Michael jordan he is 58 years old and thanks to his vision and that of his advisers, he has not only gone down in history for being the best basketball player in the history of the NBA according to many experts and fans, it has also made its name a sports brand that remains profitable more than 17 years since his retirement although his best decision was to invest in an NBA team.
In accordance with Forbes, The star of the Buffalo Bulls has a fortune valued at $ 1.6 trillion. About 33 billion pesos, which place him as one of the richest men in the world. In fact in March 2021 his place is 1001 and continues to generate revenue, especially from the momentum of the Netflix series The last dance about his last season with the Bulls.
He earned less in the NBA than through his marks
The great successes in the history of Michael jordan they were with the money and their investments. His career as a basketball player began in 1984, His Majesty earned 90 million for his salary as an NBA player, most of that was in the final years of his career when he became the highest paid player and raised $ 30 million.
Counting the three million dollars he earned with the Wizards in the final part of his career, in total Jordan raised more than $ 93 million for his salary as a player.
The big decision of his life
With the money from sponsorships and his salary, Michael Jordan decided to become a majority partner of the Charlotte Hornets in 2010. When it did, the value of the franchise was $ 175 million.
Nine years later, when Jordan sold a minority stake, the Hornets raised its value and the team is currently valued at $ 1.5 billion. According to Forbes, this is where most of his wealth comes from.
Keep up with your business deals
The story with Nike is the best known of all. The popcorn signing approached Jordan in 1984 after Adidas refused to have the basketball player in its portfolio since according to the player for those years the German mark was looking for players with more than 2 meters of height (Jordan measures 1.98 meters). His first contract was for $ 250,000.
Today more than 35 years later, in conjunction with Nike has the subsidiary Jordan Brand which continues to produce sporting goods and the famous Air Jordan in every possible design from the retro of the 80s to the last ones he showed as a player. Plus the new designs and sponsorships of the new figures of the NBA.
Only in the last quarter of 2019, the brand billed the billion dollars, a large percentage of that money goes into Jordan’s pockets which if it were not enough remains attached to Gatorade, Hanes and Upper Deck (sports memorabilia and cards) who have been faithful to him throughout his career.
(…)
(…)
(…)
(…)