Find out how he still made that large chunk of cash out of court!
Michael Jordan doesn't play professional basket ball anymore but hell yeah, he still rakes in millions of dollars each year. In 2013 alone, the famous sportsman made up to $90 million from endorsements and the continuous influence of his personal brand.
According to Bleacher Report, the Jordan brand still holds weight as it accounts for the majority of Jordan’s incredible paycheck. Evidence of the brand's influence can be found with the Air Jordan 10 “Powder Blue” sneakers, which Nike released on February 22nd 2014.
The new shoe line reportedly raked in $35 million at its first-day sales. Meanwhile online, Air Jordan still brings in more cash. One of every three dollars spent on the Jordan sneakers on eBay is reportedly going toward buying Air Jordans, according to Quartz.com.
With $90 million earned last year, Forbes' Kurt Badenhausen states that Jordan earned more last year than any current or retired athlete besides Floyd Mayweather. He further estimated that the former NBA all-star’s brand has become an invaluable asset for Nike.
"Retail shoe sales for the Jordan Brand in the United States grew 11% last year to $2.7 billion, with basketball making up to 84% of that, according to Powell. Roughly 50% to 55% of that goes to Nike," Kurt said.
"If you factor in sales of Jordan apparel, the international Jordan business and sales at Nike stores, the Jordan brand is contributing roughly $2 billion of revenue to Nike, which posted sales of $26 billion over the last 12 months. Jordan, the man, gets a cut of every shoe, hoodie or pair of shorts sold by Nike under the Jordan Brand. We estimate MJ’s take from Nike was at least $75 million last year."
Other reports state that in addition to his personal brand, endorsements have been kind to Jordan. The basketball legend boasts corporate partners such as Gatorade, Hanes, Upper Deck and Five Star Fragrances as well as recently acquired partners 2K Sports and Novant Health.
All we can say is wow!