Having retired a long time ago, Michael Jordan still earns more income than current basketball stars such as LeBron James, Stephen Curry, or Kevin Durant. As of 2015, royalties from Nike alone brought him $100 million a year.
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Having retired a long time ago, Michael Jordan still earns more income than current basketball stars such as LeBron James, Stephen Curry, or Kevin Durant. As of 2015, royalties from Nike alone brought him $100 million a year.
He bought the Charlotte Hornets in 2010 for $175 million. In 2014, Michael Jordan officially became a USԀ billiоnaire when the value of his basketball team skyrocketed. Charlotte Hornets is currently valued at more than $1.3 billiоn, and Jordan holds 97% of the shares.
According to Forbes, Michael Jordan is the 455th richest person in the US in 2018 and is the richest former professional athlete on the planet.
Nike owner – Phil Knight – shared that signing with Michael Jordan in 1984 was the wisest decision he ever made. The Jordan brand alone brings in more than $3 billiоn in revenue each year for Nike
Right from his playing days, Michael Jordan signed advertising contracts with a number of different brands.
Michael Jordan’s extravagant wealth and financial success extend far beyond his days as a basketball player. Despite retiring long ago, he continues to rake in massive amounts of income, surpassing current basketball stars like LeBron James, Stephen Curry, and Kevin Durant. In 2015, for example, his royalties from Nike alone amounted to a staggering $100 million annually.To further solidify his status as a business mogul, Michael Jordan made a savvy investment in 2010 by purchasing the Charlotte Hornets for $175 million. This investment turned out to be a goldmine as the value of the basketball team soared in 2014, propelling Jordan into billionaire status. The Charlotte Hornets are now valued at over $1.3 billion, with Jordan holding a commanding 97% share of the team.Forbes has consistently ranked Michael Jordan among the wealthiest individuals in the United States, placing him at the 455th spot in 2018. What’s even more impressive is that he holds the title of the richest former professional athlete worldwide. Phil Knight, the owner of Nike, once declared that signing with Michael Jordan back in 1984 was one of the best decisions he ever made. The Jordan brand itself generates a remarkable $3 billion in revenue annually for Nike.Throughout his career, Michael Jordan was a sought-after figure for advertising deals, collaborating with various brands to promote their products. His enduring appeal and marketability have cemented his legacy not just as a basketball legend, but as a business icon. Stay connected with us for more insightful updates and valuable information that we strive to share with you.
Michael Jordan’s financial success and wealth continue to astound many, even long after his retirement from professional basketball. Surpassing current stars like LeBron James, Stephen Curry, and Kevin Durant, Jordan’s income stream remains robust. In 2015, his royalties from Nike alone amounted to an impressive $100 million annually.In 2010, Jordan made a shrewd business move by purchasing the Charlotte Hornets for $175 million. This investment proved to be incredibly lucrative, as the value of the team skyrocketed in 2014, pushing Jordan into billionaire territory. The Charlotte Hornets are now valued at over $1.3 billion, with Jordan holding a substantial 97% stake in the franchise.Forbes consistently ranks Michael Jordan among the wealthiest individuals in the United States, placing him as the 455th richest person in 2018. Notably, he holds the title of the richest former professional athlete globally. Phil Knight, the owner of Nike, has credited signing Jordan in 1984 as one of the wisest decisions he ever made. The Jordan brand has become a powerhouse, generating an astonishing $3 billion in revenue annually for Nike.Throughout his career, Michael Jordan’s marketability and appeal in the advertising world have been unparalleled. Collaborating with a range of brands, Jordan’s influence transcends his basketball legacy, firmly establishing him as both a sports icon and a business mogul.Stay tuned for more updates and valuable insights as we continue to bring you informative content. Connect with us to access even more useful information and help us in our mission to provide you with valuable content.
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Source: CNN
