While Jordan does not own a part of Nike, his influence through the Jordan Brand has been a driving force behind Nike's continued success in the global market.As a result, he became a stake owner in sports betting company DraftKings, he's the co-owner of the Cincoro tequila brand, he has three locations of the Michael Jordan's Steak House, and is a co-owner of his own NASCAR team. But the other major investment was buying and then selling the NBA Charlotte Hornets.Air Jordan is a line of basketball shoes produced by Nike, Inc. Related apparel and accessories are marketed under the Jordan Brand. The silhouette of Michael Jordan served as inspiration to create the "Jumpman" logo.
How much money does Michael Jordan have : 3.2 billion USD (2024)Michael Jordan / Net worth
Michael Jordan is one the highest paid basketball players ever with $3 billion. Inside the legendary basketball player's unrivaled marketing secret.
Who is the 3 richest NBA player
2023-2024 Player Salaries
| RK | NAME | SALARY |
|---|---|---|
| 1 | Stephen Curry, PG | $51,915,615 |
| 2 | Kevin Durant, PF | $47,649,433 |
| 3 | LeBron James, SF | $47,607,350 |
| 4 | Nikola Jokic, C | $47,607,350 |
Does Nike still pay Michael Jordan : Yes, Michael Jordan still owns his royalties of Air Jordan and is said to earn an estimated 5% on every Jordan sale Nike makes. As of today, Michael Jordan has earned over $1.4 billion from the Jordan brand till date. His yearly revenues are said to amount to over $60 million every year.
But it was off the court where Jordan put serious air between himself and every other athlete on the planet, earning an estimated $2.4 billion (pre-tax) over his career with brands such as McDonald's, Gatorade, Hanes and, of course, Nike, where his most recent yearly royalty check was for some $260 million.
The "Jumpman" logo is owned by Nike to promote the Air Jordan brand of basketball sneakers and other sportswear. It is a silhouette of former NBA player and current Charlotte Hornets minority owner Michael Jordan.
What team does MJ own
He became part-owner and head of basketball operations for the Charlotte Hornets (then named the Bobcats) in 2006 and bought a controlling interest in 2010, before selling his majority stake in 2023.Jordan's net worth is $1.7 billion, according to Forbes. Like Jordan, LeBron has maximized his off-court game to join the three-comma club. James has made roughly $415 million in player salary over 20 NBA seasons, but he has been the league's highest-paid player only once during that time.Mouhamed Gyueye
Mouhamed Gyueye is currently the lowest-paid NBA player in the NBA this term. The Senegalese player was the 39th pick in the 2023 draft. Drafted by the Charlotte Hornets, he saw his rights traded to the Boston Celtics, who dealt him to the Atlanta Hawks.
4 The co-founder of Nike, Phil Knight, and his son Travis Knight, along with the holding companies and trusts they control, own more than 97% of outstanding Class A shares. 5 This allows the Knight family to exercise effective control of Nike even though it is a publicly traded business.
Was MJ ever a billionaire : He's had three mega successes." Forbes noted that Jordan is one of three athletes ever to earn billionaire status. LeBron James and Tiger Woods are the other two.
What companies are owned by Jordan : While his partnership with Nike and former majority stake in the Hornets were some of his most lucrative investments, Jordan has a series of other ventures too—he is a co-owner of NASCAR team, 23XI, has a stake in sports betting company DraftKings, owns a tequila brand, and even owns several restaurants, among other …
Why are Jordans so expensive
As a sub-brand of Nike, Air Jordan enjoys extremely high brand value and popularity. Its products represent a symbol of trendy culture and sports fashion, so people are willing to pay higher prices for them. Many Air Jordan models are released in limited editions, which increases their rarity and collectible value.
Former NBA point guard Magic Johnson is now a billionaire, joining fellow NBA players Michael Jordan and LeBron James as well as golfer Tiger Woods as the only athletes to do so.Michael Jordan is a billionaire. Forbes reports his current net worth is $3.2 billion.
Who is the richest NBA player : Stephen Curry is currently the highest-paid NBA player.