Still today he makes about $40 million dollars a year from endorsements, which is about $178,100 a day. Let's say he gets 8 hours of sleep per night, that means he makes a little under $60,000 in his sleep. If he goes to see a movie (at a good theater, not the small) the ticket will cost him about $10-15 but he would make around $11,130 while watching. If I was given a penny for every $10 he made, I would be paid around $65,000 a year. Usain Bolt is the fastest man ever but Michael Jordan makes about $20 in the time it takes Usain to run the 100-meter dash. He makes about $7,412 per hour more than minimum wage. If MJ wanted to buy a Bugatti Veyron which is one of the most expensive cars in the world at $2.5 million. He would make his money back in 2 weeks. In the 30 minutes it took me to write this up, His Airne$$ has made $3,710. His impact on the game is astronomical but his branding and entrepreneur skills have paved the way for future million and perhaps even billion dollar athletes.
Monday, February 25, 2013
Wesley Hall - His Airne$$
Michael Jordan is the greatest basketball player the world has ever seen. The reason why fans and ESPN love to compare Lebron or Kobe to him is because he is the standard to which greatness should be measured. He is greatness personified. So forget all of the stats. I like thinking about all the money he is making. He has also built one of the greatest brands ever which was shown in The Jordan Effect. That article tried to put a number on his impact on the economy and they come up with about $10 billion. That article is 15 years old so I am sure that number has grown. I just want to share some of the numbers and things I've seen around the web to put his finances in perspective.
Subscribe to:
Post Comments (Atom)
Your calculations are fascinating. Making $178,100 a day is hard to fathom. This just goes to show that Michael Jordan was not only the best basketball player to ever play the game, but also the best business man the sporting world has ever seen. He made sure to keep his image squeaky clean and avoid offending anyone. It would be interesting to see what his image would be like if he played in todays age. With social media, cell phones, and other technological advances, it is much easier for athletes to slip up and fall from the graces of the public. Ten and Twenty years ago, it was much easier to conceal scandals and protect your image.
ReplyDelete-Andrew Hayes
Wesley there are not many things, if any, to disagree with here. I completely agree that MJ is AND will be the greatest to ever play the game. Your numbers do not lie at the end of the day. When we look at LeBron people always say how he comes shoot in his shooting abilities or not participating in a dunk contest. But people are missing the biggest thing, MJ was a global icon. The $10 billion he has made may be not attainable for LeBron. One reason is because everyone loved MJ even with the gambling issue. But LeBron and Kobe do not have that same effect on others in the game as well fans outside of the game.
ReplyDelete- Greg Gantt