Michael Jordan Becomes First Professional Athlete To Be on List of 400 Wealthiest Americans
According to “The Forbes 400.”
Despite being in retirement, Michael Jordan continues to make history. Earlier this week, Forbes has named the former NBA star in its “The Forbes 400” list. Jordan is now the first professional athlete to ever join the ranks of the top 400 wealthiest people in American. His current estimated net worth is $3 billion USD due to his various business investments.
His launch into the list is largely in due part to this year’s sale of his majority stake in the Charlotte Hornets. Earlier this year, he gave up his majority stake for $3 billion USD, which was more than the Forbes team had valued in 2022. Along with that, Jordan also made $2.3 billion USD in pre-tax dollars over the course of his career thanks to his brand deals with Nike, Gatorade and McDonald’s. During his time in the NBA as an active player, Jordan was one of the league’s highest-paid players. Over the course of his 15 seasons, he made $94 million USD and was the best-paid player in 1997 and 1998. According to the publication, his royalty check for his Jordan’s garner him about $260 million USD.
As one of the wealthiest people in the nation, Jordan shows no signs of stopping. Ted Leonsis, the owner of the Washington Wizards, Mystics, and Capitals, told Forbes, “Michael’s one of the few people that have had success three times. A lot of entrepreneurs, they make it once. They have a big win, take their winnings, retire and [we] never hear from them again, or they try something a second time and it doesn’t work. He’s had three mega successes,” speaking on Jordan’s time in the NBA, his partnership with Nike and the Jordan Brand. Jordan also recently co-founded the NASCAR Cup Series team 23XI Racing, showing that he is still looking at major business opportunities that will grow his wealth and set him apart.
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