Chicago Bulls legend Michael Jordan is known as the wealthiest basketball player of all time. His net worth increased to an impressive $3.5 billion after he sold his majority stake in the Charlotte Hornets last month, according to Bloomberg. However, during his remarkable 15-year NBA career, Jordan was not always as financially stable, even attempting to increase his earning through an attendance clause.
In a 2005 interview with Cigar Aficionado’s Marvin R. Shanken, Jordan discussed his first contract with the Chicago Bulls. He signed a seven-year rookie deal worth $6.3 million back in 1984. This contract may seem modest compared to his current net worth, but it laid the foundation for his future successes in the NBA and beyond.
As Jordan’s career progressed, he became not only an exceptional player but also a savvy businessman. His various endorsements, owning NBA teams, and releasing his signature Air Jordan sneakers under Nike have all contributed to his immense wealth. Despite his early struggles, Jordan managed to ascend to the top of both the sports world and the business world.
It is clear that throughout his career, Michael Jordan was always looking for ways to maximize his earnings and grow his empire. From his early days in the NBA to his current status as a billionaire, Jordan has always been driven by ambition and a desire to succeed.
Today, Jordan’s legacy extends beyond basketball as he continues to be a role model for aspiring athletes and entrepreneurs. His story is a testament to the power of hard work, perseverance, and smart decision-making, proving that no obstacle is insurmountable for those who are dedicated to achieving greatness.
