Michael Jordan Still Earns $80M a Year
Forbes: Turns out he's great at business, too
By John Johnson, Newser Staff
Posted Feb 16, 2013 1:49 PM CST
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)

(Newser) – With Michael Jordan's 50th birthday upon us tomorrow, 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."

View 1 more image
More From Newser
My Take on This Story
To report an error on this story,
notify our editors.
Michael Jordan Still Earns $80M a Year is...
Show results without voting
You Might Like
Showing 3 of 21 comments
Feb 17, 2013 1:00 AM CST
As to whether he is great, I'm not sure since I know nothing about sports but there is something to be said about the amount of money that sports and entertainment people make - it's just ridiculous. I'm a film fanatic but even I don't think it's worth paying someone $20 million dollars to just star in a movie. In the olden days, we wouldn't have much choice if we wanted to watch that particular game or movie but nowadays, thank God for the internet!
Feb 16, 2013 11:26 PM CST
Although I don't think ANY job is worth the kind of money that our beloved athletes make, that said, I'm sure that MJ has several organizations and such that he donates a lot of money to every year. He's a good guy and there's nothing wrong with him making good money. But the kind of money he gets just for endorsements (and others like him) does tend to tick people off. Especially when so many of us are struggling month to month just to get by. I'm not mad at Michael for that. What the heck, we all know if we could make that kind of money we wouldn't turn it down, so why should he? God gave him a special talent and he's done with it what he can. At least he didn't mess up like some 'others' (like Michael Vick, and Lance Armstrong to name a few). The only way they are going to stop paying athletes, movie celebs, musicians/singers the kind of money they do is when stupid people like US stop paying outrageous ticket prices to attend the events. FIGURE IT OUT PEOPLE!! I don't begrudge these men and women, it's not their fault!!
Feb 16, 2013 5:57 PM CST
He's worked for his money and deserves every bit of it. That's what is wrong with the world, no one wants to put the effort it takes to make it big. Let everyone give us a handout especially the government. If you don't want to work for it that's your problem. You are exactly where you want to be. It's up to you.