NBA Legend Michael Jordan’s Lavish Spending and Money-Making Techniques Will Leave You Speechless
Michael Jordan is the undisputed king of sports in the modern era. But not only is he the best, he’s also the richest.
The 56-year-old basketball superstar turned businessman recently clocked in an estimated net worth of $1.7 billion.
Let’s retrace his past beginning from his Chicago Bulls days up to now and see how he built and spends his jaw-dropping fortune.
How a Basketball Player Became a Billionaire
While he definitely earned big playing professional basketball, Jordan made the bulk of his billions from selling his own sports merch and buying his own team.
His venture into the profitable world of sportswear started when he signed a deal with Nike to produce the now iconic shoe line Air Jordan. Together, Jordan and Nike have cornered about 90% of America’s entire shoe market.
Proving his love for the sport that made him famous, the former athlete bought major stakes for another NBA team, the Charlotte Hornets.
This decision would prove to be a wise one in the end as the rising value of NBA franchises led to a $420 million increase in his fortune. His stake in the team, of which he owns 90% of, is now estimated to be at around $1.1 billion.
Jordan’s Car Collection
When you’ve built an almost $2 billion fortune, you earn the right to spoil yourself and spend it.
Like the other rich and famous, Jordan likes to collect luxury cars. In fact, he’s been known to change the cars in his main collection quite often.
There aren’t exact numbers on the total number of cars the former athlete has owned but his 15-car garage is a good indicator of how many he has right now.
Some of the vehicles Jordan has owned over the years include the likes of the Aston Martin DB7 Volante. The high-performance car was quite special as its exterior color was designed by the manufacturer just for him.
He also drives a Mercedes Benz CL 65 another powerful car like the Aston Martin. Plenty of gearheads have observed that Jordan prefers to buy faster cars as opposed to going for the most expensive ones.
Other cars he owned include the Porsche 911, 930, 964 and 993 editions as well as a couple of Ferraris. And not to be outdone by other billionaires, Jordan currently also has his own private jet.
Living in Luxury
It’s safe to say that Jordan has learned how to both grow and enjoy his wealth.
Further proof is his Florida mansion which he spent $12.8 million on. The 13,000-square-foot home was considered to be Jordan’s “dream home” until it was auctioned off in 2014.
After which he upgraded to a more lavish mansion in Chicago which allegedly costs around $29 million. He, later on, sold the property as well.
He most likely resides in the meantime in Charlotte where he bought a $2.8 million lakefront home to be near his basketball team.
More in Pocket Change
NFL Star Carl Nassib Still Follows a Budget – Here Are Words of Wisdom from the Athlete to Kickstart Your Saving Habits
Raise your hand if you’re guilty of being a one-day billionaire whenever you get your salary. This is just one of...November 6, 2019
Do You Think Shopping Sparks Joy? This is When You Really Need to Start Saving and Stop Spending!
You may say the joy of shopping is incomparable, but that’s definitely not true. What really sparks joy? Yes, buying something...November 5, 2019
Entrepreneurs Who Bought the Ghost Town Cerro Gordo Had Already Spent This Much to Turn the Place into a Luxury Destination
It’s not every day that an entire town shows up on the market, so when the vast ghost town Cerro Gordo...November 4, 2019
Swimming in Debts? This Couple Managed to Pay a Chunk of Their Credit Card Debt Because of These Smart Lifestyle Changes
What’s the biggest drawback of using a credit card? You can’t monitor your spending habits. Because you’re basically paying cashless, you...November 1, 2019
Even Financial Advisers Need Suggestions, Too: These Pieces of Advice Will Help You a Thing or Two With Money
We always hear and read about financial advice, but what really works for us? It’s not always a one-size-fits-all kind of...October 31, 2019
Still Don’t Have an Idea on What to Give Your Grandkids? Help Them Secure Their Future with These Financial Presents
Grandparents have earned the reputation of spoiling their grandkids. A fight with mom and dad? Children immediately go to their grandpas...October 30, 2019
Could a Five-Hour Workday Be the Solution to Boosting Employees’ Productivity?
The typical 9-to-5 job can squeeze the juice out of you – so much so that you rarely have the energy...October 29, 2019
What Does it Really Mean to Be the World’s Richest? Amazon Founder Jeff Bezos’ Fortune Explained
How does it feel like to be the richest man in the world? Jeff Bezos certainly knows the answer, but he...October 28, 2019
Entrepreneurs, Listen Up! Here’s How Important a Life Insurance Is for You and Your Business
You think you have everything in the world right now – a budding business, a wonderful family, a developing career, and...October 25, 2019