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Michael Jordan Net Worth

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Michael Jordan's Net Worth as of 2024
$1 Billion

Michael Jeffrey Jordan was born on 17 February 1963, in Brooklyn, New York City USA. Today people know him as a basketball legend, a former NBA player, who in his playing days set a new sport record during 1996-1998 years, earning $30 million per year while playing for the Chicago Bulls. Nowadays Michael Jordan’s capital rises every year, mainly because of Jordan’s deals with such companies as Nike, McDonalds, Coca-Cola and Gatorade, as well as his ownership of a basketball team.

So just how rich is Michael Jordan? Sources estimate that Michael now has a net worth of over $1 billion, fuelled increasingly by his sponsorship deals. Jordan is now also an active businessman and owner of a professional basketball team, the Charlotte Hornets, so although the NBA legend has finished his basketball playing career, he still earns over $80 million every year.

Michael Jordan Net Worth $1 billion

Michael’s family moved to North Carolina when he was a kid, and he was educated at Emsley A. Laney High School, also playing football and baseball as well as basketball. After a growing spurt, Michael was selected for the basketball team, and subsequently for the McDonald’s All-American Team, averaging almost 30 points, 11.6 rebounds and 10 assists per game. Jordan then entered North Carolina University, and was so impressive on court that he was twice picked for the NCAA All-American First Team, but then decided to forego his final year and enter the 1984 NBA Draft – he was selected in the first round by the Chicago Bulls, for whom he played for the next 12 seasons. The rise of his net worth was assured.

All Jordan’s achievements are too numerous to mention, some indication of his performances. He was voted Rookie of the Year in ’84-85, in ’86-87 he became only the second player to score 3,000 points in a season, but the first to record 200 steals and 100 blocked shots. The Bulls improved steadily, and in ’91-’92 Jordan led them to the first of six NBA Championships, each time also being voted the MVP of the series, easily as record. The series of wins was interrupted by Jordan ‘retiring’ effectively for two seasons to play baseball, but he returned full-time in ’95-’96, and it was ‘business as usual’: three more Championships.At this point, Jordan was being paid around $30 million per season, and his net worth was sky-rocketing.

Jordan retired from playing again in ’99, becoming the controller of basketball at the Washington Wizards, but returned in 2001 to play two seasons for the Wizards, retiring finally at the age of 40. Meantime, he had been voted season MVP five times, played 14 NBA All-Star Games, was 10 times NBA scoring champion, also NBA defensive champion in ’88, and had scored more than 32,000 points in 1200 club games. He is also only one of two players to win Olympic gold medals as an amateur (1984) and professional – with the ‘Dream Team’ in 1992. Because of his athletic and technical ability but also his demeanour, he was admired and supported not only by his own club, but by players, coaches and fans throughout the NBA.

Michael Jordan earned a total amount estimated at $93.7 million during his career. His salary was highest in years 1996-1998, although since 1989 and until 1998 he never earned less than $2 million per year. With the Washington Wizards his annual salary amount was approximately $1 million.

In 2006, Jordan bought a share in the Charlotte Bobcats – now Hornets – NBA team, but although the business is going well, the playing results have been some of the worst in NBA history.

Aside from direct involvement in basketball, Michael Jordan continues to be involved in many sponsorship contracts. His main and most noted deal is with Nike – this settlement allowed him to create the famous Air Jordan shoes. They first appeared in stores in March 1985 and over a million pairs were sold in first two months. Until today 58% of all  basketball shoes bought are Air Jordans – this brand produces over $2.5 billion in sales for Nike every year.

The NBA legend is today also the owner of the Bears Club home in Florida, USA; Highland Park mansion, which is available for $21 million and is located in Highland Park Illinois, USA; Miami estate in Florida; Charlotte penthouse in Charlotte, North Carolina, USA; and a North Carolina home, which was purchased by him in 2013. .

