How basketball legend Michael Jordan is rich and spends opulently with his $1.9 billion fortune

Michael Jordan, who retired a long time ago, nevertheless makes more money than players like LeBron James, Stephen Curry, or Kevin Durant do now. Just Nike royalties brought him $100 million annually as of 2015.

Even though he retired decades ago, Michael Jordan still makes more money than players like LeBron James, Stephen Curry, or Kevin Durant. Just Nike royalties brought him $100 million annually as of 2015.

2010 saw his $175 million purchase of the Charlotte Hornets. With the value of his basketball team soaring in 2014, Michael Jordan formally became a US billionaire. Currently worth over $1.3 billion, Jordan owns 97% of Charlotte Hornets.

According to Forbes, Michael Jordan is the 455th richest person in the US in 2018 and is the richest former professional athlete on the planet.

Nike owner – Phil Knight – shared that signing with Michael Jordan in 1984 was the wisest decision he ever made. The Jordan brand alone brings in more than $3 billiоn in revenue each year for Nike

Right from his playing days, Michael Jordan signed advertising contracts with a number of different brands.