Michael Jordan is a retired American basketball player, team owner, product endorser and entrepreneur. As of 2024, Michael Jordan’s net worth is $2.2 billion.
During his NBA career, Michael earned a total of $93.7 million in salary. He was the first athlete in history to earn over $30 million per year in salary. He accomplished that feat during the 1996-1997 season when he earned $30.14 million in base salary. The following season he earned $33.14 million which is the same as earning $53.4 million today after adjusting for inflation.
Even though he has not played basketball professionally in nearly two decades, today Michael earns $100 million per year from endorsements and various other business ventures. Please note that this is more in a single year than he earned from his salary in 16 NBA seasons. Michael earns at least $60 million every year from Nike/Jordan brand royalties.
Michael achieved billionaire status thanks to his ownership stake in the Charlotte Hornets NBA team. We will outline this investment in greater detail later in this article.
Jordan led the Chicago Bulls to 6 NBA championship titles. He is a five-time league MVP. He holds the record for the highest career scoring average of all time and was inducted into the Hall of Fame on September 11th, 2009.