Such a great basketball playing career also let Jordan buy a private jet, a Gulfstream IV with two Rolls Royce engines and passenger capacity for a maximum of 19 people. The numbers painted on jet – 23 and 6 – represent NBA championship numbers worn by the jet owner. This amazing machine was valued at $50 million and today lets Jordan access any of his properties rapidly from around the world.

Moreover, the celebrity owns four cars. The first one is a Range Rover with a huge LCD screen inside and powerful navigation system. The second car also perfectly represents the NBA star – a Cadillac XLR with a 320 horsepower V8 engine and the amazing fittings of the car include leather seats and touch screen displays. The third Jordan car is a 2007 Mercedez-Benz SLR McLaren with light carbon body and a 670 horsepower engine. The fourth of Jordan’s vehicles is a motorcycle – Ducatti 999. This one was designed by Ducatti Motorcycles and is mainly oriented to races and extreme riding.

In his less-than-private personal life, Michael Jordan’s divorce has become one of the most expensive celebrity divorces in history. After 17 years of marriage with his now former wife Juanita Jordan, they finally divorced in 2006, with Jordan paying her $168 million as a divorce settlement. They have two sons and a daughter. Michael subsequently married model Yvette Prieto in 2013.

As the Managing Editor at Net Worth Post, I lead a talented team in delivering compelling content on the lives and achievements of influential figures. With a keen eye for detail and a passion for storytelling, I oversee the production of insightful biographies that resonate with our audience. My role involves not only managing the editorial process but also conducting research, crafting engaging narratives, and ensuring the accuracy and quality of our publications. At NetWorthPost, we strive to provide our readers with in-depth profiles that offer valuable insights into the worlds of business, entertainment, and beyond. Through meticulous research and captivating storytelling, we bring to light the remarkable journeys and successes of individuals who inspire and captivate us.

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Athletes

Roger Federer Net Worth

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Roger Federer was born on 8 August 1981, in Basel, Switzerland to Robert and Lynette Federer, the latter’s South African descent entitling Federer to hold both Swiss and South African citizenship. Roger is perceived by many to be the greatest tennis player of all time, and this title could well be deserved both in successes on the court and maintenance at the highest level, plus his sporting personality rarely equalled in professional sportspeople.

So just how rich is Roger Federer? This outstanding professional tennis player is estimated to have a current net worth of $420 million, increasing momentarily as he continues to play most weeks of the year, and annual prize money plus endorsements can approach $100 million.

Roger Federer Net Worth $420 Million

Roger Federer first became interested in tennis when he was still a child. Starting school at six years of age, he quickly became the best tennis player in his age group. Eight years later he became the national age group champion, and was sent to train at the Swiss National Tennis Centre in Ecublens.In 1998 he won the ITF junior singles tournament and became the ITF Champion of the Year. After that his career skyrocketed. As of mid-2015, the Swiss-born athlete holds the record for ranking in the ATP No. 1 position for 237 consecutive weeks (from 2004 to 2008), and in total 302 weeks. The tennis icon has appeared in 25 Grand Slam finals and won seventeen of them. He has broken numerous records playing in these tournaments, including the record for 10 consecutive finals, and has acheived a Grand Slam of titles, plus jointly holding the record of seven Wibledon titles (with Pete Sampras) and five US titles (with Sampras and Jimmy Connors). During his long career, Federer has won over 80 tournaments in total, and it has been reported that he has won more prize money than any other player, although this is difficult to establish as values constantly change in comparison with previous champions.

Roger Federer also earns a great deal of money from his endorsement contracts. He has signed long-term deals with Nike, Rolex, Wilson and Credit Suisse, and recently he decided to collaborate with champagne brand Moet & Chandon. In addition to being one of the best-paid athletes out there, his endorsement contracts are just as impressive, as he receives $40 million every year just from his sponsors! According to Forbes, he holds # 8 place in a list of 100 top-earning celebrities as of 2013. But despite his huge financial success and celebrity status, Roger Federer does not hold back when it comes to helping those in need. In 2003 together with his mother he established the Roger Federer Foundationin order to help disadvantaged people and promote a healthy lifestyle. He was also one of the most active celebrities to participate in organizing charities raising money for the victims of the Indian Ocean earthquake in 2004 and Haiti earthquake in 2010.

