Charlotte Bobcats rookie Michael Kidd-Gilchrist wears his Air Jordan 1 Lows at Jordan Brand’s Flight Experience on Thursday, Feb. 14, 2013, in Houston. (Photo by Omar Vega/Invision for Jordan Brand/AP Images)
Michael Jordan Still Earns $80M a Year
Forbes: Turns out he’s great at business, too
By John Johnson, Newser Staff
With Michael Jordan’s 50th birthday upon us today, expect to see plenty of tributes to his glory days as a player. But Forbes points out that Jordan is enjoying a whole new kind of glory as a businessman. Thanks largely to his Jordan Brand, a division of Nike, the former Bulls star pulls in $80 million a year and has a net worth of about $650 million, writes Kurt Badenhausen.
Jordan owns most of the Charlotte Bobcats—an investment that could send his wealth soaring even higher—along with six restaurants and a car dealership. His Air Jordans still dominate the NBA, with version No. 28 to be unveiled this weekend. His name is golden with a long list of corporate partners. In short, he’s proving to be as much of a wizard off the court as he was on it. “Happy birthday, Michael,” writes Badenhausen. “It’s been a memorable first half-century. Next stop: the Forbes billionaires list.”