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Michael Jordan net worth 2013

In 2015, Forbes estimated Michael Jordan’s net well worth at $1 billion, making him the richest guy in sports around the world. (To get more, see: 7 Real-Life Ways To Be A Billionaire.)

Once Jordan left the NBA in 2003, he'd made simply over $94 million for their time on the courtroom for Chicago Bulls and soon after the Washington Wizards.

And although he hasn’t played a-game of professional basketball since 2003, their lot of money did over continued to develop, it’s growing at an even faster video than during his playing days.

One cause for that's that their reputation and his brand name as a basketball superstar consistently sell products. In 2014 alone, Jordan made over $100 million from the using their likeness by a variety of products.

His profits when you look at the recommendation arena stretches straight back over thirty many years to the start of their baseball profession, in 1984. Simply out of school plus in the NBA for his novice period, the 21-year-old Jordan signed a five-year, $2.5-million handle Nike Inc. (NKE), which developed the now-iconic Air Jordan basketball footwear.

By 2013, Nike had made the wildly effective Air Jordan footwear and clothing company into a separate entity, called the Jordan Brand. In 2013, Jordan made a reported $90 million from their relationship with Nike.

Between 2000 and 2012, Jordan made $480 million from his association with Nike. But he additionally took residence $18 million for endorsing Gatorade, $14 million from trading-card brand name Upper Deck, another $14 million from underwear giant Hanes (HBI), along with $10.6 million from XEL, some sort of cologne.

But before 2000 Jordan had been the almost omnipresent face of many significant United states brands, endorsing Coca Cola Co. (KO), Chevrolet (GM), Gatorade (PEP), McDonald's (MCD), ball-park Franks (TSN), Rayovac (SPB), Wheaties (GIS). In which he is very defensive of their brand. Lately, Jordan sued Dominick’s Finer Foods, a bankrupt Illinois supermarket string, for making use of his title and image on a 2009 steak voucher.

Source: www.investopedia.com
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