDonald’s, Ball Park Franks, Rayovac, Wheaties, Hanes, and MCI in his professional career.

He played a crucial role in the success of Nike’s Air Jordan sneakers in 1984. MJ had a long commercial relationship with Gatorade and featured in more than 20 commercials representing the brand since 1991.

Luxurious Cars Collection

MJ has an amazing collection of luxurious cars in his garage. The collection includes:

  • C4 Corvette
  • Porsche 930 Turbo Cabriolet
  • Chevrolet Corvette C5
  • Chevrolet Corvette ZR1
  • Ferrari 512TR
  • Range Rover HSE 4.6
  • Aston Martin DB9 Volante
  • Ferrari 488 Pista Spider
  • Ferrari 550 Maranello
  • Ferrari 599 GTB Fiorano
  • Porsche 993 Turbo S
  • Cadillac XLR-V

Private Jet

Jordan spent a whopping $61.5 million to buy an uber-luxurious Gulfstream G550 jet. He uses the jet for his personal and professional travels. During the initial years, he covered the jet in powder blue and white colors taking inspiration from his alma mater, the University of North Carolina.

The jet now is inspired by his iconic Jordan Brand shoes painted with MJ’s famous “Jumpman” logo.

Keep a regular check at this space for more net-worth-related articles on your favorite sports personalities!

Archana Kabra
Archana Kabra is a Freelance Writer and has been extensively writing stuff related to Entertainment, Lifestyle, and Technology. She is also an ardent music lover. Twitter handle: @archana153sarda
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