Introduction
Michael Jordan is a name that has become synonymous with basketball greatness. He is widely considered one of the greatest players to ever grace the court and has achieved immense success both on and off the court. But just how much does this living legend make in a year? In this article, we’ll explore the financial benefits of being Michael Jordan and break down his annual income sources.
Exploring the Financial Benefits of Being Michael Jordan
Michael Jordan has established himself as one of the most successful athletes of all time. He has earned millions through his salaries and endorsements throughout his career. His current endorsement deals include Nike, Gatorade, Hanes, and Upper Deck. He also owns a majority stake in the Charlotte Hornets NBA franchise.
In addition to his endorsement deals, Michael Jordan has earned substantial salaries during his playing career. During his 15 seasons in the NBA, he earned over $90 million in salary alone. He also earned an additional $30 million in bonuses, bringing his total take-home pay during his basketball career to more than $120 million.
How Much Does Michael Jordan Make Annually?
Despite having retired from the NBA in 2003, Michael Jordan continues to rake in big bucks each year. His current net worth is estimated to be around $1.6 billion and he earns a significant amount each year from his various endorsement deals and investments. Let’s take a closer look at the money behind Michael Jordan’s success.
Nike is easily Michael Jordan’s biggest source of income. The deal between the two dates back to 1984 and is believed to be worth upwards of $100 million annually. In addition to his Nike contract, Michael Jordan also earns around $60 million per year from his other endorsement deals. These deals include Gatorade, Hanes, Upper Deck, and 2K Sports.
Michael Jordan also earns a substantial amount of money each year from his investments. He owns a majority stake in the Charlotte Hornets NBA franchise, which is estimated to be worth around $500 million. He also holds stakes in several other businesses, including Equinox Fitness and DraftKings.
When you add up all of these sources of income, it’s estimated that Michael Jordan earns around $130 million per year. This figure includes his salary from the Charlotte Hornets, his endorsement deals, and his investments.
Conclusion
Michael Jordan is one of the most successful athletes of all time. He has earned millions of dollars through his salaries, endorsement deals, and investments. Each year, Michael Jordan earns around $130 million from these sources combined. It’s clear that the money behind Michael Jordan’s success is still going strong, even after his retirement from the NBA.
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