Michael Jordan's Top 5 investments

1 - Michael Jordan's Endorsement Earnings ;-

Michael Jordan's present income stems primarily from endorsements. His earnings of $1.7 billion (before taxes) have been amassed from partnerships spanning over four decades with brands such as Nike, Coca-Cola, McDonald's, Wheaties, and Chevrolet. These collaborations remain ongoing, with Michael Jordan maintaining relationships with companies like Nike, Hanes, Gatorade, and Upper Deck.

Nike

Nike has consistently stood as Jordan's primary income generator. Beyond royalties, his initial five-year contract with Nike, established in 1984, brought in $500,000 annually (equivalent to around $1.2 million today). Forbes reports his earnings for the previous year, integrated into the mentioned sum, reached $130 million. This figure outpaces LeBron James' earnings, whose NBA shoe contract is the second-largest, by a factor of four.

NBA athletes Zion Williamson, Jayson Tatum, and Rui Hachimura are currently sporting the Air Jordan XXXIV, a Nike creation introduced in September. As per market research firm NPD, Nike secured a substantial 86% of the U.S. basketball performance shoe market in 2019, including its Jordan Brand. In the broader realm of lifestyle basketball footwear, Nike's influence is even more dominant, commanding an impressive 96% market share.

2 - Charlotte Hornets(American professional basketball team) ;-

In 2010, he acquired a majority of the team's shares through a $175 million purchase, primarily funded by debt. Gradually, his ownership stake expanded to 90%. His investment timing proved fortuitous, aligning with three pivotal events that triggered a surge in team valuations. First, there was the implementation of a new collective bargaining agreement, reducing players' revenue share from 57% to 50% in 2011. This was followed by the "Ballmer bump" after Steve Ballmer, the former CEO of Microsoft, bought the Los Angeles Clippers for a staggering $2 billion in 2014, setting a new NBA record price that was more than three times the previous benchmark. Lastly, the subsequent replacement NBA TV deal struck between ESPN and TNT significantly elevated the value of the prior agreement, effectively tripling its worth.

3 - Michael Jordan's Investments ;-

4 - Michael Jordan's other sources of Income ;-

Michael Jordan is aware of the need of having several revenue streams. Aside from his significant investments in the Hornets and the Jordan Brand, MJ also contributed to the investor group that paid $1.2 billion in 2017 to acquire the MLB's Miami Marlins. Jordan owns 1% of the franchise, while Derek Jeter, a close friend of his for many years, owns 4%.

Jordan also owns a car dealership and maybe a partner in Cornerstone Restaurant Group, which runs five Jordan-branded restaurants.

5 - Michael Jordan's mansion ;-

Residences Across the U.S.: Michael Jordan's property portfolio spans five residences across the United States. Headquartered in North Carolina, his NBA franchise, the Charlotte Hornets, anchors him to the state, where he possesses two residences. A third residence graces the Florida town of Jupiter.

A Grand Illinois Mansion: Jordan's opulent property in the Chicago suburb of Highland Park, Illinois, boasts a sprawling living space of approximately 32,000 square feet. The expansive estate encompasses 56,000 square feet, accounting for outdoor areas replete with a court and a pool. This mansion, now listed for $14.8 million, features 19 bathrooms and 9 bedrooms, having been on the market since 2012.

Florida Retreat: In the golfing haven of Jupiter, Florida, Jordan enjoys a $4.8 million residence nestled within a golf club.

Elevated Living in Charlotte: Another property in North Carolina, specifically in Charlotte, is Jordan's upscale haven occupying the entire seventh floor of Trust Condos. This lavish space spans around 7,000 square feet.

Michael Jordan's knack for strategic investments, coupled with his penchant for luxurious living, is evident in his diverse property holdings.

FAQ

1. What is Michael Jordan's net worth?

The approximate net worth of Michael Jordan was assessed to be about $2.2 billion.

