Michael Jordan, born February 17, 1963, is an American retired professional basketball player, businessman, and principal owner and chairman of the Charlotte Hornets. Jordan played 15 seasons in the National Basketball Association (NBA) for the Chicago Bulls and Washington Wizards.
Michael Jordan attained his personal net worth of about $1.3 billion in a very successful career spread over about four decades.
In the course of his professional career, Jordan has been a six-time NBA Finals MVP, a five-time NBA Most Valuable Player, a 14-time NBA All-Star, and a six-time NBA champion.
By acclamation, Michael Jordan is the greatest basketball player of all time.
Jordan is also known for his product endorsements. He fueled the success of Nike’s Air Jordan sneakers, which were introduced in 1985 and remain popular today.
Jordan became the first billionaire NBA player in history as a result of the increase in value of NBA franchises and according to Forbes, he has an estimated net worth of $1.31 billion as of July 2017.
Roughly half of Jordan’s $1.2 billion net worth can be attributed to his 90 percent ownership stake in the Charlotte Hornets and also owns several restaurants and a car dealership.
Perhaps most famous is his hugely lucrative endorsement deal with Nike that led to the creation of the iconic Air Jordan trainers – according to Forbes magazine, Brand Jordan remains a $1 billion sales business for the sports manufacturer. He’s also negotiated big sponsorship deals with the likes of Gatorade, Coca-Cola and McDonald’s, as well as starring alongside Bugs Bunny in his own Looney Tunes film, Space Jam all adding to his net worth portfolio.
All this makes you wonder…. what how much will Michael Jordan’s net worth be by the year 2020 if things fall in the right place?
According to celebrity net worth, to figure out Jordan’s projected 2020 net worth, we’ll approach each asset starting with the Hornets. Based on how other NBA teams have appreciated in value over the previous 5 years, it’s reasonably to project that the value of the Hornets rises to $1 billion by the year 2020. That would make Jordan’s stake in the team worth $895 million.
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Next up, Nike money. Jordan’s royalties from Nike rise on an annual basis as a result of growing sales. At his current pace, MJ made $120 million from Nike in 2016. He is expected to make $140 million in 2017, $160 million in 2018, $180 million in 2019, and $200 million in 2020. That’s $900 million in royalties before taxes. Let’s call it a cool $500 million after taxes over the course of five years (Jordan lives in Florida, which has no state income tax).
Finally, add in his liquid assets and real estate investments, which will likely appreciate in value over the course of five years; let’s say those grow to $600 million in value.
When you add it all up ($895 + $500 + 600), and by 2020 it would not be crazy for Michael Jordan’s net worth to be around $2.1 billion. His “airness” could end up doubling his net worth in five years. If that’s not ballin’, I don’t know what is!
Jordan features prominently on the Forbes billionaire list, which is now in its 30th year,and has 1,810 people on it all of whom can actually say they are worth at least 10 figures. As of March 1, the Forbes’ billionaires have a combined net worth of $6.48 trillion.
Jordan’s wife, Yvette Prieto, has been a successful business woman in her own right. According to The Richest, Prieto has a net worth estimated at $1.5 million. This may not compare to the fortune Jordan has made, but it is a high number compared to most people. Prieto made most of her money modeling for such designers as Alexander Wang.
Jordan and Priesto had twin daughters, Victoria and Ysabel, in 2014. Jordan also had two sons, Jeffrey and Marcus, as well as a daughter, Jasmine, with his former wife, Juanita.
The exact number of cars that make up Jordan’s net worth is not particularly known but he has in his fleet cars such as Range Rover, Cadillac XLR, 2007 Mercedes-Benz SLR McLaren, Ducati 999 Chevrolet C4 Corvette, Ferrari 512 TR, Porsche 911, Toyota Land Crusier, Aston Martin DB7 Volante, Ferrari 599 GTB Fiorano and he also boasts of a private yacht and the millionaire basket ball player owns a personalized private jet Gulfstream IV which can seat 14-19 people.
The legendary NBA player’s “Bears Club” home is a three acre property, which is considered the most pricey non-waterfront home in the Palm Beaches, estimated at a hefty $20 million including the construction and furnishings. Developed by the world’s supreme golfer “Jack Nicklaus”, Bears Club is a magnificent stone gated community which is home to the wealthy and eminent.
Jordan’s marvelous home is located in the well guarded “Bears Club” community in Florida, USA.
Jordan’s mammoth home is spread over an area of 28,000 sq ft and is surrounded by a thick wall of trees. The lavish home includes three split structures which include a guard house, a guest house and a pool house. The plush home features 11 bedrooms with 6 bedrooms on the 2nd floor, a basketball court with an athletic wing, a sumptuous workout facility and a mammoth media room with state-of-the-art electronics.
Apart from this, he has four other houses; the Highland Park mansion, Miami estate, Charlotte penthouse, and the North Carolina home.
He is also said to have over 80 pairs of sneakers in his personal collection worth close to a million dollars.
Source: Naija News