What is Michael Jordan's net worth?

Michael Jordan, renowned for his legendary NBA career and business acumen, has amassed a fortune that solidifies his status as one of the wealthiest athletes globally. As of 2024, his net worth is estimated to be around $3 billion according to People Magazine. 

Be a financially smart family!

Be a financially smart family!

From saving for the future to understanding credit, see how families are thriving with Greenlight.

Try Greenlight today

This wealth is not merely the result of his basketball earnings, which totaled more than $90 million over his illustrious career with the Chicago Bulls and Washington Wizards. Jordan's financial success can also be largely attributed to his lucrative endorsements, strategic business ventures, and particularly, his association with Nike, Hanes, Gatorade, and McDonald’s, through which he has earned $2.4 billion in pre-tax dollars​.

Nike and the iconic Jordans

Jordan's partnership with Nike, initiated in 1984 with a groundbreaking deal, laid the foundation for the Air Jordan sneaker line. This brand has not only revolutionized athletic shoe marketing but has also become a cultural icon, contributing significantly to Jordan's wealth. Forbes reports that Nike raked in $6.6 billion from the Jordan brand. 

Business deals and investments

The sale of Jordan's majority stake in the Charlotte Hornets in 2023 marked another significant financial milestone. The deal, which valued the NBA franchise at $3 billion, helped put him into the Forbes list of Top 400, making him the first professional athlete to rank among America's wealthiest individuals. 

Michael Jordan's journey from a sports icon to a global business magnate is a testament to his competitive spirit, strategic acumen, and ability to leverage his brand. His financial achievements underscore his status not only as one of the greatest basketball players of all time but also as a savvy businessman whose impact transcends the sports industry.

Want more? Visit the Greenlight Learning Center for helpful resources on all things family, finance, and fun.

This blog post is provided "as is" and should not be relied upon as a substitute for professional advice. Some content in this post may have been created using artificial intelligence; however, every blog post is reviewed by at least two human editors.