What is Michael Jordan’s net worth? Who is Michael Jordan’s wife?
Michael Jordan, with 15 seasons for the Chicago Bulls and Washington Wizards, is known as one of the most competitive athletes ever.
During his basketball career, Jordan scored 32,292 points.
He was born on February 17, 1963, in New York City, as Michael Jeffrey Jordan.
His parents, James and Deloris Jordan, taught MJ to work hard and not waste his talent.
“My parents taught me very well, is you know, don’t wear your reputation, don’t wear your accolades, don’t wear your you know your personality on your sleeve, let it happen, let it be you; it is who you are, don’t hide from it, but don’t wear it and rub it in people’s faces,” MJ said in an interview in October 2020.
During high school, Jordan played football, baseball, and basketball.
Jordan attended the University of North Carolina at Chapel Hill, where he played under coach Dean Smith for three seasons from 1981 to 1984.
During his time at UNC, the Tar Heels had an impressive record of 88-133.
Jordan began his professional basketball career with the Chicago Bulls in 1984 after being drafted as the third overall pick.
He made his NBA debut on October 26, 1984, against the Washington Bullets.
In his first game, Jordan scored 16 points. His rookie year was statistically impressive, leading him to win the 1984-1985 NBA Rookie of the Year award.
His first title win with the Chicago Bulls came in 1991, securing the team’s first-ever NBA championship.
In 1993, Jordan became the first to win the Finals MVP for three consecutive years.
On October 6, 1993, Jordan decided to leave basketball and pursue a career in professional baseball. In 1994, he inked a contract with the Chicago White Sox.
He returned to the NBA in March 1995 and led the Bulls to three more championships.
In early 1999, he retired again. “I know from a career standpoint I have accomplished everything that I could as an individual,” he said.
About one year later, MJ became president of basketball operations of the Washington Wizards. He returned to the NBA in 2001 at the age of 38 to play for the Washington Wizards.
The Bulls Legend finally retired from the NBA in 2003 after 15 seasons.
Jordan became the majority owner of the Charlotte Bobcats (now known as the Charlotte Hornets) in 2010.
He initially bought a minority stake in the team in 2006, when real estate magnate Robert L. Johnson owned the team.
In 2023, Jordan has sold his majority stake in the Charlotte Hornets.
The sale, which has been finalized, ends Jordan’s 13-year run as the owner of the Hornets. Charlotte won 41.7 percent of its games under Jordan’s stewardship.
Jordan will maintain a minority ownership stake after the completion of the sale.
“I’m proud of all that the organization accomplished,” Jordan said in a press release.
Michael Jordan has been married twice. His first wife is Juanita Vanoy. The two got married in 1989 in LA. After 17 years of marriage, they decided to part ways, and their divorce was finalized in December 2006.
Juanita received a $168 million settlement.
Michael Jordan’s second wife is Yvette Prieto, a Cuban-American model. They started dating in 2008 and got engaged in 2011. The couple tied the knot on April 27, 2013, in a lavish ceremony attended by many notable personalities.
The wedding cost was about $10m. Interestingly, the wedding tent is the largest in history, approximately 40,000 square feet.
With his first wife, Jordan has three children — Jeffrey, Marcus, and Jasmine Jordan.
With Yvette, MJ has twin daughters named Victoria and Ysabel.
“Everybody has talent, but ability takes hard work.”
“To learn to succeed, you must first learn to fail.”
“To win, you got to lose to be successful; you got to have something that’s not successful, to be happy, you got to have disappointment.”
“I never took a day off. If I took a day off, then Scottie was going to take a day off.”
“I’ve never lost a game, I just ran out of time.”
Michael Jordan – Net Worth – Is Michael Jordan a billionaire?
So, how much is Michael Jordan worth?
Jordan accrued most of his wealth from his career as a professional basketball player, Nike partnership, and selling the Hornets.
Throughout his fifteen-year career, MJ won six championships and five MVPs. Through 1,072 NBA games, he posted averages of 30.1 points per game. Jordan made $94 million in his 15 NBA seasons.
In 1984, Jordan signed his first contract with Nike, worth $2.5 million for 5 years. Until 2020, he made over $1.3 billion from this partnership. In 2021, he made $235 million from the deal with Nike and $256 million in 2022.
The Nike Air Jordan is so big that in 2020, one pair of worn sneakers by MJ during an exhibition game played in Trieste, Italy, sold for $615k.
Charlie Denson, Nike Brand President until 2014, said: “The Air Jordan franchise created the most coveted basketball footwear in the world.”
He also appeared in several Nike commercials and the Warner Brothers cartoon comedy Space Jam.
In August 2023, Jordan sold the Hornets for $3 billion to a group led by Gabe Plotkin and Rick Schnall.
In 2012, Jordan listed his 9 bedrooms and 14 parking spaces Chicago mansion for $29 million. It is a 7-acre property for which he paid $2 million in 1991.
The property contains a tennis court, a full-fledged golf course, a game room equipped with a pool table, a basketball court, and an infinity pool. In 2013, the price was lowered to $21 million, and $14,855,000 million in 2015. It currently still sits on the market. The property taxes are around $100k per year.
In 2013, Michael bought a six-bedroom lakefront villa in Cornelius at Jetton Park on Lake Norman.
Therefore, Michael Jordan has an estimated net worth of $3 billion. He is part of the Forbes 400 (the 400 richest people in America) and became the first professional athlete to accomplish the feat.