Michael Jordan was the first athlete-billionaire — here’s how he makes and spends his millions

Michael Jordan was the first athlete-billionaire — here's how he makes and spends his millions
Michael Jordan was the first athlete-billionaire — here’s how he makes and spends his millions

Michael Jordan is considered the greatest NBA player of all time.
He is also the richest former professional athlete in the world with a net worth of $1.7 billion.
Since retiring from the NBA in 2003, he has had a lucrative career as a business and team owner, using his fortune for charitable causes.
He has secret golf he has interests in courses, expanses of land, NBA teams, restaurants and even his DraftKings.
According to Forbes, Michael Jordan earned less than $100 million from his NBA contract as the greatest player in league history, but his estimated net worth puts him at $1.7 billion to become a billionaire. I didn’t stop.
Michael Jordan celebrates his 30th anniversary of Air Jordan at his Tokyo Palais in Paris
Air Jordan Michael Jordan at his 30th anniversary press conference. Kathryn Steenqueste/Getty Images
Source: Forbes

Jordan loves golf, and for 2021 the name of his golf course has surfaced with his exclusive Globe XXIII. Dubbed the “Slaughterhouse 23,” it was designed by Jordan for Jordan and named with the intention of maximizing Jordan’s style of play against opponents.
Michael Jordan loves money and built his own golf course in 2019.
Michael Jordan loves gold and built his own golf course in 2019. Isaac Brecken/Getty Images
Source: Insider

The Florida field offers luxury amenities, including a drone delivery service that delivers beer and other beverages to exclusive club he members.
Drone is flying in the sky. Richard Newsted/Getty Images
Source: Insider

In March 2021, Jordan made his $305 million investment in Dapper Labs, the startup behind his shot at Top, the NBA’s virtual trading platform for his cards. Other investors included Will Smith, Kevin Durant and 2 Chainz.
NBA Top Shot Press_Collectibles_ Logo
He was valued at $2.6 billion at Dapper Labs after the round, according to sources close to the company.
Dapper Labs CEO Roham Garegoslow said his blockchain-based NFT company is reportedly laying off 22% of his staff as the broader cryptocurrency market collapses. Since then, it has been in difficult times.

Source: Insider

Jordan also donated his $2 million of proceeds from his 2020 documentary series The Last Dance to Feeding America his food banks in Chicago and Carolina. “In these difficult times and the year of unimaginable hardship due to COVID-19, it is more important than ever to stop and give thanks,” he said in a statement.
michael jordan last dance
Michael Jordan made a donation to help the community during the COVID-19 pandemic. ESPN Films/Netflix/Mandalay Sports Media/NBA Entertainment
Source: NBC News, Variety.

MJ reportedly made his $4 million from the series, all of which he donated to charity.
Michael Jordan
Michael Jordan. ESPN
Source: Nathan Bo.

In 2020, Jordan Brand, owned by Jordan and Nike, pledged to donate $100 million over 10 years to organizations fighting for “racial quality, social justice and better access to education.” Did. The June announcement came amid nationwide Black Lives Matter protests over the murder of George Floyd.
Michael Jordan Marcio Jose Sanchez: AP Images
Michael Jordan actively donates to organizations that fight for racial quality. Marcio Jose Sanchez/AP Images
Source: Insider

In September 2020, DraftKings announced that Jordan had acquired a stake in a sports betting company and became a special advisor. The company’s stock jumped 12% immediately after the announcement.

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