Michael Jordan Becomes First Athlete to Rank Among America's 400 Wealthiest People

The NBA legend is now worth an estimated $3 billion.

Michael Jordan Becomes First Athlete to Rank Among America's 400 Wealthiest People

The NBA legend is now worth an estimated $3 billion.

Sports
September 16, 2024
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Michael Jordan, the legendary former NBA star, has made history by becoming the first professional athlete to be included in Forbes' list of the 400 wealthiest people in America. His estimated net worth of $3 billion USD is attributed to various business investments and a successful career in endorsements and brand partnerships.

Jordan's entry into the Forbes 400 list is largely due to his sale of a majority stake in the Charlotte Hornets earlier this year, which fetched $3 billion USD, exceeding Forbes' previous valuation. Throughout his career, Jordan earned approximately $2.3 billion USD in pre-tax dollars from brand deals with Nike, Gatorade, and McDonald's, among others. He was one of the highest-paid NBA players during his active career, making $94 million USD over 15 seasons, including being the best-paid player in 1997 and 1998. His royalty checks from his iconic Air Jordan sneakers continue to earn him around $260 million USD.

Jordan's success extends beyond basketball and endorsements. He has ventured into various business opportunities, including co-founding the NASCAR Cup Series team 23XI Racing. Jordan's ability to achieve success in multiple fields has solidified his status as one of the wealthiest individuals in the United States.

His inclusion in the Forbes 400 list underscores his remarkable financial achievements and continued impact in the business world even after retirement from professional basketball.

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