Michael Jordan loses $ 500 million of his fortune

Michael Jordan loses $ 500 million of his fortune

The NBA legend made much of his fortune by signing a draw with Nike.

Photo: Streeter Lecka / Getty Images

The historic NBA player, Michael Jordan, is considered by many to be the best basketball player in history. Great talent and sporting success are the subjects that major brands look for in athletes. In addition, Jordan emerged as one of the highest earning athletes in history. The former basketball player, had a net worth of $ 2.1 billion, a figure that declined by 24% after the pandemic.

Michael Jeffrey Jordan earned $ 93.8 million in his 16 years in the NBAHe got nearly half of that in his last two years with the Chicago Bulls. Much of his fortune, however, is due to lucrative contracts with NikeBut not everything is the color of roses.

As disclosed Forbes, a magazine specializing in the world of business and finance, Jordan’s fortunes have fallen $ 1.6 billionThis represents a loss of approximately $ 500 million. The prestigious magazine does not reveal the causes of the decline in the number of assets, but it is estimated that this is due to investments parallel to basketball.

Jordan is one of the 500 richest people in America

The former NBA player’s net worth remains quite high. Jordan ranks 455 in the North American country and puts him among the 1,500 richest people in the world.

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