‘If you do the work, you get rewarded. There are no shortcuts in life.’

Michael Jordan’s net worth is proof that he has one of the best careers in NBA history, as well as one of the greatest endorsement deals of all time – his famous Air Jordans from Nike, which made him a crossover star.

They also made him the subject of the 2023 movie Air, which explored the origins of the iconic sneakers and the unprecedented deal that Jordan received for them. So what’s the status of that shoe deal now?

How did Michael Jordan become famous?

Michael Jordan’s game-winning shot for UNC in the 1982 NCAA championship game vs. Georgetown put him on the map. He was drafted third by the Chicago Bulls in the 1984 NBA draft. He went on to produce what is widely considered the best career in league history, winning six titles, six finals MVPs, five NBA MVPs and being named All-Star 14 times. His Air Jordans sneakers remain popular today and made him a crossover star.

What is Michael Jordan’s net worth in 2024?

Forbes lists MJ’s net worth in 2024 as $3.2 billion. The outlet points out that MJ earned $90 million in salary during his NBA career. He’s earned more than $1.8 billion in pre-tax dollars from endorsements like Nike and Gatorade. Since retiring, Jordan’s business ventures have included becoming an investor and special advisor to sports-betting company DraftKings and a NASCAR team co-owner in 2002. He also owns the Charlotte Hornets and sold a minority stake in 2019, where it was reported the team was valued at $1.5 billion.

Is Michael Jordan a billionaire?

Michael Jordan is a billionaire. Forbes reports his current net worth is $3.2 billion.

What made Jordan a billionaire?

Michael Jordan is known for his storied NBA career, but it’s business ventures catapulted him into the billionaire club. According to Insider, Jordan became a billionaire in 2014 when the value of the Charlotte Hornets, the NBA franchise he purchased in 2010, rose. The team is now worth more than $1 billion.

Does Nike still pay Michael Jordan?

Yes. Nike still produces Air Jordans – reportedly, there’s no end in sight- and therefore, Jordan still gets paid by the company behind the Swoosh. According to Jordan’s agent David Falk, the initial deal with Nike far exceeded expectations.

In 2020, Falk joined The Herd with Colin Cowherd and disclosed the expectation was to sell $3 million in Air Jordan in four years. Instead, Air Jordans sold $126 million in a year. Since then, there have been more than 30 silhouettes of Air Jordans produced, and the shoes are a significant reason MJ is a billionaire.

How much does MJ make a day?

Jordan has a net worth of $3 billion. Though it’s impossible to say how much his Airness makes in one day, that net worth equates to making about $5.5 million daily.

How much did Michael Jordan buy the Hornets for?

MJ bought the Hornets for about $275 million in 2010. Today, the franchise is worth over $1.5 billion.

How much would Michael Jordan be paid today?

Jordan made so much ($33.1 million) during the 1997-98 season—his last with the Bulls—that it broke the U.S. Bureau of Labor’s inflation calculator (which caps at $10 million). But the value of $1 then translates into $1.86 today. $1.86 x 33.1 million is $61.5 million.