• Skip to main content
  • Skip to header right navigation
  • Skip to site footer
Total Pro Sports logoTPS text logo

Total Pro Sports

"For Sports Fans, By Sports Fans" The lighter side of sports.

  • NFL
  • NBA
  • MLB
  • NCAA
  • MMA
  • More
    • Boxing
    • Golf
    • Motor Sports
    • NHL
    • Olympics
    • Soccer
    • Tennis
    • UFC
    • WNBA
    • Wrestling
    • WWE
    • XFL
    • General
Home » NBA » Michael Jordan’s Net Worth in 2021: Everything to Know
NBA

Michael Jordan’s Net Worth in 2021: Everything to Know

June 1, 2021 @2:26pmby Howard Cosmell
FacebookTweet
40
michael jordan net worth
(Photo by Scott Halleran/Getty Images)

Michael Jordan is the kind of man who needs no introduction. As the greatest basketball player of all time and one of the few professional athletes to have the title of “billionaire,” you’d be hard-pressed to find a soul in America who isn’t familiar with His Airness. But what exactly is Michael Jordan’s net worth?

Jordan has been involved in so many endorsements and business ventures that it’s hard to even touch upon them all. A driven man who has given back a portion of his wealth and time to those in need, there’s a reason that MJ is an icon for the ages.

So exactly how much money does Michael Jordan have, and where did it all come from?

Let’s take a look at Jordan’s career, investments, philanthropy, and more.

Michael Jordan’s Net Worth

According to Forbes, Michael Jordan’s net worth is estimated to be about $1.6 billion as of May 2021. That number is surprisingly $500-million below the $2.1 billion Forbes estimated MJ to be worth in 2020. He has earned this incredible sum of money through a variety of avenues. They include his Jordan Brand, endorsement deals, profitable investment ventures, and, of course, his career as perhaps the best basketball player of all time.

michael jordan net worth phil jackson
Jordan’s Bulls completed their second 3-peat during the 1997-98 NBA season. (Photo credit JEFF HAYNES/AFP via Getty Images)

Michael Jordan has become the richest former professional athlete in the world. Though he retired in 2003 having earned a measly $90 million during his basketball career, that hasn’t stopped him from becoming a billionaire.

Michael Jordan’s Career

Jordan began playing basketball at a young age and went to the University of North Carolina at Chapel Hill on a basketball scholarship. In 1984, he was drafted by the Chicago Bulls to mark the beginning of his NBA career. Between the years of 1984 and 1993, the Bulls were the only NBA team he played for.

Jordan retired for a brief period of time and had a short stint playing minor league baseball. But he eventually returned to play for the Bulls between 1995 and 1998.

(If you love baseball just as much as you love basketball, check out our MLB section!)

MJ baseball white sox
NBA players were probably happy to see Jordan take a hiatus to pursue a career in basketball. (EUGENE GARCIA/AFP via Getty Images)

Michael Jordan retired for a second time between the years of 1999 and 2001. In 2000, though, he returned as a part-owner for the Washington Wizards as well as the president of basketball operations.

Once again, Jordan chose to return to the NBA in 2001. He played with the Washington Wizards until 2003.

On top of his career with the NBA, Jordan also won two gold medals as a part of the US Men’s basketball team at the Olympics in 1984 and 1992.

Michael Jordan’s Earnings From Endorsements

A vast majority of Michael Jordan’s current wealth was earned from endorsements. In a period of about 40 years, Jordan has earned over $1 billion in endorsements from several different brands. These include Nike, Wheaties, McDonald’s, Coca-Cola, Chevrolet, and more. To this day, he is still involved with a number of brands including Nike, Gatorade, Upper Deck, and Hanes.

Nike has always been the biggest source of income for Michael Jordan. In 1984, he signed a five-year deal with the sportswear company, earning $500,000 a year in addition to royalties. To be clear, this annual salary alone would be about $1.2 million in today’s currency.

nike jumpman logo
Nike’s Jumpman logo has become iconic in today’s pop culture. (Photo by Christian Petersen/Getty Images)

According to Forbes, Michael Jordan made $130 million from his Nike endorsement deal alone in 2020. This is four times more than the second biggest NBA shoe deal, which is the endorsement deal of Lebron James.

Jordan’s very first endorsement deal was with Chevrolet in 1984. This was when he was a rookie and well before he was well known to the entire world.

He appeared on more covers of Wheaties’ cereal boxes than any other athlete. In 1991, he signed a deal with Gatorade. That earned him a cool $13.5 million over the course of ten years.

