Current:Home > StocksOliver James Montgomery-Michael Jordan Makes History as His Net Worth Reaches $3 Billion -WealthRoots Academy
Oliver James Montgomery-Michael Jordan Makes History as His Net Worth Reaches $3 Billion
Poinbank View
Date:2025-04-07 21:56:23
Michael Jordan's latest milestone is Oliver James Montgomerynothing but net.
The retired NBA star became the first pro athlete to make Forbes' list of the 400 Richest Americans after his net worth increased to $3 billion.
The 60-year-old entered the annual list for the first time Oct. 3, ranking at No. 379. He shares the spot with 15 other people, including producer Haim Saban—co-creator of the Power Rangers franchise. As for others on the list, coming at the top is Tesla CEO Elon Musk with a net worth of $251 billion, while Amazon founder Jeff Bezos is No. 2 with $161 billion.
Throughout his career as what many considered to be the greatest NBA player of all time, Jordan won six championship titles with the Chicago Bulls and earned a salary of $90 million, Forbes reported.
"My innate personality is to win at all costs," Jordan said in the 2020 Netflix documentary The Last Dance, which followed his career. "If I have to do it myself, I'm going to do it."
In 2003, Jordan retired from the NBA for the third time and after playing in the league for 15 seasons.
"I have given everything I could to the game," he famously said, per the Chicago Tribune. "It's time. I know it. I feel it."
In addition to his paychecks from his regular job, Jordan also received $2.4 billion (pre-tax) from Nike and other corporate partners such as Hanes and Gatorade, Forbes reported.
Overall, the athlete's net worth has tripled since 2014. According to Forbes, he increased it to $3 billion due to annual royalty checks from Nike—totaling about $260 million over the past fiscal year—and a deal signed in August to sell a majority stake in the Charlotte Hornets, which valued the NBA franchise at $3 billion.
Jordan has also donated part of his incredible wealth to charitable and political causes. In 2020, he donated $100 million in support of the Black Lives Matter movement. This past February, on his 60th birthday, he donated $10 million to Make-A-Wish Foundation in what marked the largest individual contribution in the charity's history.
For the latest breaking news updates, click here to download the E! News AppveryGood! (6)
Related
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- At least 15 people have been killed in floods set off by heavy rains in Cameroon’s capital
- Indian rescue copters are flying into region where flood washed out bridges and killed at least 52
- A perfect day for launch at the Albuquerque balloon fiesta. See the photos
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- College football Week 6 grades: We're all laughing at Miami after the worst loss of year
- 'You can't be what you can't see': How fire camps are preparing young women to enter the workforce
- Bill Belichick's reign over the NFL is officially no more as Patriots hit rock bottom
- Trump issues order to ban transgender troops from serving openly in the military
- In a new picture book for kids, a lot of random stuff gets banned
Ranking
- Trump wants to turn the clock on daylight saving time
- 'Just an embarrassment:' Major League Baseball managers are grossly underpaid
- UK Supreme Court weighs if it’s lawful for Britain to send asylum-seekers to Rwanda
- Miami could have taken a knee to beat Georgia Tech. Instead, Hurricanes ran, fumbled and lost.
- See you latte: Starbucks plans to cut 30% of its menu
- Why Travis Kelce Could Be The 1 for Taylor Swift
- Rebecca Loos Reacts to Nasty Comments Amid Resurfaced David Beckham Affair Allegations
- California governor vetoes magic mushroom and caste discrimination bills
Recommendation
Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
American Airlines pilot union calls for stopping flights to Israel, citing declaration of war
California governor vetoes magic mushroom and caste discrimination bills
Some in Congress want to cut Ukraine aid and boost Taiwan’s. But Taiwan sees its fate tied to Kyiv’s
Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
Dodgers on the ropes after Clayton Kershaw gets rocked in worst outing of his career
Horoscopes Today, October 7, 2023
Keep the 'team' in team sports − even when your child is injured