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=== Business ventures === In June 2010, Jordan was ranked by ''[[Forbes]]'' as the 20th-most-powerful celebrity in the world, with $55 million earned between June 2009 and June 2010. According to ''Forbes'', Jordan Brand generates $1 billion in sales for Nike.<ref>[https://www.forbes.com/lists/2010/53/celeb-100-10_Michael-Jordan_UGGU.html "#20 Michael Jordan"]. ''Forbes''. June 2010. Retrieved September 8, 2010.</ref> In June 2014, Jordan was named the first NBA player to become a billionaire, after he increased his stake in the Charlotte Hornets from 80% to 89.5%.<ref>Davis, Adam (June 20, 2014). [http://www.foxbusiness.com/industries/2014/06/20/michael-jordan-becomes-first-billionaire-nba-player/ "Michael Jordan Becomes First Billionaire NBA Player"]. Fox Business Network. {{webarchive|url=https://web.archive.org/web/20140627054721/http://www.foxbusiness.com/industries/2014/06/20/michael-jordan-becomes-first-billionaire-nba-player/|date=June 27, 2014}}. Retrieved March 11, 2018.</ref><ref>Ozanian, Mike (June 12, 2014). [https://www.forbes.com/sites/mikeozanian/2014/06/12/michael-jordan-is-a-billionaire-after-increasing-stake-in-hornets/ "Michael Jordan Is A Billionaire After Increasing Stake In Hornets"]. ''Forbes''. Retrieved June 25, 2014.</ref> On January 20, 2015, Jordan was honored with the ''Charlotte Business Journal'''s Business Person of the Year for 2014.<ref>Spanberg, Eric (January 20, 2015). [http://www.bizjournals.com/charlotte/news/2015/01/20/michael-jordan-in-tears-as-he-accepts-business.html "Michael Jordan in tears as he accepts Business Person of the Year honors"]. ''Charlotte Business Journal''. Retrieved January 21. 2015.</ref> In 2017, he became a part owner of the [[Miami Marlins]] of [[Major League Baseball]].<ref>Jackson, Barry (August 11, 2017). [http://www.miamiherald.com/sports/mlb/miami-marlins/article166767852.html "Loria agrees to sell Miami Marlins to Sherman and Jeter, source says"]. ''Miami Herald''. Retrieved October 3, 2017.</ref> ''Forbes'' designated Jordan as the athlete with the highest career earnings in 2017.<ref>[http://www.nba.com/article/2017/12/15/michael-jordan-named-worlds-highest-paid-athlete-all-time-forbes-magazine/ "Michael Jordan named world's highest-paid athlete ever"]. NBA. December 15, 2017. Retrieved December 29, 2017.</ref> From his Jordan Brand income and endorsements, Jordan's 2015 income was an estimated $110 million, the most of any retired athlete.<ref>Neuharth-Keusch, AJ (March 31, 2016). [https://www.usatoday.com/story/sports/nba/2016/03/30/michael-jordan-shaquille-oneal-junior-bridgeman-magic-johnson-forbes-list/82441108/ "Michael Jordan tops Forbes' list of highest-paid retired athletes"]. ''USA Today''. Retrieved December 29, 2017.</ref> {{As of|2025}}, his net worth is estimated at $3.5 billion by ''Forbes'',<ref name="ForbesNetWorth">{{cite magazine |url=https://www.forbes.com/profile/michael-jordan/ |title=Michael Jordan |magazine=Forbes |access-date=January 25, 2025}}</ref> making him the [[Black billionaires|fourth-richest African-American]], behind [[David Steward]], [[Robert F. Smith (investor)|Robert F. Smith]], and [[Alex Karp]],<ref>{{cite magazine |last=Young |first=Jabari |title=This Tech Entrepreneur is the Richest Black Person in America |magazine=Forbes |date=November 3, 2024 |url=https://www.forbes.com/sites/jabariyoung/2024/10/02/this-tech-entrepreneur-is-the-richest-black-person-in-america/ |access-date=December 1, 2024}}</ref> and one of the [[List of celebrities by net worth|richest celebrities]].