Michael Jordan's net worth in 2023: How rich is MJ this year?

Michael Jordan's net worth in 2023: How rich is MJ this year?

Babu Tendu

He is widely considered the greatest basketball player of all time. Jordan is also one of the most intriguing personalities in NBA history. For all the achievements and accolades, he collected throughout his legendary career, His Airness has also done the same by managing his assets in retirement. Hang around to find out Michael Jordan's net worth.

Michael Jordan's net worth in 2022
Michael Jordan's net worth in 2022: How rich is MJ this year? Photos by Aurelien Meunier, Streeter Lecka and Jayne Kamin-Oncea. (Modified by author).
Source: Getty Images

Jordan is one of the wealthiest retired basketball players in the world. Most of his income comes from various endorsement deals. This article will look at his financial record, his assets, and more financial information.

Michael Jordan's profile

  • Full name: Michael Jeffrey Jordan
  • Nickname: Air Jordan, MJ, Money, His Airness, Black Cat, Jump Man
  • Birthdate: 17 February 1963
  • Birthplace: Brooklyn, New York, United States
  • Zodiac sign: Aquarius
  • Age: 60 (as of 2023)
  • Nationality: American
  • Height: 1.98m
  • Weight: 98kg
  • Profession: Former Basketball player, Entrepreneur
  • Playing position: Shooting guard, small forward
  • Teams: Chicago Bulls, Washington Wizards, USA National Basketball team
  • Team owned: Charlotte Hornets
  • Parents: James R. Jordan, Deloris Peoples
  • Spouse: Yvette Prieto
  • Children: Jasmine, Jeffrey, Marcus, Victoria, Ysabel
  • Net worth: $1.7 billion
  • Instagram: @jumpman23
  • Twitter: @Jumpman23
  • Facebook: Michael Jeffrey Jordan

Michael Jordan's cars

With him being the most elegant athlete ever to grace a basketball court, he is expected to be stylish off the court. Here is Michael Jordan's iconic automobile collection, which consists of one-of-a-kind automobiles that will be difficult to locate anywhere else in the world:

Michael Jordan's cars
Portrait of basketball player Michael Jordan, of the Chicago Bulls, as he poses with Chevrolet Suburban automobile in1986. (R) One of his luxurious cars. Photos by Paul Natkin and @BillionMagazine.
Source: Getty Images
  • Chevrolet Corvette C4 (1984)
  • Porsche 930 Turbo Cabriolet ‘Flat Nose’ (1989)
  • Toyota Land Cruiser J80 (1991)
  • Ferrari 512TR (1992)
  • Chevrolet Corvette ZR1 40th Anniversary Edition (1993)
  • Mercedes W140 S600 Coupé By Lorinser (1996)
  • Porsche 993 Turbo S (1998)
  • Aston Martin DB7 Volante (2001)
  • Bentley Continental GT (2005)
  • Cadillac XLR-V (2006)
  • McLaren-Mercedes SLR 722 (2007)
  • Bugatti Veyron Sang Noir (2010)
  • 23XI Racing Toyota (2021)

Michael Jordan's NBA team

MJ, a member of the Basketball Hall of Fame, bought a controlling stake in the Charlotte Hornets in 2010. The club was founded in 1988 as an expansion team under George Shinn's ownership. In 2010, he became the Charlotte Hornets owner after reportedly paying $275 million to prior owner Bob Johnson.

Michael Jordan's net worth today
Michael Jordan, owner of Charlotte Hornets speaks to media before the match between Charlotte Hornets and Los Angeles Clippers on October 11, 2015 in Shenzhen, China. Photo by Zhong Zhi.
Source: Getty Images

Michael Jordan's houses

The billionaire and NBA legend owns five multimillion-dollar properties around the United States. In addition, Jordan owns three residences: two in Charlotte, North Carolina, where his NBA franchise, the Charlotte Hornets, is situated, and one in Jupiter, Florida. The last two are available for purchase in Illinois and Utah.

Michael Jordan's houses
Michael Jordan's house in the Bahamas. Photo by @sarray15.
Source: Twitter

Michael Jordan's career earnings

His career salary was $90 million, but he has earned $1.8 billion (pre-tax) through business partners, including Nike, Hanes, and Gatorade.

