Michael Jordan's net worth soars to $3.2 billion

Michael Jordan, the NBA icon widely considered the greatest basketball player of all time, continues to see his wealth soar. After a staggering $1.3-billion increase in 2023, his fortune has grown by another $200 million this year, solidifying his place among the world’s richest.

According to Forbes, a leading U.S. business magazine that tracks the fortune of the world’s wealthiest individuals, Jordan’s net worth has increased from $3 billion in January 2024 to $3.2 billion at the time of drafting this report.

Michael Jordan’s diversified portfolio fuels wealth gains

The recent surge in his net worth is attributed to the reevaluation of his diverse asset portfolio. This includes a minority stake in the Charlotte Hornets, ownership in sports betting giant DraftKings, and a significant interest in 23XI Racing, the NASCAR team he co-founded with Joe Gibbs and Denny Hamlin (valued at $150 million).

This latest surge propels Jordan to the 1,002nd spot on the Forbes billionaires list. His $3.2-billion fortune also cements his position as the world’s sixth-richest Black person, surpassing prominent figures like Oprah Winfrey ($2.8 billion), Jay-Z ($2.5 billion), and Patrice Motsepe ($2.5 billion).

Just five Black billionaires globally outrank Jordan

Only five Black individuals globally boast a higher net worth than Jordan. These include Africa’s richest man Aliko Dangote ($13.5 billion), alongside U.S. billionaires Robert F. Smith and David Steward, and Nigerian billionaires Abdul Samad Rabiu and Mike Adenuga.

Jordan’s historic inclusion on the 2023 Forbes 400 list marked a significant milestone — the first time a professional athlete cracked the ranks of America’s elite billionaires. His continued financial growth further cements his legacy as both a basketball legend and a shrewd businessman.