Michael Jordan wrote his name in gold letters in the history of American basketball and world sports, and it has become a legend that is difficult to repeat his sporting achievements or keep up with his economic successes.
And the recent launch of a network of "Netflix" documentary series on the player's last days before his retirement in 1998, talked about a march that started with my advertisement contract with 250 thousand dollars and reached a fortune of about 1.9 billion dollars.
Jordan is considered the most income athlete of all time, and its name has become one of the most successful marketing deals in history, which led him to the list of the 500 richest people in the United States and the richest 1500 people in the world.
Jordan made the exception by building his fortune away from basketball, having earned just $ 94 million in 16 years in the NBA, and made nearly half of that in his last two years with the Chicago Bulls (1996-1998).
According to a report published by the Spanish newspaper "Marca", Jordan did not enter the billionaire club until 2014, and his fortune today is about $ 1.9 billion, according to "Forbes" magazine.
The player has doubled his wealth over the years thanks to the diversification of his investments in various fields and the expansion of his work in a thoughtful way, thanks to the guidance of a team of advisors.
Historical partnership
"Nike" is the most prominent password in Jordan's wealth. The partnership that started in 1984 resulted in one of the most prominent sports finance deals in history.
Jordan and Nike's relationship began with a $ 250,000 contract, and later evolved to create a special product line that marketed many of the products bearing the iconic image of the player jumping into the basket.
The former CEO of the company, Phil Knight, said that contracting with Jordan was the best decision he ever made. How not and the numbers indicate that anyone who invested a thousand dollars in the shares of the company at the beginning of its cooperation with Jordan, will reach his fortune today to 84 million dollars.
Jordan expanded its investments and established companies or acquired shares in institutions working in various fields, such as organizing sporting events, food and clothing industries, and strongly entered the technology world and owned investments in e-commerce and in various companies for developers and designers in Silicon Valley.
One of Michael Jordan's most prominent financial resources was his eagerness to market his image legally. He earned millions of dollars in lawsuits against companies that used his image illegally, and on one occasion he donated $ 23 million in compensation to a number of charities.
Jordan is enjoying his wealth through a group of precious holdings, including a 5000 square meter mansion in Chicago, which has a value of $ 29 million, a luxury yacht with a length of 47 meters and an estimated value of $ 80 million, in addition to a private plane and a private golf field that he is currently keen to play.
After his retirement, the former player became one of the most famous consumers of luxury cigars, and his image occupied the facade of the most prominent magazine specializing in this field.