<ref>{{cite magazine|last=Martin|first=Devin Sean|title=The World's Celebrity Billionaires 2024|magazine=Forbes|date=April 3, 2024|url=https://www.forbes.com/sites/devinseanmartin/2024/04/02/the-worlds-celebrity-billionaires-2024-taylor-swift-kim-kardashian-oprah/|access-date=January 11, 2025}}</ref> Jordan co-owns an automotive group which bears his name. The company has a [[Nissan]] dealership in [[Durham, North Carolina]], acquired in 1990,<ref>Mullaney, Timothy J. (December 13, 1995). [https://www.baltimoresun.com/1995/12/13/jordan-partners-hope-car-dealership-scores-big-hoops-star-owns-glen-burnie-outlet/ "Jordan, partners hope car dealership scores big: Hoops star owns Glen Burnie outlet"]. {{Webarchive|url=https://web.archive.org/web/20180612141319/http://articles.baltimoresun.com/1995-12-13/business/1995347010_1_glen-burnie-dealership-nissan-of-glen |date=June 12, 2018 }}. ''The Baltimore Sun''. Retrieved October 8, 2022.</ref> and formerly had a [[Lincoln Motor Company|Lincoln]]β[[Mercury (automobile)|Mercury]] dealership from 1995 until its closure in June 2009.<ref name="dealership">Burkitt, Janet (February 27, 1997). [https://www.washingtonpost.com/archive/local/1997/02/27/michael-jordan-teams-with-car-dealership/b6c2d1a7-f694-44bd-a4c8-23686276e1d9/ "Michael Jordan Teams With Car Dealership"]. ''The Washington Post''. Retrieved June 24, 2018.</ref><ref>[https://www.wral.com/business/briefs/story/5376388 "Michael Jordan dealership in Durham to close"]. WRAL-TV. June 17, 2009. Retrieved July 19, 2019.</ref> The company also owned a Nissan franchise in [[Glen Burnie, Maryland]].<ref name="dealership" /> The restaurant industry is another business interest of Jordan's. Restaurants he has owned include a [[Michael Jordan's Steakhouse|steakhouse]] in New York City's [[Grand Central Terminal]], among others;<ref>Potempa, Philip (December 28, 2011). [https://www.nwitimes.com/lifestyles/food-and-cooking/scoring-major-points-michael-jordan-s-steak-house-new-location/article_a7f71d5e-afc2-505d-af46-8353ba2ae9e1.html "Scoring major points: Michael Jordan's Steak House new location a delicious win"]. ''The Times of Northwest Indiana''. Retrieved June 24, 2018.</ref> that restaurant closed in 2018.<ref>{{cite news |last=Fabricant |first=Florence |date=December 31, 2018 |url=https://www.nytimes.com/2018/12/31/dining/nyc-restaurant-news.html |title=Seafood With Korean Touches Comes to Park Slope, Brooklyn |newspaper=The New York Times |access-date=July 23, 2021}}</ref> Jordan is the majority investor in a golf course, Grove XXIII in [[Hobe Sound, Florida]].<ref>Porter, Kyle (February 6, 2018). [https://www.cbssports.com/golf/news/michael-jordan-is-building-a-golf-course-in-florida-set-to-open-in-2019/ "Michael Jordan is building a golf course in Florida set to open in 2019"]. CBS Sports. Retrieved October 18, 2019.</ref> In September 2020, Jordan became an investor and advisor for [[DraftKings]].<ref>Goldstein, Steve (September 2, 2020). [https://www.marketwatch.com/story/draftkings-shares-jump-after-adding-michael-jordan-as-investor-and-adviser-11599049880 "DraftKings jumps after addition of NBA legend Michael Jordan as investor and adviser"]. MarketWatch. Retrieved September 24, 2020.</ref> In May 2025, Jordan was announced as a special contributor for the [[NBA on NBC]] commentary team. <ref>{{Cite news |last=Deitsch |first=Richard |date=May 12, 2025 |title=Michael Jordan named 'special contributor' for NBC as network continues to lean into 90s nostalgia for NBA return |url=https://www.nytimes.com/athletic/6350144/2025/05/12/michael-jordan-nba-nbc-coverage-media/ |url-status=live |archive-url=https://web.archive.org/web/20250512230810/https://www.nytimes.com/athletic/6350144/2025/05/12/michael-jordan-nba-nbc-coverage-media/ |archive-date=May 12, 2025 |access-date=May 12, 2025 |work=[[The New York Times]]}}</ref>
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