Michael Jordan Net Worth: How Did He Became So Rich?

The following statement concerns the anticipated Michael Jordan Net Worth. More information about Michael Jordan’s money woes may be found here. Michael Jordan due to his recent commercial success, Michael Jordan Net Worth is the subject of much speculation. Michael Jordan’s financial situation is discussed further here.

Michael Jordan Early Life

Michael Jeffrey Jordan entered the world on February 17, 1963, in Brooklyn, New York. His father, James R. Jordan Sr., was a supervisor of machinery, while his mother, Deloris, worked in finance. The family relocated to Wilmington, North Carolina when Michael was a young child.

Michael attended Emsley A. Laney High School in Wilmington and participated in basketball, baseball, and football. As a famously short sophomore, he tried out for the varsity basketball team but was turned down since he was “only” 5 feet 11 inches tall.

As a result of his anger at being overlooked, MJ pushed himself to his limits in order to make the varsity junior varsity squad. He put on four inches in height over the summer between his sophomore and junior years and was finally able to make the varsity team.

During his junior and senior years on the varsity team, Michael was a scoring machine, averaging 25 points per contest. He was selected to play in the 1981 McDonald’s All-American Game as a senior and ended up scoring 30 points for his team.

Michael Jordan Career

Michael, who was now 6 feet 6 inches tall, was recruited by a wide variety of universities. After much deliberation, he decided to enrol at UNC.

He led the Tar Heels to the 1982 NCAA Championship game against the Georgetown Hoyas, averaging 13.5 points per game and was voted ACC Freshman of the Year. Michael made the game-winning basket over Georgetown Center Patrick Ewing with 15 seconds remaining.

What we just witnessed would end up being the game-winning shot. Michael would later say that the confidence he gained from this game and that shot would serve him well throughout the rest of his basketball career.

Career Opportunities In The NBA

During his three years with the Tar Heels, Michael was a unanimous All-American and a two-time winner of the Naismith and Wooden College Player of the Year honours. To prepare for the 1984 draught, he dropped out of UNC for a year. It is remarkable that Michael went back to UNC in 1986 to continue his undergraduate degree, and he earned a Bachelor of Arts in geography.

To my amazement, he wasn’t the first choice. He was selected third overall, after Hakeem Olajuwon (#2) and Sam Bowie (#2). The Chicago Bulls used the third overall pick on Michael.

On September 12, 1984, Michael signed a rookie deal with the Chicago Bulls. The total value of the contract was $6 million over seven years or around $850,000 per season. Six fewer games were sold out in the year before Michael joined the Bulls. Attendance doubled in Michael’s first season as a starter.

A new eight-year, $25 million contract was reached between Michael and Chicago at the end of his fifth season. Up to that moment, it was the largest trade in NBA history. This resulted in Michael’s annual compensation being increased to roughly $5 million.

Michael signed a one-year, $30 million contract when his previous deal expired in 1996. After that, the next year he inked a one-year, $33.14 million contract. When adjusted for inflation, the latter is equivalent to almost $55 million today.

Michael has had two breaks from the NBA before making a comeback. When he was younger, he retired to play baseball in the minors. After taking some time away from the NBA, he came back and spent two seasons with the Washington Wizards.

Michael, as we’ve reported before, finished his NBA career with a total of $93.7 million in earnings. He made $161 million in pay, after adjusting for inflation throughout the years.

If you click on the link, you’ll find more information about the net worth of other prominent people, such as Venus Williams, Neyo, Tiafoe, Sauce Walka.

Michael Jordan Personal Life

Michael Jordan Personal Life

In September of 1989, Michael wed Juanita Vanoy. They raised a brood of three kids together. After 13 years of marriage, Michael was required to pay Juanita Jordan $168 million in a divorce settlement when she filed for divorce in 2002.

One could argue that this was the most costly divorce ever. The worth of their assets, including cash, stocks, and real estate, were all factored into the settlement.

Since April of 2013, Michael has been married to the Cuban-American model Yvette Prieto. In February 2014, she gave birth to a pair of healthy, beautiful girls.

Michael Jordan Net Worth

Net Worth: $2.2 Billion
Date of Birth: Feb 17, 1963 (59 years old)
Gender: Male
Height: 6 ft 5 in (1.98 m)
Profession: Basketball player, Athlete, Spokesperson, Entrepreneur, Actor
Nationality: United States of America

 Michael Jordan net worth is $2.2 billion fortune. Michael made $93.7 million over the course of his NBA career. To his credit, he broke the record for highest annual income by an athlete when he made almost $30 million.

To do so, he received $30.14 million in basic salary during the 1996–1997 season. After accounting for inflation, the $33.14 million he made the next season is equivalent to $53.4 million today.

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