NBA legend Michael Jordan has continued to make history two decades after he retired from basketball.
The six-time NBA champion, 60, now boasts a staggering net worth of over $3billion.
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Michael Jordan’s net worth has passed the $3billion barrier, per ForbesCredit: Getty
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The former Chicago Bulls star sold his share in the Charlotte Hornets earlier this summerCredit: Getty
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MJ is now in the Forbes 400, the first sportsperson to ever be includedCredit: AFP
Jordan is the richest sportsman on the planet, with just golfer Tiger Woods and fellow NBA star LeBron James joining him in the billionaire club.
The Chicago legend has now clambered into the elite Forbes 400 list, which is reserved for the richest 400 people in America.
Jordan completed the sale of NBA franchise the Charlotte Hornets in August.
He sold his majority stake in the organization for almost $3billion, nearly 17 times more than its $275million valuation when Jordan took over as principal owner in 2010.
Since leaving the NBA for good in 2003, Jordan has built upon the global brand he established as a player.
His infamous deal with Nike sportswear laid the foundations for MJ to build a stunning business empire.
Nike released the first pair of the fabled Air Jordan sneaker line in 1984.
Jordan collects 5 percent of all revenue on the sneakers, which added up to $256million in 2022, per Yahoo.
He also owns a tequila label, a stake in the Miami Marlins, his own NASCAR team, and a partnership with video game studio Epic Games.
Jordan’s immense wealth helps to fund a love of fast cars and huge houses.
Per Forbes, the basketball star earned around $2.4billion during his playing career alone thanks to lucrative sponsorship deals with brands including McDonald’s and Gatorade.
His entry onto the Forbes 400 list is the first time a professional athlete has appeared in the exclusive club.
The owner of the Washington Wizards Ted Leonsis told Forbes: “A lot of entrepreneurs, they make it once.
“They have a big win, take their winnings, retire and [we] never hear from them again.
“Or they try something a second time and it doesn’t work. [Jordan] had three mega successes [with his career, sponsorships, and selling the Hornets].”
Jordan retained a small stake in the Hornets after selling to Gabe Plotkin and Rabe Schnall earlier this summer.
Leonsis believes MJ will now throw his financial weight behind his NASCAR team 3XI Racing, founded in 2020.
The Wizards owner continued: “I bet you it’s going to end up being a great business for him too.
“It’s his competitiveness and desire to win.”
