How Much Michael Jordan's Net Worth Has Increased Since He Retired

May 2024 · 2 minute read

Michael Jordan is considered the richest player in NBA history, according to Business Insider, still out-earning "Lebron James, Stephen Curry, Kevin Durant, or any other active player" to this day — it's in large part due to his business deals. 

The outlet reports that the NBA legend not only out earned all of his peers before retiring in 2003, but that most of his net worth was acquired since then. Jordan owns a majority stake — 97%—  of the NBA's Charlotte Hornets and even though the team ranks almost last in the league, Fox Business reports that it's still worth $1.5 billion. Although it's making him a billionaire, Jordan reportedly said that winning a seventh championship ring as an owner would be "much more gratifying than the other six" that he won as a player (via Business Insider). 

In addition to his earnings from playing with the Bulls and his stake in the Hornets, Jordan also makes a large portion of his income through his sneaker deal with Nike. Jordan's sneaker deal was so lucrative that Nike broke it off into its own brand — Air Jordans. The brand now "brings in roughly $3 billion in revenue each year." 

Additionally, Jordan has deals with Hanes, Gatorade, and Upper Deck, per Forbes, which all contribute to his overall net worth.

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