Michael Jordan emerged at a crucial moment in the NBA’s history. He became the face of the league at a time when the NBA was exploding in popularity. And soon, he became the most marketable athlete in the NBA.
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This, along with his many investments and endorsements, resulted in Jordan eventually becoming worth over 1.6 billion dollars.
But enough about growing money. How does Jordan spend all that mulah?
Jordan’s Financial Rise
Michael Jordan came into the league and immediately became an electric presence. The rookie lit up the NBA.
In addition, Jordan made some very clever financial decisions. Jordan started endorsing products and was quickly becoming a financial powerhouse.
Eventually, he would ink a deal with Nike in 1984. This would transform the future of both parties.
Jordan would eventually become a billionaire, and perhaps the biggest reason why, is the popularity of his brand with Nike. The Air Jordans are without a doubt the most iconic sneaker series ever. A mainstay of pop culture and streetwear, the sneakers would be the platform for his wealth.
Jordan would also participate in many other ventures. Jordan’s business interests also stretch to stakes in the betting company, DraftKings. The first basketball player to become a billionaire would bring the same intensity he had on the court to his financial matters.
Read more: Earning Merely 5% From Jordan Brand, Michael Jordan Has Brought In $19 Billion For Nike In 5 Years
Jordan’s Mansion on Sale
Jordan has shown no inclination to hoard this money. He is worth 1.6 billion dollars remember? When you’re worth that much, you can afford to splurge.
Owning an NBA team can be hard but that didn’t stop Michael Jordan. In fact, he is the majority owner of the Charlotte Hornets. Additionally, His Airness even owns a golf course, the Grove XXIII. Dubbed “Slaughterhouse 23” the golf course is tailored for Jordan.
What else does he own? Well, take a look at the YouTube clip below.
Jordan is one of the most recognizable players on the planet. Capitalizing on that has led to a 1.6 billion dollar net worth. Clearly, the ‘Black Jesus’ loves using his blessings.
