Michael Jordan loses $ 500 million of his fortune

Michael Jordan loses $ 500 million of his fortune

The NBA legend acquired much of his fortune by signing a link with Nike.

Photo: Streeter Lecka / Getty Images

The historic NBA player, Michael jordan, Is considered by many to be the best basketball player in history. Great talent and sporting successes are the clichés that big brands are looking for in athletes. In addition, Jordan was profiled as one of the highest-income athletes in history. The former basketball player, it had a net worth of $ 2.1 billion, A figure that fell by 24% after the pandemic.

Michael Jeffrey Jordan he earned $ 93.8 million in his 16 years in the NBA. Nearly half of them, he got them in his last two years with the Chicago Bulls. However, much of his fortune is due to the lucrative contracts with Nike. But not everything is rosy.

As revealed Forbes, A magazine specializing in the world of business and finance, Jordan ‘s fortune has fallen to the $ 1.6 billion. That means a loss of $ 500 million, approximately. The prestigious magazine does not explain the causes of the decline in the numbers of its assets, but it is estimated that it is due to parallel investments in basketball.

Jordan is among the 500 richest people in the United States

The wealth of the former NBA player remains quite high. Jordan ranks 455th in the US country and allows him to be among the 1,500 richest people in the world.

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