Michael Jordan Net Worth in Rands 2024

Ask any sports lover about his favorite players, and they all have Michael Jordan’s name on their favorite player’s list. In sports, few names get loads of admiration from fans and fellow players; Michael Jordan is one of those legends. Today, we will dig deeper into Michael Jordan’s net worth to celebrate his career and financial success.

In this article, we will explore the captivating journey of Michael Jordan’s net worth in depth. So, if you are his fan or curious about Michael Jordan’s net worth, read on.

Michael Jordan and His Net Worth

Complete Name: Michael Jeffrey Jordan
Profession: Businessman/ Former Basketball Player
Salary per Month: R 462727500.00
Estimated Net Worth: R 55512150000.00
Other Income Sources: Business and Partnership deals with brands

We don’t get to see professional athletes setting up a business, and this is what makes Michael Jordan unique. He is one of the greatest basketball players of all time, but do you know that he has had unparalleled success in business, too? Currently, his monthly earnings are R 462727500.00.

The reason behind the financial success of this NBA legend is his strategic business partnerships and investments. Michael has enjoyed three major successes in his life. From basketball salary to entrepreneurship, Michael has always been in the limelight for achieving milestones.

He is among the richest players who made it to the Forbes list and is also one of three athletes who have billionaire financial status. Besides his earnings from basketball, he used to receive a significant amount from brand endorsements. The brands he has worked for include McDonald’s, Gatorade, Hanes, and Nike.

Micheal Jordan, As a Businessman

Everyone knows Michael Jordan as a successful basketball player, and now he is known as a successful businessman. During his basketball era, he was one of the most marketable men and was the face of the popular sportswear brand Nike. After entering the business world, he extended his Jordan Brand and made it an elite division of Nike.

Through his marketing and creative designing, he brings over R 8 billion in Nike’s annual sales. Nike is just a grain of his business venture. Read ahead to know where he has invested to date that made him a billionaire.

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Other Investments

Previously, he owned the majority of the stakes in Hornets, which was one of the smartest investments. According to the recent reports, he does not own stakes in Hornets now.

He is co-owner of the NASCAR team, a stakeholder of a popular sports betting company DraftKings, runs a tequila brand and runs several restaurants that bring him huge amounts of money. We will discuss all his businesses one by one, so keep on reading.

DraftKings

If you are into sports, you must have heard of DraftKings. It is a sports betting company, and surprisingly, Jordan has stakes in the company. His incredible sports skills paved the way for him to become a special advisor of this sports betting company.

The fun fact is he did not buy the stakes in this company. He got them when he joined DraftKings as a special advisor. His stakes and positions in this company are a major part of his earnings.

Cincoro Tequila

This might be news for some of you. Jordan is a co-owner of a tequila brand, Cincoro Tequila. Michael Jordan and four other NBA owners are business partners of this luxury tequila brand.

Moreover, their brand has won 23 awards that depict the brand’s unique and flavorsome tequila range. From regular bottles to limited editions, all kinds of tequila are available here and at varying price ranges, but it’s surely an expensive brand.

NASCAR

Jordan has a very interesting personality, which can be seen in his taste in business and investment. He first showed his interest in motorsports in 2004 and finally became a co-owner of the NASCAR team, an auto racing company, in 2020.

Embrace yourself because the market value of his team might shock you. So, according to the official report from FirstSportz, his team’s value is around R 276299250.00.

Grove XXIII

Michael is one of the investors of the golf course Grove XXIII. He invests a significant amount in this golf course in Florida.

Michael Jordan’s Steak House

Michael Jordan’s Steakhouse is part of his multiple businesses. He owns this restaurant and has it in multiple locations in America, including Washington, Connecticut, and Illinois.

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Brand Endorsements

You can imagine how long the list of brand endorsements of a famous player like Michael Jordan will be. Due to his popularity, he is always been the favorite of many brands. He has been associated with the following brands.

Gatorade
Upper Deck
Hanes
Nike
Coca Cola
Chevrolet
Mc Donald’s
Ball Park Franks
Rayovac
Wheaties and
MCI

Michael Jordan’s Assets

Being on Forbes’ list of the richest men in the world, you can imagine how wild his assets would be. Just like all other famous personalities, he lives a lavish life, and it can be seen in his lifestyle. From what he wears to what he rides, everything speaks to royalty.

Cars

Michael Jordan has a rich taste in cars, and his car collection is undoubtedly impressive. Here is a list of the ten most amazing cars Michael Jordan owns.

Venom F5 Roadster
Bugatti Veyron Sang Noir
Ferrari 550 Maranello
Porsche 911 Turbo S 993
Porsche 911 930 Turbo Cabriolet ‘Flat Nose
Mercedes-McLaren SLR 722 Edition
Chevrolet Corvette C4 ZR1
Ferrari 512 TR
Aston Martin DB9 Volante
Cadillac XLR-V

All these cars are part of Michael Jordan’s garage. His car collection is worth R 100 million collectively. From his billions of net worth, his cars are worth 100 million rands.

Houses

The six-time NBA champion has accepted this in an interview, saying that he owns many houses in different countries. Surprisingly, many of his houses are unknown to the public. It won’t be wrong to say he has many hidden assets that have not been discovered by the media and news yet.

So, according to the reports, Michael Jordan owns five houses. Yet again, we are talking about those houses that he has publically announced or shared on media. The five important mansions of Michael Jordan are at the following locations:

Chicago
Florida
Utah
North Carolina

He owns two beautiful luxury mansions in North Carolina. He only owns one house at all other locations. According to the news and reports, Jordan lives in Florida in his lavish mansion with his family.

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Who are the richest NBA players?

LeBron James is the richest NBA. Player shares the list with the greatest basket player, Michael Jordan, among the top 5 richest players of the NBA.

Who are the three billionaire athletes?

Michael Jordan, an NBA legend, is one of the billionaire athletes.

What does Jordan own?

Michael Jordan was a former basketball player. Now, he is a businessman. He co-owns multiple companies like Charlotte Hornets, NASCAR, Cincoro Tequila, etc.

What does Michael Jordan do today?

After he retired from basketball in 2003, Michael stepped into the business world. He is now a businessman who runs multiple businesses and is a co-owner of several companies.

How much does Michael Jordan earn from Nike?

Michael Jordan has been associated with Nike for a long time now, and he has become the face of Nike’s elite shoe range, Jordans. He earns about 5% of all the Jordan sales.

It won’t be wrong to say Michael Jordan is the greatest basketball player of all time who is now ruling the business world. After conquering the basketball world with his amazing performance and incredible basketball skills, he started investing his money to make more wealth. Currently, he is one of the most successful businessmen in America.

With an attractive personality, cheeky smile, and business brain, Michael Jordan is now a billionaire. With R 55512150000.00 net worth, Michael Jordan shines the brightest among his fellow sportspersons and people in business because he has ruled both the sports and business world. It’s his luck or intelligence that has got him where he is now; Michael Jordan is one of those few people who have never faced a downfall in their life.