Michael Jordan has made most of his wealth through ventures off the court, particularly from his Air Jordan collaboration with Nike. His fortune has been further augmented by partnerships with brands such as McDonalds, Gatorade, and Hanes. At 60 years old, his net worth has reached an eye-watering $2.6 billion, marking a significant increase from last year’s valuation and his net worth in 2021. This places him in The Forbes 400 list of the wealthiest Americans, making him the first professional athlete to achieve this recognition.
His initial venture with the Air Jordan sneaker in 1985, estimated to sell around $3 million worth of merchandise, remarkably generated $70 million in sales. The widespread popularity of Air Jordan has extended beyond the NBA and the US, as evidenced by French soccer club PSG incorporating the iconic Jordan logo on their alternate kits. His diverse investments include involvement with gambling company Draftkings, co-ownership of NASCAR team 23XI racing in 2020, and ownership of the Charlotte Hornets, recently valued at $1.5 billion.
Given Michael Jordan’s extensive business interests and collaborations, it is uncertain whether another athlete will surpass his net worth.
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