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Michael Jordan Net Worth, Bio and Earnings 2022

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Michael Jordan Net Worth, Salary and Earnings
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You probably don’t know about Michael Jordan. Michael Jeffrey Jordan is popularly known as MJ is an American businessman and formerly a professional basketball player. He’s played fifteen seasons and won six NBA championships with the Chicago Bulls.

Michael Jordan’s Net Worth, Bio and Earnings 2022

Image

Full name

Michael Jeffrey Jordan

Date of Birth

February 17, 1963

Age

59 Years

Profession

Basket ball player

Height

6 Ft 6 in (1.98 m)

Nationality

American

Source of Wealth

Endorsements, Former NBA player, Charlotte Hornets team owner, Nike affiliate

Annual Income

$40 million (₦16.6 billion)

Net Worth

$1.7 Billion (₦800 trillion)

Last Updated

August 2022

Michael Jordan Biography and Early Life

Michael was born on February 17, 1963, at Cumberland Hospital, Fort Greene, New York City.

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His parents are Deloris (née Peoples), a bank employee, and James R. Jordan Sr., an equipment supervisor. He’s the fourth born with 2 older brothers (Larry Jordan and James R.), an elder sister(Deloris) and a younger sister (Roslyn).

His brother, James, retired from the command sergeant major in the U.S. Army in 2006. Growing up, in 1968, his family relocated to Wilmington, North Carolina, where he attended Emsley A Laney high school.

 

Michael Jordan’s Basketball journey

It was in his school in Wilmington he began his athletic career. He played football, basketball, and football.

During his freshmen years, he tried joining the school’s basketball team but was disqualified due to his height of about 1.80m. They considered him short for the came.

His tall friend, Harvey, was the only one that joined the team.

Under the coach of Dean Smith and North Carolina Tar Heels, he played three seasons of college basketball. In 1982, he became a member of Tar Heels’ national championship team.

He progressed and joined the Bulls in 1984, courtesy of the third overall draft pick. Here, he emerged a league star, entertained crowds with his prolific scoring and gained a reputation of being among the game’s best defensive players.

He earned the names “Air Jordan and His Airness” due to his leaping ability. This was demonstrated by slam dunks that performed the free-throw line in the Slam Dunk Contests.

In 1991, He bagged his first NBA title with the Bulls. His victory continued in 1992 and 1993.

He took a break in 1993-94 and returned in March 1995, leading the Bulls victorious up until 1998. He took another break in January 1999 and returned to yet lead another victory from 2001 to 2003.

This time, not as a Bull but as a Washington Wizard.

He bagged some other awards like the NBA rookie of the year 1984- 1985, five-time NBA Finals MVP, and so many others. His feat in Basketball is very much admirable.

Michael Jordan Net worth and Business

His primary sources of wealth are Sports and Brand deals. His award-winning title earned only $90million playing for the Bulls. On the official NBA website, he was acclaimed as the “Greatest Basketball Player of all time”.

Michael Jordan helped popularize Basketball during the ‘80s and ‘90s. He is the principal owner and chairman of the Charlotte Hornets of the NBA and 23XI racing in the NASCAR Cup series.

He built his billions through good investments. He’s also a good spender that spends on causes he believes in rather than properties.

He donated $2 million to food banks in Chicago and Carolinas. In 2020, He pledged to donate $100million for 10 years to organizations that support racial equality and good living in the Black American Community.

His investment in Nike as his official sneakers partner increases his net worth to about $100million yearly from the Nike royalties.

In 2020, he purchased an equity stake in DraftKings, a sports betting company. This increased the stock to 12% and a good investment for him.

Forbes values his net worth at $1.7 billion. This has made him the richest retired athlete in the world, as reported in Forbes’ 2022 Billionaires List. This is approximately 800 billion Nigerian Naira.

 

Michael Jordan’s Personal Life

On September 2nd 1989, he married Juanita Vanoy at A Little White Wedding Chapel in Las Vegas, Nevada. They had two sons and a daughter.

Their names are Jeffrey, Marcus, and Jasmine. They filed a divorce and did finally on December 29, 2006, and his wife received $168million as a settlement.

In 2006, he had a secret relationship affair with Knafel but paid her $250,000 to keep their relationship secret.

On Christmas 2011, he proposed to his longtime girlfriend, Cuban-American model Yvette Prieto and they married on April 27, 2013, at Bethesda-by-the-Sea Episcopal Church.

On February 11, 2014, they had their identical daughters, Victoria and Ysabel. He became a grandfather in 2019, from his daughter Jasmine married to a basketball player. She gave birth to a son. He’s still married to date.

On July 21, 2006, a judge in Cook County, Illinois, determined that Jordan did not owe his alleged former lover Karla Knafel $5 million in a breach of contract claim.

 

A Winning Attitude

Jordan has traits that helped leverage his success over the years: perspective and perseverance. As Jordan himself said, “I’ve missed more than 9,000 shots in my career.

I’ve lost almost 300 games. Twenty-six times I’ve been trusted to take the game-winning shot…and missed. I’ve failed over and over and over again in my life. And that is why I succeed.”

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