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“Michael Jordan loved cars so much, he bought himself a dealership!” The richest NBA athlete puts his money to good use, be it on luxury or business ventures

Arun Sharma
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“You control everything and can do anything in the zone”: Michael Jordan broke down what he it was like to have everything working for him in his 50 and 60+ point games

Michael Jordan spends his money like a true billionaire – a diversified portfolio of luxury and investments

Michael Jordan became a billionaire after his playing days – but he was no stranger to luxury. He owned a bunch of cars, ensconced himself in luxury brands, and lived in mansions. He has a custom-designed bespoke mansion sprawling over multiple acres of land.

The best part of his affinity for cars was him buying a whole dealership! He was not all for needless spending though, investing in multiple facets. Some of them worked, but some of them tanked quite spectacularly. His investment in GameStop cost him a cool half a billion dollars, but he isn’t worried.

He’s on the alternate investment route now, buying up his old rookie cards. Basketball cards are all the rage now, so he knows the value of them. Imagine buying a card of Michael Jordan, owned by MJ, and signed by him. That would break the internet.

Also Read: “Michael Jordan threw his paddle and didn’t talk to anyone for two days”: Bulls legend reacted maniacally to losing to Christian Laettner in a game of ping-pong

Michael Jordan was the first billionaire athlete from the NBA – he did not earn it all during his playing career though

Michael Jordan played in an era when salaries weren’t exorbitant and only the top players got the big bucks. Even then MJ got paid the best because he was the best in the league. To say he only made 94 million dollars as a player seems sacrilegious, but smart investments paired with sublime marketing made sure he was always in the upper echelon of athletes.

The Black Jesus and his lifelong deal with Nike paired with the general public’s craze to buy his sneakers means that he will never go broke. Not that he was in trouble anyway, seeing that he is worth 1.8 billion. His investment into the then-called Charlotte Bobcats was the best deal he ever made since the team is now a billion-dollar baby.

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LeBron James is well on track to follow the footsteps of his idol – He wore the number 23, is a billionaire, and plans to own a team once he retires.

Also Read: “A used Michael Jordan cigar is up for auction right now”: Bulls legend has a smoked cigar of his up on auction as of this moment

About the author

Arun Sharma

Arun Sharma

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Arun Sharma is an NBA Editor at The SportsRush. A double degree holder and a digital marketer by trade, Arun has always been a sports buff. He fell in love with the sport of basketball at a young age and has been a Lakers fan since 2006. What started as a Kobe Bryant obsession slowly turned into a lifelong connection with the purple and gold. Arun has been an ardent subscriber to the Mamba mentality and has shed tears for a celebrity death only once in his life. He believes January 26, 2020, was the turning point in the passage of time because Kobe was the glue holding things together. From just a Lakers bandwagoner to a basketball fanatic, Arun has spent 16 long years growing up along with the league. He thinks Stephen Curry has ruined basketball forever, and the mid-range game is a sight to behold. Sharma also has many opinions about football (not the American kind), F1, MotoGP, tennis, and cricket.

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