The Business of Basketball: Exploring Michael Jordan’s Billion-Dollar Legacy

Basketball legend Michael Jordan is the world’s first athlete to become a billionaire. Forbes estimates his fortune at $1.9 billion.

Explore the Jordan Family's Lavish Playground: A Glimpse into Their Luxurious Lifestyle

Long retired, Michael Jordan still earns more money than current basketball stars like LeBron James, Stephen Curry, or Kevin Durant. Since 2015, Nike royalties alone have brought him $100 million per year.

Its assets currently mainly come from the Jordan brand and the Charlotte Hornets basketball team.

He purchased the Charlotte Hornets in 2010 for $175 million. In 2014, Michael Jordan officially became a billionaire when his team’s value skyrocketed. Charlotte Hornets are currently valued at over $1.3 billion and Jordan owns 97% of the shares.

According to Forbes, Michael Jordan is the 455th American in 2018 and the most active former professional athlete.

Nike boss Phil Knight said signing Michael Jordan in 1984 was the best decision he ever made. The Jordan brand alone brings in more than $3 billion in annual revenue to Nike.

Early in his career, Michael Jordan signed advertising contracts with several different brands.

He owns several restaurants in Florida, Connecticut, Washington, and Illinois.

The basketball legend also has his own Nissan dealership in Durham, North Carolina.

Michael Jordan owns a private jet with numbers and images familiar from his basketball career.

He recently purchased a golf course in Florida and plans to open it this year.

Like other billionaires, Michael Jordan owns many prominent real estate properties such as a $12.8 million mansion in Florida, a $2.8 million mansion in North Carolina, and a 14-bedroom villa complex. $9 million in Chicago Street, Illinois. Photo: Washington Post.

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