Michael Jordan endorsements

Over about four decades, Jordan has made $1.7 billion (pre-tax) off the court from Nike, Coca-Cola, McDonald's, Wheaties, and Chevrolet. Currently, Jordan has official partnerships with Nike, Hanes, Gatorade, and Upper Deck.

Michael Jordan's career earnings
Michael Jordan attends a press conference before the NBA Paris Game match between Charlotte Hornets and Milwaukee Bucks on January 24, 2020 in Paris, France. Photo by Aurelien Meunier.
Source: Getty Images

As far as Nike is concerned, Jordan is unquestionably the sneaker giant's largest source of revenue. Consider that his original five-year Nike contract, signed in 1984, was worth $500,000 per year (about $1.2 million in today's currencies) plus royalties. Allegedly, his income was $130 million last year.

Michael Jordan's net worth today

His net worth in 2023 is approximately $1.7 billion. His value decreased by $500 million between 2020 and 2021. More on this in a moment. According to Business Insider, he also became the first billionaire athlete and joined the three-comma club in 2014.

Michael Jordan's endorsements
Basketball legend Michael Jordan walks in the Paddock prior to the F1 Grand Prix of Miami at the Miami International Autodrome on May 08, 2022 in Miami, Florida. Photo by Mark Thompson.
Source: Getty Images

Believe it or not, the six-time NBA champion only earned about $90 million throughout his career, with $63 million coming from his final two seasons with the Chicago Bulls. He also garnered regular income from endorsement deals with Nike, Gatorade, Hanes, McDonald's, and Upper Deck.

As evidenced by his basketball earnings, he made most of his riches after his retirement. He remains an ambassador for Nike and has his clothing line under their umbrella, Jordan Brand. According to Business Insider, he gets over $100 million in royalties from Nike alone.

Michael Jordan's NBA team
Michael Jordan #23 of the Chicago Bulls looks on during a NBA basketball game against the Washington Bullets at the Capital Centre on December 14, 1991 in Landover, Maryland. Photo by Mitchell Layton.
Source: Getty Images

His current net worth is primarily attributable to his ownership of the Charlotte Hornets. In 2010, the six-time Finals MVP reportedly purchased the Hornets for $175 million. As a result, the franchise's value has increased and is now estimated to be around $1.5 billion in the past year.

MJ did sell a minority portion of his Hornets shares, but he has stated that he has no intention of relinquishing ownership of the team. He also reportedly earned $145 million in 2019, with most of his earnings coming from Nike. In 2019 alone, his net worth rose by roughly $300 million.

He also owns several restaurants in various locations around the United States. He has certainly done a tremendous job managing his assets in his post-basketball career. Other NBA players such as LeBron James and Kevin Durant will indeed look up to the GOAT in this regard.

Michael Jordan and Nike

He had never even worn a Nike sneaker at the time, but his parents persuaded him to choose Nike over Adidas, beginning the iconic relationship between Jordan and Nike. The rest is history after the creation of the Air Jordan.

Michael Jordan and Nike
Jordan in Paris to mark the 30th anniversary of 1985's Air Jordan One. Photo by Jordan Brand.
Source: Getty Images

At the time, NBA regulations dictated that players may only wear white sneakers. Nike designed the first Air Jordans in red, black, and white to capitalize on his tenure with the Chicago Bulls. He was fined $5,000 every time he wore the shoes due to the NBA's displeasure.

However, Nike was willing to pay the fines for the shoes to stand out. They anticipated Air Jordan sales of $3 million in the first four years of the contract. In the first year alone, Nike sold $126 million.

Initially recognized primarily as a track running shoe, Nike became a mainstream shoe, crept into popular culture as the edgy must-have sneaker, and is today one of the most recognizable companies. He became probably the greatest basketball player of all time, and his deal with Nike alone has netted him $1.3 billion to date.

Michael Jordan's net worth in 2023 is a staggering 1.7 billion. He is the first-ever former basketball player who is a billionaire. Up to date, he has some very lucrative endorsement deals with big companies, with the leader still being Nike.

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