Basketball legend Michael Jordan is the first athlete in the world to become a billionaire. Forbes estimates his fortune to be worth $1.9 billion.
Retired for a long time, but Michael Jordan still earns more money than today’s basketball stars like LeBron James, Stephen Curry, or Kevin Durant. As of 2015, royalties on Nike alone paid him $100 million a year. Photo: AP. |
His fortune now comes mainly from the Jordan brand and the Charlotte Hornets basketball team. Photo: AP. |
He bought the Charlotte Hornets in 2010 for $175 million. In 2014, Michael Jordan officially became a billionaire when his football team’s value increased rapidly. Currently, Charlotte Hornets is valued at more than 1.3 billion USD and Jordan holds 97% of the shares. Photo: AP.
|
Nike boss Phil Knight says 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 for Nike. Photo: AP.
|