Forbes Update Reveals Michael Jordan Has Taken a Major Hit to His Net Worth in 2021

Published 03/22/2021, 12:00 AM EDT
DETROIT – APRIL 06: Michael Jordan is announced as a member of the 2009 Hall-of-Fame class at halftime of the Michigan State Spartans and the North Carolina Tar Heels during the 2009 NCAA Division I Men’s Basketball National Championship game at Ford Field on April 6, 2009 in Detroit, Michigan. (Photo by Streeter Lecka/Getty Images)


In his glorious playing career and then in the noteworthy life as a team owner, Michael Jordan has pocketed huge money. In fact, a major chunk of his monetary accumulations has come from off-the-court business deals. The former Chicago Bulls champion is just unstoppable when it comes to selling his brand equity to where it counts the best.

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Studying MJ’s business moves and his everlasting popularity, one would assume his net worth can only pick one direction, upwards. But a recent update from a giant media house has hinted otherwise for the NBA Hall of Famer. 

Has Michael Jordan lost his net worth?

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Last year, in July 2020, exactly when the world was recovering from lockdown scares, Michael Jordan was in the news for two major achievements. One, his documentary The Last Dance had tasted extraordinary success. Two, Forbes had released his net worth figures that had etched his name in history as the first-ever billion-dollar athlete in the world.

But his net worth that was an estimated $2.1 Billion last year has now plummeted to $1.6 Billion as per Forbes’ fresh update.

Now, that is a sharp decline of 23.8%, which is not a small percentage by any means. While the reason behind this decrement is unclear, it must be because of something unrelated to basketball that caused this temporary damage to his valuation. With stars like LeBron James making a sizeable leap in their financial portfolio, a competitive MJ would not want to see his name taking such hits.

Read Also“The Jumpman”: The Curious Case of Michael Jordan Brand’s Iconic Logo

What has been the graph for MJ’s earnings over the years?

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Michael Johnson #23, shooting guard for the Chicago Bulls prepares to make a shot during a Central Division game in the Eastern Conference of the National Basketball Association (NBA) 1988 – 1989 season at Chicago Stadium, Chicago, United States. (Photo by Jonathan Daniel/Allsport/Getty Images)

Air Jordan netted just $90 million in his playing career, something that the top stars of today make in two to three years. However, the hidden goldmine of his bulging earnings remained the other deals. His Nike deal that began with $500000 per year in 1984, gave him a whopping $3.14 Billion in earnings in 2019. 

Looking back, the six-time NBA Champion entered the three comma figure in 2014 and since then has only grown his fortune. In 2017, he was $1.2 Billion strong, which grew to $1.9 Billion in 2019 and close to $2.1 Billion in 2020. Hence, it is surprising how the trend has dipped in 2021, when all his investments, including the one in Hornets, have given him profit.

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Can you take a guess what could have led to this downturn? Help us know in the comments.

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Sourabh Singh

1107 articles

Sourabh Singh is an NBA sports analyst for EssentiallySports, who has been working with the site since May 2020. Prior to this, he functioned as Managing Editor at WittyFeed, followed by a stint at Decathlon. The Sports Management graduate leads an active lifestyle, veering to the mountains for off-trail adventures.

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