Michael Jordan is the kind of man who needs no introduction. As the greatest basketball player of all time and one of the few professional athletes to have the title of “billionaire,” you’d be hard-pressed to find a soul in America who isn’t familiar with His Airness. But what exactly is Michael Jordan’s net worth?
Jordan has been involved in so many endorsements and business ventures that it’s hard to even touch them all. A driven man who has given back a portion of his wealth and time to those in need, there’s a reason that MJ is an icon for the ages.
So, how much money does Michael Jordan have, and where did it all come from? Let’s take a look at Jordan’s career, investments, philanthropy, and more.
How Much Is Michael Jordan’s Net Worth In 2024?
According to Forbes, Michael Jordan’s net worth in 2024 is estimated to be about $3.1 billion. He has earned this incredible sum of money through various avenues, including his Jordan Brand, endorsement deals, profitable investment ventures, and his career as perhaps the best basketball player of all time.
Michael Jordan has become the wealthiest former professional athlete in the world. Though he retired in 2003, having earned a measly $90 million during his basketball career, that hasn’t stopped him from becoming a billionaire.
Michael Jordan’s Endorsements
The vast majority of Michael Jordan’s current wealth was earned from endorsements. In about 40 years, Jordan has earned over $1 billion in endorsements from several brands, including Nike, Wheaties, McDonald’s, Coca-Cola, and Chevrolet. He is still involved with several brands, including Nike, Gatorade, Upper Deck, and Hanes.
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Nike has always been Michael Jordan’s biggest source of income. In 1984, he signed a five-year deal with the sportswear company, earning $500,000 yearly royalties. To be clear, this annual salary alone would be about $1.2 million in today’s currency.
Jordan’s first endorsement deal was with Chevrolet in 1984, when he was a rookie, well before being well-known to the world.
He appeared on more covers of Wheaties’ cereal boxes than any other athlete. In 1991, he signed a deal with Gatorade. That earned him a cool $13.5 million over ten years.
Michael Jordan’s Investments
Michael Jordan didn’t only know how to make money, but he knew how to make his money work for him. He has invested in several tech startups, including Gigster. He was also a part of a $305 million investment in a startup known as Dapper Labs.
MJ took majority control of the Charlotte Hornets in 2010. This $175 million deal proved a good move, as team values exploded shortly after. In 2023, he sold most of the shares for an undisclosed amount.
Michael Jordan’s Charitable Works
In addition to making a remarkable amount of money over his career, Jordan has also made a point to give back. He has been a major contributor to several charitable organizations.
The Last Dance, a documentary about Jordan’s last championship run with the Bulls, will have all proceeds go to charity. One charity that will benefit from this film is the Friends of the Children nonprofit.
He also pledged, along with most other NBA owners, to pay arena workers for missed games so workers wouldn’t suffer lost income during the Coronavirus pandemic.
Jordan has also contributed large amounts of money to hurricane relief efforts in the Carolinas and the Bahamas. He’s spent thirty years as a grantor and a donor at the Make-A-Wish Foundation.
Michael Jordan’s House
Jordan has also invested heavily in real estate. He owns properties in Chicago, North Carolina, Utah, and Florida. His Chicago home (his primary residence until 2007) has been on the market since 2012. The current listing price is $14.9 million, but the many custom features are believed to make selling difficult.
Those features include a custom “23” on the driveway gate and a full basketball court with a Jumpman logo. The house is 32,000 square feet, with 9 bedrooms and 19 bathrooms.
MJ owns not one but two homes in North Carolina—a villa on Lake Norman on the Peninsula golf course and a luxury penthouse condo in Charlotte that is 7,000 square feet. His Utah home in Park City is 10,000 square feet and has been listed for $7.5 million since 2019.
And then there’s his $12.8-million mansion in Jupiter, Florida. This is where Jordan spends most of his time these days. And who can blame him? The residence is in an incredibly high-profile area called “The Bear Club.” It is 26,299 square feet and includes a cigar room, a basketball gym, a guardhouse, a guest house, and a pool house.
Jordan purchased the home approximately 10 years ago for $4.8 million and added roughly another $7.6 million in renovations—which is a chump change when you’re as rich as MJ.
Michael Jordan’s Cars
The six-time NBA champion, six-time Finals MVP, five-time MVP, 14-time All-Star, and two-time Olympic gold medalist boasts an incredible $8.3 million car collection. Jordan’s most recent addition to his car collection, the 2023 Hennessey Venom F5 Revolution Roadster, is also his most expensive car, with a retail price of at least $3.5 million.
In addition, the Chicago Bulls legend has the 2010 Bugatti Veyron Sang Noir, which is worth about $1.43 million, the 2007 Mercedes-McLaren SLR 722 Edition, five Ferrari cars, led by the Ferrari 488 Pista Spider, 2 Aston Martin cars, and other luxurious sports and SUV cars. The 61-year-old NBA legend also owns a private jet.
