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Michael Jordan becomes first pro athlete to make Forbes 400

Oct 04, 2023

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Michael Jordan, an NBA superstar best known for smashing records and winning championships, has just broken another, this time off the court. Jordan, 60, has become the first professional athlete to earn a place in the Forbes 400, with a net worth of $3 billion, according to Forbes.

The hall of famer, showcasing his success off the court, has been a billionaire since 2014, and with the recent sale of the Charlotte Hornets for $3 billion, Jordan finds himself on the list of the wealthiest Americans.

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At the top of the list is Tesla CEO and Space X founder Elon Musk worth $251 billion, followed by Amazon founder Jeff Bezos worth $161 billion. According to Forbes, Jordan, No. 379 on the list, just made the cut as the minimum amount needed to be on the list is $2.9 billion.

Jordan is among just two other professional athletes worth at least $1 billion, Tiger Woods and LeBron James.

While Jordan amassed fame and millions while playing 15 seasons in the NBA, the majority of his fortune has been earned off the court. Forbes estimates Jordan has made $2.4 billion pre-tax in deals with McDonalds, Gatorade and Nike. Jordan’s latest royalty check with Nike was for $260 million.

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FINALLY THIS MORNING – MICHAEL JORDAN – THE FORMER NBA SUPERSTAR WHO BROKE NUMEROUS RECORDS DURING HIS PLAYING DAYS – HAS EARNED ANOTHER FIRST – BECOMING THE ONLY PROFESSIONAL ATHLETE TO EVER MAKE THE FORBES 400 – THE ANNUAL LIST RANKING THE RICHEST AMERICANS.

ACCORDING TO FORBES – JORDAN WHO BECAME A BILLIONAIRE IN 2014 – IS NOW WORTH $3 BILLION. AND HIS PLACE ON THE LIST WAS CEMENTED WITH THE SALE OF THE CHARLOTTE HORNETS IN AUGUST.

THE 60-YEAR-OLD HALL OF FAMER HAD BEEN THE MAJORITY OWNER OF THE HORNETS SINCE 2010 – WHEN HE PURCHASED THE TEAM FOR $275 MILLION.

HOWEVER – JORDAN JUST MADE THE LIST. AS THE PUBLICATION NOTES — THE CURRENT CUTOFF TO MAKE IT INTO THE FORBES 400 CURRENTLY STANDS AT $2.9 BILLION.

TOPPING THE LIST ARE TESLA AND X OWNER ELON MUSK WITH A NET WORTH OF $251 BILLION AND AMAZON FOUNDER JEFF BEZOS AT $161 BILLION.