Michael Jordan Net Worth – Is His Divorce the Most Expensive in History? 

Michael Jordan is a former professional basketball player & businessman from the US. “By acclamation, Michael Jordan is the greatest basketball player of all time,” according to his biography on the official NBA website. He played in the NBA for 15 years, winning 6 NBA titles with the Chicago Bulls. Jordan is the major owner & chairman of the NBA’s Charlotte Hornets as well as the NASCAR Cup Series team 23XI Racing. In this article, we are going to read about Michael Jordan net worth, his early life, his personal life, and many more things. So keep reading.

Who is Michael Jordan?

Michael Jordan, born Michael Jeffrey Jordan but better known by his nickname, “Air Jordan,” was an American college and professional basketball player. There were six NBA titles won under his watch with the Chicago Bulls.

Full Name Michael Jeffrey Jordan
Date of Birth Feb 17, 1963
Birth Place Brooklyn
Height 6 ft 5 in (1.98 m)
Profession Basketball player, Athlete, Spokesperson, Entrepreneur, Actor
Net Worth $2.2 Billion

Early Life of Michael Jordan

Jordan was born in Brooklyn on February 17, 1963, to bank employee Deloris & equipment supervisor James R Jordan Sr. He moved to Wilmington, NC, in 1968. Jordan played basketball, baseball & football at Emsley A. Laney in Wilmington.

Michael Jordan Net Worth

He tried out for varsity basketball as a sophomore but was too short. Motivated to prove himself, Jordan became Laney’s JV standout and scored 40 points. He grew 4 inches and trained hard the next summer. Jordan averaged over 25 points per game in his final two high school seasons after making varsity.

As a senior, he scored 30 points in the 1981 McDonald’s All-American Game after averaging 27 points, 12 rebounds, and 6 assists per game. Duke, NC, SC, Syracuse, and VA recruited Jordan. He attended UNC Chapel Hill on a basketball scholarship and majored in cultural geography.

Michael Jordan’s Career

Michael, who was 6 feet tall, was recruited by Syracuse, UVA, Duke & UNC. He selected UNC. At UNC, he averaged 13.5 points per game and led the team to the 1982 NCAA Championship over Georgetown. Michael scored a game-winning shot over Patrick Ewing with 15 seconds left. The winning shot. Michael later said this game & shot boosted his confidence and basketball career.

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NBA Career

Michael played for 3 seasons at UNC, winning Naismith & Wooden College Player of the Year in 1984. Leaving UNC early for the 1984 draft. Michael returned to UNC in 1986 to complete his geography degree. He wasn’t chosen first. He was drafted after Sam Bowie and Hakeem Olajuwon. Chicago Bulls picked Michael third overall.

Michael joined the Bulls in 1984. The $7 million contract averaged $850,000 per season. Before Michael joined the Bulls, only six games sold out. Attendance doubled in Michael’s debut season. Michael and Chicago signed an 8-year, $25 million contract extension after his 5th season. It was the largest NBA deal ever.

Michael’s compensation rose to $5 million. Michael signed a $30 million 1 year contract in 1996. Next year, he signed a $33.14 million contract. Inflation-adjusted, it’s worth about $55 million now. Michael retired & returned twice. He played minor league baseball after retiring. He rejoined the NBA with the Washington Wiz.

How Rich is Michael Jordan?

Michael Jordan net worth is $2.2 billion, according to Celebrity net worth. Jordan is still arguably the most popular basketball player in the world. Michael Jordan is the player and person who all other up-and-comers are evaluated against.

Michael Jordan Net Worth

The press is constantly on the lookout for the “next Michael Jordan,” & each season, a new player is crowned with the title. Meanwhile, MJ enjoys his semi-retirement, numerous endorsement & development deals & his status as the greatest basketball player of all time.

Personal Life of Michael Jordan

Jordan married Juanita Vanoy in Las Vegas in 1989. Jeffrey, Marcus, and Jasmine were their children. The Jordans divorced on January 4, 2002, citing irreconcilable reasons, but later reconciled.

Michael Jordan Net Worth

They filed for divorce again and were given a final order on December 29, 2006, citing a “mutual and amicable” decision. Juanita’s $168 million divorce settlement was the biggest at the time.

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Jordan proposed to Cuban-American model Yvette Prieto on Christmas 2011, and they married on April 27, 2013. They announced their pregnancy on November 30, 2013. Prieto had twins, Victoria and Ysabel, on February 11, 2014.

Endorsements

Michael Jordan is a spokesman for Nike, Gatorade, Wheaties, McDonald’s, Coca-Cola, Chevrolet, Ball Park Franks, Rayovac, Hanes & MCI. Upper Deck, 2K Sports,& Five Star Fragrances are also Jordan’s partners. He owns seven restaurants & a car dealership.

Gatorade became one of MJ’s biggest early endorsements after Nike. Michael signed a 10-year, $18 million Gatorade endorsement deal in 1989. “Be Like Mike” ran following the Bulls’ first championship. The Michael/Gatorade alliance increased both brands’ prominence.

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Michael does not sign deals unless he expects to receive at least $10 million from the collaboration, according to a 2015 lawsuit against a supermarket chain. Michael turned down $80 million to endorse headphones because he doesn’t like them.

Settlement for Juanita Jordan’s Divorce

In September 1989, Michael married Juanita Vanoy. Together, they had 3 children. After 13 years of marriage, Michael filed for divorce from Juanita Jordan in 2002. In the end, he had to pay her a $168 million divorce settlement. It was one of the divorces that cost the most money in history.

Michael Jordan Net Worth

The settlement gave them money, stocks & the value of the different properties they owned. Since April 2013, Michael has been married to the Cuban-American model Yvette Prieto. In February 2014, she gave birth to twin girls who were exactly the same.

Frequently Asked Questions

How Long Has Michael Jordan Been a Billionaire?

Jordan became the NBA’s first billionaire player in 2016. President Barack Obama also awarded him the Presidential Medal of Freedom in 2016. Jordan’s net worth is expected to be $1.7 billion in 2022.

At What Age Jordan Retired?

It was a spectacular announcement. Jordan was only 30 years old and nearing the pinnacle of his career. He’d just won his third consecutive NBA title with the Bulls and was largely regarded as the best player in the world.

How Many Games Did Michael Jordan Miss during His Career?

In an interview, he stated, “I’ve missed over 9,000 shots in my career.” I’ve lost nearly 300 games. I’ve been trusted to take the game-winning shot 26 times and failed each time.

Conclusion 

Michael Jordan was an American basketball player. He played in the National Basketball Association for 15 years, winning 6 NBA titles. Jordan is the major owner & chairman of the NBA’s Charlotte Hornets as well as the NASCAR Cup Series team 23XI Racing. Michael Jordan net worth is $2.2 billion, according to Celebrity net worth. Jordan married Juanita Vanoy in Las Vegas in 1989. He owns seven restaurants & a car dealership.

As expected, the aforementioned section has an abundance of material for those who have posed numerous questions. The article contains all the necessary details. I sincerely hope you enjoyed this essay. Our website fedregsadvisor.com provides current articles & news stories. All information is available here. Please let us know if you cannot find what you need. Visit our website for the latest news in entertainment, gaming, & technology.

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