Michael Jordan is an American basketball player and a team owner. He is also a product endorser and an entrepreneur. He had a successful NBA career, and during his career, Michael earned a total of $93.7 million in salary. He made history by becoming the only player in history to earn over $30 million per year. Michael hasn’t played basketball professionally for a long time now, but Michael still earns $100 million per year from endorsements and other business ventures.
Net Worth
Michael Jordan’s net worth in the year 2020 is estimated to be $2.2 billion. Michael had an estimated net worth of $500 million in September 2009 but he became a billionaire six years later in 2014. His net worth breakdown is as follows:
| Michael Jordan Net Worth Milestones | |
|
Year |
Net Worth |
| 2009 | $500,000,000 |
| 2013 | $650,000,000 |
| 2014 | $1,000,000,000 |
| 2016 | $1,100,000,000 |
| 2017 | $1,200,000,000 |
| 2018 | $1,500,000,000 |
| 2019 | $1,900,000,000 |
| 2020 | $2,200,000,000 |
Early Life
Michael Jeffrey Jordan was born on February 17, 1963, in Brooklyn, New York. When Michael was a kid his family moved to Wilmington, North Carolina. Michael played basketball, baseball, and football during his school time. He tried to become a part of the basketball team as a sophomore but got rejected because he was “only” 5 foot 11. He grew four inches and became taller than before and successfully managed to earn a spot on the basketball team. When he got into his senior year he was selected to become a player in the 1981 McDonald’s All-American Game.
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NBA Career
Michael played for three seasons with the UNC Tar Heels. He left UNC and entered the 1984 draft. Two years later Michael returned to UNC and graduated in geography. Michael signed a rookie contract with the team in 1984. He signed a seven-year contract with the team which earned him $6 million.
After joining the NBA Michael signed a one-year contract worth $30 million. He signed a one-year $33.14 million deal with the team the next year. Michael retired but returned to play again with the NBA twice. He retired to play minor league baseball once. When he joined the NBA again, he joined Washington Wizards for two seasons.
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Endorsements
Michael had signed a lot of endorsement deals throughout his impressive career. Michael Jordan is a spokesman for many big brands like Nike, Gatorade, Wheaties, McDonald’s, Coca-Cola, Chevrolet, Ball Park Franks, Rayovac, Hanes, and MCI. Michael signed an $18 million endorsement contract with Gatorade which will last for a total of 10 years. Michael has signed endorsement deals with many other big brands and has earned a big amount of money through endorsements.
Juanita Jordan Divorce Settlement
Michael got married to Juanita Vanoy in September 1989. The couple has three children together. Michael filed for divorce with Juanita Jordan after staying together for 13 years. He paid his wife a $168 million divorce settlement and alimony. The divorce settlement includes cash, stocks and real estate holdings. Michael got married once again to a Cuban-American model Yvette Prieto in 2013. The couple has identical twin daughters.