Michael Jordan’s Investments

Michael Jordan didn’t only know how to make money, but he knew how to make his money work for him. He has invested in a number of tech startups including Gigster. He was also a part of a $305 million investment in a startup known as Dapper Labs.

michael jordan net worth hornets owner
Michael Jordan is the principle owner and chairman of the Charlotte Hornets. (Photo by Streeter Lecka/Getty Images)

MJ took majority control of the Charlotte Hornets in 2010. This $175 million deal proved to be a good move indeed, as team values exploded shortly after this. In September 2020, he sold 20% of the team which was valued at the time at $1.5 billion.

Real Estate

Jordan has also put a ton of money into real estate. He owns properties in Chicago, North Carolina, Utah, and Florida. His Chicago home (which was his primary residence until 2007) has been listed on the market since 2012. The current listing price is $14.9-million, but it is believed that the many custom features are making it difficult to sell the property.

Some of those custom features include a custom “23” on the driveway gate, and a full basketball court with a jumpman logo. The house is 32,000 square feet, with 9 bedrooms and a whopping 19 bathrooms.

MJ actually owns not one, but two homes in North Carolina — a villa on Lake Norman that is located on the Peninsula golf course, and a luxury penthouse condo in Charlotte that’s 7,000 square feet. His Utah home is located in Park City is 10,000 square feet and has been listed for $7.5-million since 2019.

And then there’s his $12.8-million mansion in Jupiter, Florida. This is where Jordan spends most of his time these days. And who can blame him? The residence is located in an incredibly high-profile area known as “The Bear Club.” It is 26,299 square feet and includes a cigar room, a basketball gym, a guard house, a guest house, and a pool house.

Jordan purchased the home approximately 10 years ago for $4.8-million, and he added roughly another $7.6-million in renovations — which is chump change when you’re as rich as MJ.

Michael Jordan’s Philanthropy

On top of making a truly remarkable amount of money over his career, Jordan has also made a point to give back. There are a number of charitable organizations to which he has been a major contributor.

The movie “The Last Dance,” a documentary that focused on the last championship run Jordan had with the Bulls will apparently have all proceeds go to charity. One of the charities that will benefit from this film include the Friends of the Children nonprofit.

He also pledged to pay arena workers for missed games, along with most other NBA owners, so that workers wouldn’t suffer lost income during the time of the coronavirus pandemic.

michael jordan net worth wizards
Michael Jordan spent his final two seasons as a member of the Washington Wizards. (Photo by Ezra Shaw/Getty Images)

Jordan has additionally paid large amounts of money to help with hurricane relief efforts in the Carolinas and the Bahamas. He’s also spent thirty years involved in the Make-A-Wish foundation as both a grantor and a donor.

Are You Looking to Stay Tuned into the NBA and Sports News?

When you follow sports, you’re following an incredible drama that unfolds over time. Full of truly impressive and sometimes wacky characters, incredible feats of athleticism, moments of tragedy, and moments of grace, there is something deeply human about incorporating the world of sports into your life.

Michael Jordan’s net worth is an example of how someone who has talent, passion, and drive can truly climb the ladder to sit on top of the world. When you’ve reached billionaire status, you don’t have to worry about saving pennies for a new pair of Air Jordan’s ever again.

Are you looking to stay clued into everything that goes on in the NBA? If so, check out our newsfeed here!

  • Want more from TotalProSports? Follow us on Google News.

You’ll also enjoy these posts


BREAKING: ESPN Is Canceling Their ‘Longest Running Show’

3 days ago 87K+

Social Media Reacts To Big Booty Woman Taking Pictures Of LeBron James After He Fell Into Crowd (VIDEO + TWEETS)

2 days ago 68K+
Ja morant in uniform

REPORT: Ja Morant Under Investigation After SUV With Him & His Entourage ‘Trained A Red Laser’ On Pacers Players & Staff Following On-Court Altercation

12 hours ago 24K+

LeBron’s Agent Rich Paul Looked Sick Watching The Rock Hug His Girlfriend Adele During The Grammy Awards (VIDEO)

1 day ago 24K+

LeBron James Almost Fought A Heckler Who Trolled His Hairline, And Social Media Unanimously Wishes He Had (VIDEO + TWEETS)

January 25, 2023 @8:56pm 23K+

Dwyane Wade’s Wife Gabrielle Union Admits Her Group Chat Is Obsessed With Jalen Hurts (VIDEO)

January 29, 2023 @1:57pm 23K+

LeBron James Called Out For Being “Privileged” After Comments About Bronny James’ College Recruitment (TWEETS)

January 24, 2023 @6:32pm 18K+

Ben Simmons Sends Notice Demanding His Ex To Return $1 Million Engagement Ring After Relationship Ended

January 26, 2023 @8:27pm 17K+

Stephen A. Smith Got Into Heated Confrontation With Jay Williams Over Kyrie Irving (VIDEO)

9 hours ago 15K+

Social Media Had All Sorts Of Jokes After Photo Of Joel Embiid & Kevin Hart At Eagles-49ers Game Goes Viral (PICS + TWEETS)

