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Businessman and Actor

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Outside of his career in basketball, Jordan has been involved in a number of profitable business and commercial ventures. Between his profitable Nike partnership and his ownership of the Charlotte Hornets, Forbes estimated Jordan's net worth to be over $1 billion in 2018. 

Michael Jordan and Nike

Jordan signed his first deal with Nike in 1984, and he currently serves on the Nike Inc. board of directors.

Nike launched the signature Air Jordan basketball sneakers in 1985. In its initial contract, Nike gave Jordan a generous 25 percent in royalties.

The Air Jordan quickly proved very popular, and it continues to be a best-seller for the apparel maker more than 30 years later. The collaboration mints money for Nike and Jordan, with Nike reporting nearly $2.9 billion in revenue for the Air Jordan line in 2018. 

Other Endorsement Deals

Over the years, Jordan has signed a number of other endorsement deals with brands including Hanes, Upper Deck, Gatorade, Coca-Cola, McDonald's, Chevrolet and Wheaties.

'Space Jam'

Jordan made a big splash in film as the star of the 1996 movie Space Jam. The film mixed live action and animation and paired Jordan with cartoon legends Bugs Bunny and Daffy Duck on screen.

Part Owner of the Charlotte Hornets

In 2006, Jordan bought a share of the Charlotte Hornets (formerly known as the Bobcats) and joined the team's executive ranks as its managing member of basketball operations. In 2010, he became the majority owner of the Charlotte Hornets and serves as the team's chairman. 

Improving the team's less-than-stellar record seemed to be Jordan's priority. He told ESPN in November 2012 that "I don't anticipate getting out of this business. My competitive nature is I want to succeed. It's always been said that when I can't find a way to do anything, I will find a way to do it." While the Hornets' on-court record isn't hugely successful, the organization has grown from a $175 million valuation in 2006 to $1.05 billion in 2018.

Michael Jordan Steakhouse

In 1998, Jordan launched into the restaurant business as the owner of Michael Jordan’s The Steak House N.Y.C. Designed to reflect Jordan’s tastes and style, this typical steakhouse seated 150 and 60 at the bar, occupying 7,000 square feet in Grand Central Terminal, before closing in late 2018. Jordan also opened restaurants in Chicago, at the Mohegan Sun casino in Uncasville, Connecticut, and at the Ilani Casino Resort in Ridgefield, Washington.

biography.com

Michael Jordan 7.jpg

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