One of the greatest (maybe the greatest) ballers of all time Michael Jordan means a lot to a lot of people. His wealth as one of the first true branded sportsmen has cemented his legacy and brought in man fans and haters. One thing is for sure, he is worth a hell of a lot!

Michael Jordan made a well-timed Charlotte Hornets Basketball team’s investment that lifted him into the ranks of a billionaire in 2015. This investment has enabled the 53-year old basketball player to remain there through 2016. In 2010, Michael acquired the majority stake in the team for $175 million and in 2013; he increased this ownership to 90 percent.

The values of the NBA franchise shot up in 2014 following Donald Sterling’s racist remarks. Donald was banned from NBA league and a bidding war ensued for his Clippers in Los Angeles. Steve Ballmer was sold for $2 billion. This deal boosted Michael’s Hornets stake to $500 million. Currently, Michael Jordan’s net worth is estimated at $1.24 billion.

Thus, he is the richest sportsman worldwide.

Many people acknowledge Michael Jordan as the greatest basketball player globally. However, his salary has not always matched this stature. Jordan was the highest NBA’s player twice only during his career that spans for 15 years.

His total salary as a basketball player is estimated at $90 million. However, he has earned $1.2 billion from his corporate partners after leaving North Carolina. Nike has always been his biggest baker generating revenue of $2 billion annually from his brand. He also maintains longtime endorsement relationships with Hanes, Upper Deck and Gatorade. Michael Jordan net worth is also boosted by his car dealership and seven restaurants.

How does Michael’s wealth compare to other black celebrities? Find out here.