Michael Jordan He is 58 years old and thanks to his vision and his advisors, he entered history not only because he was the best basketball player in history. NBA According to many experts and fans, he also made his name a sports brand that remains profitable more than 17 years after retirement, although his best decision was to invest in an NBA team.
In accordance with Forbes, the former star of Buffalo Bulls has a wealth appreciated at $ 1.6 trillion. About 33 billion pesos, which ranks him as one of the richest people in the world. In fact, in March 2021 his place is 1001 and does not stop generating revenue, especially due to the momentum of the Netflix series The last Dance about his last season with the Bulls.
He earned less in the NBA than through his marks
The great successes of history Michael Jordan they went with their money and investments. His basketball career began in 1984, Your Majesty earned $ 90 million for his salary as an NBA player, most of this was in his later career years, when he became the highest paid player and raised $ 30 million..
Counting the $ 3 million he earned with the Wizards at the end of his career, in total Jordan he raised over 93 million for his player salary.
The big decision of his life
With the money from sponsorships and his salary, Michael Jordan decided to become the majority partner of Charlotte Hornets in 2010. When it did, the value of the franchise was $ 175 million.
Nine years later when Jordan sold a minority stake, Hornets rose in value and the equipment is currently valued at $ 1.5 billion. According to Forbes, this is where most of their wealth comes from.
Continue with your business agreements
The story with NIKE is the best known of all. The popcorn company moved to Jordan in 1984 after Adidas refused to have the basketball player. In its portfolio, as the player said in those years, the German brand was looking for players over 2 meters tall (Jordan is 1.98 meters tall). His first contract was $ 250,000.
Today more than 35 years later, together with NIKE has a branch Jordan Brand which continues to produce sporting goods and the famous Air Jordans in all possible designs from the retro of the 80’s to the last one he showed as a player. In addition, the new models and sponsorships of the new figures of NBA.
Only in the last quarter of 2019, the brand invoiced billions of dollars, a large percentage of that money goes into Jordan’s pockets that as if that wasn’t enough, he’s still attached to Gatorade, Hanes and Upper Deck (for souvenirs and sports books) who have been loyal to him throughout his career.
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