January 29, 2023 @5:43pm 11K+

Social Media Reacts After Video Surfaces Of A Young, Cocky Skip Bayless From A 1982 Interview (VIDEO + TWEETS)

January 28, 2023 @6:11pm 11K+
Kyrie Irving scratching his beard

REPORT: Brooklyn Nets Turned Down Massive Trade Packages From Lakers, Clippers & Suns For Kyrie Irving

24 hours ago 11K+

IG Model Exposes Anthony Edwards For Trying To Fly Her Out While Having A Girlfriend (PIC)

January 24, 2023 @10:58am 10K+

BREAKING: Brooklyn Nets Have Traded Kyrie Irving In Monster Blockbuster Deal

1 day ago 9K+
Kyrie Irving dribbling basketball

REPORT: There’s One Team The Brooklyn Nets Will “Never” Trade Kyrie Irving To

3 days ago 7K+
Kay Adams and Shams Charania appearing to flirt with each other

Shams Charania And Kay Adams Unashamedly Flirt On Live TV (VIDEO)

2 days ago 6K+

Chris Paul dribbling against LeBron James

Proposed Mega Trade Could See Lakers Land Chris Paul Ahead Of NBA Trade Deadline

6 days ago 5K+

Gilbert Arenas Shares Interesting Theory On Why Ben Simmons Can’t Shoot If His Life Depended On It (VIDEO)

January 27, 2023 @12:00pm 5K+

Matt Barnes Spit In The Face Of His Fiancee’s Ex At 49ers-Cowboys Game, And It Was All Caught On Camera (VIDEO)

January 26, 2023 @11:46am 4K+

Matt Barnes Granted Temporary Restraining Order Against Fiancée’s Ex-Husband After Spitting In His Face At 49ers Playoff Game

6 days ago 3K+

NBA Fans Absolutely Loved That The Utah Jazz Pay Homeless People To Pick Up Trash At Games (VIDEO + TWEETS)

5 days ago 3K+

Edited Clip Of Skip Bayless Debating Himself About LeBron James Is Going Viral, Has Entire Internet Bursting Into Tears (VIDEO)

6 days ago 2K+

Seven-Time NBA Champion Robert Horry Ejected From Son’s Game For Heckling Officials: ‘Ref, You Suck’ (VIDEO)

January 28, 2023 @5:00pm 2K+
Kyrie Irving looking up

REPORT: Dallas Mavericks Did Not Promise Kyrie Irving A New Contract After Blockbuster Trade

3 hours ago 2K+

Nia Long Has Her Eye On A New Man After Breaking Up With Former Celtics HC Ime Udoka For Cheating (VIDEO)

4 days ago 2K+
Photo of Dak Prescott wearing a cap and photo of Jimmy Butler laughing

Even The Miami Heat Are Ruthlessly Trolling The Dallas Cowboys

January 25, 2023 @1:17pm 1K+

REPORT: Lakers Spoke With Rival Team About A Possible Russell Westbrook Blockbuster Trade

3 days ago 1K+

Russell Westbrook Blasted For Completely Ignoring Young Fan Who Wanted An Autograph (VIDEO + TWEETS)

January 30, 2023 @7:17pm 1K+

Al Horford’s Sister Shares Disgusting Death & Sexual Assault Threats She Got From Fans After Lakers-Celtics Game (TWEETS)

6 days ago 908

Michael Jordan Made More Than Twice The Amount Of Money In 2022 Than He Did Over The Span Of His 15-Year NBA Career

4 days ago 895

NBA Fans Troll Tristan Thompson Over His Reaction To Kyrie Irving Trade Request (TWEETS)

3 days ago 871
Kevin Durant in uniform

League Sources Say One Team Plans To ‘Pursue’ Trade For Kevin Durant After Kyrie Irving Dealt To Mavs

3 hours ago 782

Sidebar

Trending Now


Trending Now


Aaron Rodgers in uniform

RUMOR: Aaron Rodgers New Team Officially Confirmed By Former Packers LB, Davante Adams Chimes In (TWEET)

186K+

REPORT: CBS Had An Intervention With Tony Romo About His On-Air Performance

138K+

Derek Carr Refused To Wear Raiders Hat At Pro Bowl, And His Replacement Cap Was Going Viral (PIC)

133K+

BREAKING: Philadelphia Eagles Player Indicted on Kidnapping and Rape Charges Just Days Before Super Bowl 57

110K+

Tua Tagovailoa’s Parents Announce Decision On His Playing Career (VIDEO)

106K+
  • Contact
  • About
  • Privacy
  • Back to Top

Copyright © 2023 · Total Pro Sports · All Rights Reserved · Powered by BizBudding