Money Michael Jordan: How the richest NBA player ever spends his $1.65 billion

10:55  17 may  2018
10:55  17 may  2018 Source:   techinsider.io

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Michael Jordan is on the Forbes list of billionaires for the first time. Since he retired a decade ago, he has built one of the most successful, lucrative careers we've ever seen from a former athlete. His net worth is now $ 1 billion thanks to the skyrocketing value of his NBA team.

Michael Jordan is on the Forbes list of billionaires for the first time. Since he retired a decade ago, he has built one of the most successful, lucrative careers we’ve ever seen from a former athlete. His net worth is now $ 1 billion thanks to the skyrocketing value of his NBA team.

a person standing in front of a clock tower: Michael Jordan© Provided by Business Insider Inc Michael Jordan

Michael Jordan made less than $100 million as the NBA's greatest player of all time, but is now a member of Forbes' list of billionaires with an estimated net worth of $1.65 billion.

Since Jordan retired 15 years ago, he has built the most successful and lucrative career we've ever seen from a former athlete.

From sprawling houses to custom planes to his own golf course, he's clearly enjoying life after hoops. (Scroll down)

Jordan still makes more money than LeBron James, Stephen Curry, Kevin Durant, or any other active player.

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He reportedly makes $100 million per year from Nike royalties alone. LeBron is estimated to make less than $90 million per year, including salary and endorsements.

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Source: Forbes

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REUTERS/Chris KeaneMichael Jordan is on the Forbes list of billionaires for the first time. Since he retired a decade ago, he has built one of the most successful, lucrative careers we've ever seen from a former athlete. From sprawling houses to custom planes to his own golf course, he's clearly enjoying

Michael Jordan hasn't played an NBA game in more than 10 years, but he's still one of the highest-earning athletes in sports. He makes million a year, and spends it on houses, planes, boats, and his own NBA team.

That's way more than he made in salary while he played. He made $93.8 million TOTAL in NBA salary, and $63.3 million of that came in his final two seasons with the Chicago Bulls.

  Michael Jordan: How the richest NBA player ever spends his $1.65 billion © Provided by Business Insider Inc

Source: Spotrac and Basketball-Reference

His net worth is now believed to be $1.65 billion thanks to the skyrocketing value of his NBA team and the Jordan Brand.

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Source: Forbes

According to Forbes, Jordan is the 455th richest person in the US.

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Source: Forbes

Nike founder Phil Knight called signing Jordan the best decision he ever made, nabbing the NBA rookie for $250,000 per year in 1984. Nike's Jordan Brand alone now brings in more than $3 billion in revenue each year.

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Read more: Nike's founder reveals the best decision he ever made

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Filthy Rich Stars. Michael Jordan Net Worth: $ 1 Billion ! Michael also briefly retired from the NBA to pursue his dream of becoming a professional baseball player . He was the laughing stock of many, yet he ignored his critics and kept at it.

Filthy Rich Stars. Michael Jordan Net Worth: $ 1 Billion ! Today, we take a look at how the legendary MJ fills his time now that he’s “retired.” Air Jordan has soared to new heights income-wise and now tops all athletes professionally and financially.

Jordan wanted to sign with Adidas, but they passed because they preferred NBA players who were 7-feet tall.

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Jordan bought the Charlotte Hornets for $275 million in 2010. They're now worth more than $1.0 billion and he owns 90% of the club.

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Source: Forbes

He makes additional income from endorsement deals with Hanes, Gatorade and Upper Deck. MJ has been a spokesperson for Hanes for nearly 30 years.


It is estimated that he has made $1.85 billion in his career in salaries and endorsements, the highest ever for an athlete.


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Source: Forbes

That steady stream of income lets him live a pretty amazing lifestyle ...

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He has a private jet. It's painted Carolina blue, and the ID number contains his jersey number (23) and number of titles (6).

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He spent $12.8 million building his dream house in Florida.

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Source: Yahoo

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He spends his retirement days as an owner and a chairman of Charlotte Hornets. Salaries combined with enormous endorsements from Nike, Hanes, Coke Gatorade and may others made Michael Jordan the richest NBA player ever .

Filthy Rich Stars. Michael Jordan Net Worth: $ 1 Billion ! With the new collective bargaining agreement in place, the valuation of all NBA teams skyrocketed. Michael made 0 million off his investment and this is what shot his net worth to over $ 1 Billion .

He reportedly decided to build a private golf course because he was annoyed by the pace of play at his current country club.

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Source: GOLF.com

The Hobe Sound, Florida course will be called Grove XXIII — keeping with his obsession with the No. 23 — and is expected to be open in 2019.

  Michael Jordan: How the richest NBA player ever spends his $1.65 billion © Provided by Business Insider Inc

Source: Golf Week

He even has a custom golf cart with the Jumpman logo.

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He also has a $2.8 million house near Charlotte.

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It has some incredible lake views.

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He's currently in the process of selling his compound in Chicago, which was originally listed for $29 million. But six years later, the house is still on the market and the price is down to $14.9 million.

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Take a tour here >

It has its own basketball court, as well as a pool with a patch of lawn in the middle of it.

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It is estimated that Jordan has paid more than $680,000 in property taxes since he put the house up for sale.

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Jordan has won millions in lawsuits against companies that used his name or likeness without permission. He then donated all the money to 23 children's charities. The total amount was not reported, but Jordan was awarded $8.9 million in one case.

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Read more: Michael Jordan donates 'millions' he won in a court settlement to 23 children's charities

This family is worth more than Jeff Bezos or Bill Gates

  This family is worth more than Jeff Bezos or Bill Gates This American dynasty topped the U.K.'s 30th annual Sunday Times Rich List, beating out billionaires like Jeff Bezos and Bill Gates.AMZN

Filthy Rich Stars. Michael Jordan Net Worth: $ 1 Billion ! At Million, Michael Jordan set the record for the highest paid athlete in the NBA . His tenure at the Chicago Bulls is an unforgettable monument of sport, and anyone who grew up watching him… wanted to “be like Mike .”

If a prime Michael Jordan was playing in today’s NBA , would he be the best player ? Who was the best NBA player out of each draft in NBA history? It’s unfortunate that Bill Walton spent so much of his career with foot issues - the one early year he WAS healthy was impressive - but he doesn’t have

In 2016, Jordan also pledged two large donations to the NAACP Legal Defense Fund and the International Association of Chiefs of Police's new Institute for Community-Police Relations after a string of police-involved shootings.

  Michael Jordan: How the richest NBA player ever spends his $1.65 billion © Provided by Business Insider Inc

Read more: Michael Jordan releases strong statement on police-involved shootings and pledges 2 huge donations

Jordan's three oldest children have all followed their father into the shoe business. Jeffery Michael and Jasmine both work with Nike and Jordan Brand.

#tbt @mickijae @heirmj523

A post shared by Jeffrey M. Jordan (@heirjordan13) on

Marcus opened a boutique sneaker shop in Disney World called Trophy Room.

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