The importance of $94 million: it is more than Michael Jordan's career earnings from playing salaries with the Chicago Bulls and the Washington Wizards, who earned $93.8 million with the Chicago Bulls and the Washington Wizards. But don't cry for Michael Jackson. The financial success of Michael Jordan has made him one of the most profitable athletes in American history.
In his 20 years playing basketball, Michael Jordan made billions of dollars in advertising revenue alone. He also won six NBA championships and was voted MVP five times.
When he retired in 2003 after winning his seventh championship with the Chicago Bulls, his net worth was estimated at $750 million. He remains the highest-paid athlete in America.
During his career, Michael Jordan made more than $100 million per year. His annual income ranged from $10 to $50 million depending on how you calculate it. To give you some idea of how much money he makes now, here are some other famous people' incomes: Mark Zuckerberg - $1 billion Apple CEO Tim Cook - $75 million NFL Commissioner Roger Goodell - $44 million MLB Baseball Player Alex Rodriguez - $25 million NBA Basketball Player LeBron James - $23 million NCAA Football Player Cam Newton - $22 million Tennis Player Rafael Nadal - $12 million
Despite being paid a relatively tiny $1 million per season with the Wizards, MJ did not pocket any of his on-court profits during the 2001-02 season. According to the Post, "Jordan said he will donate his first year's income to the victims of the September 11 terrorist attacks." He also told ESPN, "I don't want anyone to feel sorry for me. This is what I do and this is how I live my life."
In 2002, Jordan made an estimated $47 million, which was at the time the highest salary in NBA history. His agent, David Bauman, said, "He could have had a bigger paycheck but Michael wanted to be a goodwill ambassador for basketball."
During his six seasons with the Wizards, Jordan averaged 27.3 points, 6.4 rebounds, and 3.0 assists per game. He helped lead his team to the playoffs each season except the first.
After leaving Washington for Chicago after the 1997-98 season, Jordan's salary dropped to $10 million per year. He still managed to win two more championships with the Bulls, bringing his total to six.
Overall, Jordan played six seasons in Washington and appeared in 672 games, averaging 35.7 minutes per game. He scored 20 or more points seven times and has 48 career games with at least three steals.
Milestones in Michael Jordan's Net Worth: Michael Jordan was originally added to Celebrity Net Worth in September 2009, with a net worth of $500 million. $500 million in 2009. $650 million in 2013. $1 billion in 2014 $1.1 billion in 2016. $1.2 billion in 2017. $1.5 billion in 2018. $1.9 billion in 2019.
See Michael Jordan for more information about other persons with the same name (disambiguation). Michael Jeffrey Jordan (born February 17, 1963), better known by his initials MJ, is a businessman and former professional basketball player from the United States.
As the Jordan Brand grew in popularity, so did MJ's income. Last year, he received an estimated $130 million from Nike, which is four times more than LeBron James, who has the largest shoe deal among active NBA players.
In 2014, Jordan sold over $750 million worth of shoes and apparel. The bulk of that comes from Nike but he also sells items with other brands including Puma. He also receives royalties from licensing deals with sportswear companies across the world.
Air Jordans are no longer made by Nike but they remain one of the best-selling sneakers in the world. There have been several variations of the shoe created over the years including some that feature different colors and designs but each one includes at least one pair of Air Jordans as well as a selection of other NBA legends such as Larry Bird, Walt Frazier, and Bill Russell on its bottom line.
Michael Jordan owns shares in Nike but doesn't take part in any decision making processes related to product design or marketing. He also donates all his profits to charity.
Michael Jordan allegedly declined a $7 million offer to play one round of golf with a fan. Michael Jordan earned less than $100 million during his storied NBA career, but he has subsequently become the world's richest athlete due to large endorsement agreements and ownership of the Charlotte Hornets.
In 2004, it was reported that Michael Jordan lost $250,000 after signing up for an annual membership at the famed Augusta National Golf Club in Georgia. At the time, this was believed to be the highest amount of money ever lost by any player at the club. However, this mark was later surpassed by Tiger Woods who reportedly lost $1 million in 2009 when he failed to pay his dues.
It also was reported that Jordan refused a $7 million offer from a business partner to play one round of golf with a fan. The partner claimed that he would donate the money to a charity if Jordan would just agree to play a round with him.
This story comes from a book called "Jordan: The Life" by David Halberstam. It is said that this incident took place before a game between the Chicago Bulls and Portland Trail Blazers on April 5th, 1993. During the game, which Chicago won 105-101, Jordan had 7 points, 4 rebounds, and 3 steals.
After the game, a member of the media asked Jordan if he would play golf with a fan.