DeMar DeRozan Buys House From Michael Jordan’s Ex-Wife For Astonishing Amount

Published 11/09/2021, 12:59 PM EST
LONG POND, PENNSYLVANIA – JUNE 26: NBA Hall of Famer Michael Jordan and co-owner of 23XI Racing looks on from the 23XI Racing pit box prior to the NASCAR Cup Series Pocono Organics CBD 325 at Pocono Raceway on June 26, 2021 in Long Pond, Pennsylvania. (Photo by Sean Gardner/23XI Racing via Getty Images)


Chicago Bulls legend Michael Jordan had an illustrious NBA career. Jordan’s professional basketball career made him a millionaire due to multi-million dollar contracts. Retiring from the sport where fans consider him as the ‘GOAT’, he has continued his success off the court. Jordan is one of the world’s richest sports personalities. He still makes money off his brand deals and varied investments.

ADVERTISEMENT

Article continues below this ad

DeMar DeRozan, a Chicago Bulls player, recently purchased a property from Jordan’s ex-wife, Juanita Vanoy. According to ‘The Real Deal’, DeRozan bought the River North property in Chicago for a reported $4.5 million. Juanita acquired the River North mansion in 2007, one year after her 2006 divorce with Jordan. Juanita placed the property on sale in the market in June.

DeRozan signed a fresh three-year, $85 million contract in August with the Bulls. His new lavish mansion encompasses a five-stop elevator, recreation and billiard room, library, three-car heated garage, and four fireplaces. The six-bedroom, 10,200 square-foot home is the Chicago area’s 65th home sale over $4 million this year.

ADVERTISEMENT

Article continues below this ad

Michael Jordan, a six-time NBA champion, had an expensive divorce with his ex-wife Juanita Vanoy Jordan. Jordan paid her $168 million in a divorce settlement in 2006. Jordan separated with his wife Juanita Vanoy after 17 years of marriage. It resulted in her acquiring a few shared properties. Juanita received the Lake Shore Drive penthouse they purchased for about $3 million in 1990.

DIVE DEEPER

Why Will LaMelo Ball Never Join the Los Angeles Lakers?

21 days ago

ADVERTISEMENT

Article continues below this ad

Michael Jordan’s net worth and wealth

Alongside being a six-time NBA Finals MVP, Michael Jordan also earned $93.7 million during his NBA career. His 1996-97 NBA season guaranteed him a base salary of $30.14 million. The salary made him the first athlete in history to earn over $30 million per year.

Chicago Bulls All-Star forward # 23 Michael Jordan file photos. (Photo by Tom Berg/WireImage)

Jordan’s astonishing net worth of $2.2 billion guarantees his billionaire status. He also owns the Charlotte Hornets, a franchise in the NBA. Jordan’s brand endorsements alone earn him an estimated $100 million per year. His Air Jordan brand with Nike makes him approximately $60 million through royalties. The NBA legend has clearly maintained his success off the court as he rakes in the big bucks.

ADVERTISEMENT

Article continues below this ad

Watch this story: NBA Players Kevin Durant, Joel Embiid & Others Share Their Opinion About the New Wilson Basketball

Enjoyed reading this article? Download our exclusive app to get 24x7 coverage, latest memes and social media banter. Click here to download.

SHARE THIS ARTICLE :

ADVERTISEMENT

Shalom Saldanha

135 articles

Shalom Saldanha is an NBA writer at EssentiallySports. Currently pursuing his journalism degree, he has previously worked as a sports corresspondent for India Shorts/Business Upturn. A Giannis Antetokounmpo and Bucks fan, Shalom primarily got into the sport after discovering that he shared a mutual love for Arsenal with the 'Greek Freak'.

ADVERTISEMENT

ADVERTISEMENT