The story of how Michael Jordan turned $93M in salary into $2.3 billion

Michael Jordan is the richest athlete in sports history.

But did you know that only ~4% of his wealth came from his NBA salary?

This is the story of how MJ turned $93M in salary into $2.3 billion, cementing his status as a legend on & off the court.

Time for a blog-

1) Michael Jordan is widely considered the best basketball player of all time. His resume includes: - 6 NBA Championships - 6 NBA Finals MVPs - 10x All-NBA 1st Team - 14x All-Star Selection But should we even be calling him the best athlete investor ever?

2) Michael Jordan made $93M in NBA salary throughout his career. That's good, right? It's great until you release that his own "underpaid" teammate Scottie Pippen made $17M over him - despite playing 2 less years. How about off the court? Now that's a special story…

3) just like his on-court play, Michael Jordan has also dominated off the court. MJ has earned an estimated $1.7 billion in endorsements since he entered the league. Endorsements include: - Gatorade - McDonald's - Coca Cola - Hanes And most significantly, Nike.

4) When it involves Nike, Michael Jordan is king. because of a 5% royalty on all Jordan Brand shoes & merchandise, MJ has remodelled $1.3 billion off Nike since 1984. the best part? The cash keeps coming. With $3 billion in sales last year, Jordan took home $130M in royalties.

5) When it involves investments, the Charlotte Hornets may well be Michael Jordan's best. In 2010, Jordan paid $180M to have 97% of the team. After a decade of losing, Jordan sold 20% of the team in 2019 - which valued the franchise at $1.5 billion.

6) Outside of the Hornets, Michael Jordan has worked hard to diversify his investment portfolio. In 2015, Michael Jordan and Mark Cuban participated in an exceedingly $44M funding round for sports data company Sportradar - which is currently valued at $2.5 billion.

7) Michael Jordan's other investments include: - Muzik (Headphones) - Gigster (Tech) - aXiomatic (eSports) - Cincoro (Tequila) - A Car Dealership - Cornerstone Restaurant Group As if that wasn't enough, he also features a minority stake within the Miami Marlins.

8) Michael Jordan undoubtedly had fame and cash to invest with, but all too often we hear of athletes with similar potential waste it away. MJ is an implausible example of how an incredible athlete can continue his domination once leaving the sport.

9) Through diligence and dedication, Michael Jordan became the best basketball player ever. Since retirement, he has proven to be even as good at business as basketball. Ultimately, Michael Jordan will go down as one of the best athlete investors of all time.

Sources: https://forbes.com/sites/kurtbadenhausen/2020/04/17/the-inside-story-of-how-michael-jordan-became-the-worlds-richest-athlete/#56fa60955276… https://popsugar.com/fitness/michael-jordan-salary-year-by-year-47449450… https://insider.com/michael-jordan-nike-billions-wanted-adidas-deal-2020-5