Michael Jordan is an American Basketball star, and many consider him the Best Basketball Player of All Time. MJ, as Jordan is known, played 15 seasons with the NBA’s Chicago Bulls & Washington Wizards. Michael Jordan was a winner of six NBA Championships with the Chicago Bulls and also won two Olympic Gold medals in basketball for the USA National Basketball Team. Jordan began college with North Carolina in 1982. In his first year, he was named ACC freshman of the year. Jordan averaged 17.7 ppg over his three seasons in North Carolina and had 5 RPGs. He was selected to the NCAA All-American First squad in 1983 and 1984. Jordan was drafted by the NBA in 1984. Check Michael Jordan Net Worth Breakdown.
Chicago Bulls selected Michael Jordan, the third pick. He was also awarded the Rookie-of-the-Year Award. Jordan formed a formidable partnership alongside Scottie PIPEN. Together, they led Chicago Bulls to three consecutive NBA Championships. Michael Jordan announced that he was retiring in 1993 due to a decline in his desire to play basketball. MJ returned to basketball in 1995 to help lead the Bulls to their second consecutive triple-peat from 1996-1998. Jordan retired in 1999 again and returned to the Washington Wizards in 2001. Jordan announced his retirement at the end of the second season after playing for the Wizards. MJ is currently the owner of Charlotte Hornets.
Forbes reported that Michael Jordan’s wealth was $2.2 billion in March 2021. Michael Jordan has made his fortune long-term through his Jordan Brand payments. But, his underwriting skills and a few profitable investments have allowed him to access all the major American pots.
Jordan broke the $1 billion mark in net worth once and established his status as one of the most successful athletes in the world. But, it’s unclear why the $ 500million he earned is now worthless. Forbes’ latest update on wealth shows that Jordan’s net value has decreased to $1.6 million in March 2021. There are many possibilities for an explanation, but the possibility that the NBA may lose its means because COVID-19 seems to be the best.
COVID-19 has not been addressed by the NBA brigades. As a result, they have been losing plutocrats due to insufficient attendance at games. Because of the shortage of space in their arenas during the current season, Brigades may not be able to pay hundreds and millions. Jordan is losing a lot of this profit as the Hornets average $ 240million per season.