2. How many points did Michael Jordan average in a season?

Throughout his NBA career, Michael Jordan averaged 30.1 points per game.

3. How many championships did Michael Jordan win?

Michael Jordan secured six NBA championships while playing for the Chicago Bulls. He accomplished this remarkable feat in the following years: 1991, 1992, 1993, 1996, 1997, and 1998.

4. What is Michael Jordan's nickname?

Michael Jordan is frequently recognized by his renowned monikers, "MJ" or "His Airness."

5. What is Michael Jordan's jersey number?

During the majority of his NBA career, Michael Jordan donned the iconic jersey number 23. However, upon his return from his initial retirement, he briefly switched to wearing number 45.

6. What is Michael Jordan's shoe size?

Michael Jordan wears a shoe size of 13 in the US measurement.

7. How tall is Michael Jordan?

Michael Jordan's height measures 6 feet 6 inches (198 cm).

8. How much did Michael Jordan make in his career?

Michael Jordan accumulated significant earnings from his NBA contracts, endorsements, and entrepreneurial endeavors. Throughout his career, he amassed hundreds of millions of dollars, solidifying his position as one of the most affluent athletes in history.

9. What is Michael Jordan's college?

Michael Jordan attended the University of North Carolina at Chapel Hill and played college basketball for the North Carolina Tar Heels.

10. What is Michael Jordan's high school?

Emsley A. Laney High School in Wilmington, North Carolina, was attended by Michael Jordan.

11. What is Michael Jordan's favorite food?

As of my last knowledge update, there was no widely-known specific favorite food of Michael Jordan.

12. What is Michael Jordan's favorite movie?

There is no widely-known specific favorite movie of Michael Jordan.

13. What is Michael Jordan's favorite car?

Michael Jordan has been known to have a passion for luxury cars and has owned several high-end vehicles, but there is no widely-known specific favorite car.

14. What is Michael Jordan's favorite song?

As of my last knowledge update, there was no widely-known specific favorite song of Michael Jordan.

15. What is Michael Jordan's favorite book?

There is no widely-known specific favorite book of Michael Jordan.

16. What is Michael Jordan's favorite quote?

A notable quote from Michael Jordan goes: "I'm okay with experiencing failure, as everyone encounters setbacks. However, I find it difficult to come to terms with not making an effort."

17. What is Michael Jordan's legacy?

Michael Jordan's legacy in basketball is unparalleled. He is widely regarded as one of the greatest basketball players of all time and has left a lasting impact on the sport both on and off the court. His competitive spirit, skills, and accomplishments have inspired generations of players.

18. Why is Michael Jordan so popular?

Michael Jordan's fame emanates from his exceptional basketball prowess, his unwavering drive for victory, and his compelling charm, both within and beyond the arena. He transformed into a worldwide symbol, playing a pivotal role in catapulting basketball's popularity to unprecedented levels.

19. What is Michael Jordan's impact on basketball?

Michael Jordan's influence on basketball is profound, reshaping the sport through his remarkable athleticism, scoring prowess, and defensive excellence. He played a pivotal role in elevating the NBA's global prominence and emerged as an inspirational figure for aspiring basketball talents worldwide.

As a savvy investor, Michael Jordan has taken part in fundraising rounds for companies including aXiomatic, Sportradar, a provider of sports data located in Switzerland, Muzik, a manufacturer of headphones, and Gigster is a San Francisco-based platform catering to independent software professionals.. In 2018, Jordan joined fellow NBA Hall of Famer Magic Johnson as an investor in aXiomatic, the parent business of the $320 million esports team Team Liquid.

Last year, Jordan collaborated with three fellow NBA owners—Wyc Grousbeck of the Boston Celtics, Jeanie Buss of the LA Lakers, and Wes Edens of the Milwaukee Bucks—to establish the ultra-premium tequila brand named Cincoro. Among the range, the most expensive offering is the Extra Aejo, featuring a suggested retail price of $1,600.

Michael Jordan's Top 5 investments