He is fluent in Swiss-German, German, French and English languages. Like all men in Switzerland, Federer was supposed to serve in the Swiss army, but in 2003 he was released from this duty because of continuous back pain. Roger Federer, who is often called Maestro, is married to the former professional tennis player Miroslava Vavrinec. They met at the 2000 Sydney Olympics where she was competing as well. Due to a foot injury she retired from professional sports and now manages her husband’s public relations. In 2009 the couple married in Basel , and has two sets of twins – twin boys and twin girls.

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Athletes

Tiger Woods Net Worth

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Eldrick Tont “Tiger” Woods was born on 30 December 1975 in Cypress, California USA, of part-Chinese, and African- and Native- American (father) and Thai (mother) descent. He is one of the the world’s highest earning sportsmen, a  professional golfer who was ranked number one in the world for a total of 545 weeks between in 1997 and 2010, and then for another 60 weeks in 2013-14, the most of any golfer, and during which period he won 119 tournaments on the PGA and European tours.

So just how rich is Tiger Woods? Regardless of the fact that Woods’ divorce from ex-wife Elin Nordegren (former Swedish model), cost him $100 million dollars – including $54.5 million in mortgage payment finalised in January 2016 – authoritative sources estimate that Tiger’s net worth is now still over $770 million, accumulated from golf prize money of around $160 million, and the rest from endorsements during a 20 year career, totalling overall more than $1.3 billion.

Tiger Woods Net Worth $770 Million

Encouraged by his father Earl, Tiger became a child golfing prodigy, already at the age of 3 putting against comedian Bob Hope.  He was called on TV shows and published in Golf Digest magazine. He won age group events around the world from the age of eight, and being a 15 year-old teenager he became the youngest US Junior Amateur champion. He was educated at Western High School, Anaheim, but golf was his priority, and at 20 (1996), he became  the first in golf history to win three consecutive US Amateur titles, while (apparently) studying at Stanford University.

Tiger then turned professional, and immediately signed multi-million dollar contracts with famous companies such as Nike and Titleist. Next year Woods won his first ‘major’, the US Masters, and achieved number one world ranking, the youngest and the fastest to get to that position. The list of his winnings is endless and achievements too many to mention, but apart from aforementioned 79 victories in the USA and Europe – only Sam Snead has won more(82) – he has won two Japan Golf Tour events, an Asian Tour event, one PGA Tour of Australasia event, as well as 21 titles as an amateur. Of particular significance is that Tiger has won 14 ‘major’ titles, second only behind Jack Nicklaus(18), which has included the ‘grand slam’ of golf three times. In addition, he had been awarded PGA Player of the year 11 times and the Byron Nelson award eight times. There can be no doubt that Tiger Woods has earned his net worth.

Woods is considered the most successful player of all times, partly because of his winning record, but also because he is the first and the only golfer to have earned more than a billion dollars. This fortune was made not only by playing golf, but also by signing very lucrative contracts with companies such as Rolex, General Motors, American Express, and Gatorade apart from Titleist and Nike, and becoming an ambassador for Gillette. Moreover, the  businesses of Tiger Woods Foundation which promotes golf, and Tiger Woods Design which is involved with golf courses development, are also very profitable. The athlete is a published writer with “How I Play Golf” as well, which has brought him steady income from 1.5 million copies sold. He has also written a column for the magazine “Golf Digest’ – presumably both added to his net worth.

Following his very public divorce from Elin Nordegren who he married in 2004 – they divorced in 2010 and have two children – also involving details of infidelity over the years,  Tiger Woods dated Olympic Games skiing gold medallist Lindsey Vonn for a couple of years, but apparently no more. He was raised a Buddhist, and professes to still follow the teachings.

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