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Michael Jordan's net worth jumps over the $1 billion mark

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Michael Jordan | Jordan Brand/Getty Images

Michael Jordan

Net worth: $1.1 billion (as of January 2016)
  • Year of birth: 1963
  • Education: University of North Carolina

How Michael Jordan's net worth was built

Basketball is the foundation on which Michael Jordan's house was built. After his successful college career as a University of North Carolina Tar Heel, he was drafted by the Chicago Bulls in 1984. Now he is immortalized by a statue outside the United Center arena. While his 6 -- count 'em, 6 -- NBA championships certainly contributed to his wealth, his more than $1 billion net worth was also built on moves off the court. Jordan has not only partnered with several companies' ad campaigns -- think, "Air Jordan" -- he's a team owner of the Charlotte Hornets.

You can use Bankrate's net worth calculator to see how you compare to MJ.


What he's up to now

Jordan is far from being retired. In addition to being a controlling owner of the Hornets, he continues to partner with Gatorade, Hanes and Upper Deck. Plus, he has an ongoing collaboration with Nike. Of course, Jordan isn't just any old shoe salesman. His Nike partnership produces some of the most well-known shoes on the market. And as if that weren't enough, Jordan finds the time to own several restaurants and a car dealership.


Accolades

Considered by many to be the greatest basketball player ever, Jordan's accomplishments could fill a book. And in fact, you can read about many of them in his autobiography, "Rare Air." As a Tar Heel, Jordan won the Naismith and Wooden awards in 1984. His NBA Rookie of the Year award in 1985 was the beginning of a professional career that would earn him the NBA's MVP title 5 times, 6 NBA championship rings and 6 NBA Finals MVPs. Jordan played in 14 NBA All-Star Games and was the NBA All-Star MVP 3 times. Aside from playing in the NBA, he won 2 gold medals as a member of the U.S. Olympic basketball team in 1984 and 1992. Not a bad career for someone who was cut from the varsity high school basketball team during his sophomore year.

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