Jordan made less than US$100 million during his time in the NBA, but since his retirement in 2003, he has built a lucrative career through deals with Nike and owning his own team. By 2014 he had joined the three-comma club, with Forbes estimating his current net worth at US$1.6 billion. Earlier this summer, Jordan and Nike’s Jordan brand pledged to donate US$100 million over 10 years to organisations fighting for “racial equality, social justice, and greater access to education” following the US’ nationwide Black Lives Matter protests. Then, just last week, he took an equity interest in fantasy sports betting outfit DraftKings, announcing that he would be advising its board of directors. As a result, shares in the company surged by 12 per cent. Both moves should come as no surprise: Jordan is in fact the world’s first athlete billionaire. There are only 6 billionaires in Hollywood – can you guess who? So how did he accumulate such wealth, and what else does the two-metre-tall (six-foot-six) retired basketball legend spend all of that cash on? The answers may surprise you. Despite his staggering pay packet as a young basketball player, Jordan’s income today far exceeds the amount he made during his career. He earned a total of US$90 million in NBA salary, with about US$63 million of that coming from his final two seasons with the Chicago Bulls. As of 2015, he was reportedly making US$100 million a year from Nike royalties alone. These days much of the US$1.6 billion fortune comes from the value of his NBA team, the Charlotte Hornets. He bought the Hornets in 2010 for US$175 million and he officially became a billionaire in 2014 when the value of the NBA franchise value rose. The team is now worth more than US$1.5 billion, and he owns a 97 per cent equity in the club. Jordan did sell a minority stake in the club in 2019, but he reportedly has no interest in giving up control of the team. How NBA star LeBron James keeps in shape during coronavirus lockdown Jordan is still waiting for the day the Hornets will win a championship for the big payout, however. He has said that winning a championship as an owner would be more gratifying than any of the six rings he won as a player. According to Forbes, Jordan’s yearly earnings were roughly US$145 million. For comparison, LeBron James is estimated to earn less than US$90 million a year from salary, winnings and endorsements. Nike founder Phil Knight famously said that signing Jordan was the best decision he ever made as a young entrepreneur, nabbing the NBA rookie for US$250,000 a year in 1984. Nike’s Jordan brand alone now brings in roughly US$3 billion a year in revenue. The popularity of Air Jordans has surged in recent years thanks to celebrity partnerships connecting to a younger audience, while new versions of retro styles reconnect to the older fans. Nike’s Jordan brand has even partnered with the popular video game Fortnite and has several endorsement deals with companies like Gatorade and trading card company Upper Deck and Hanes, who he’s been a spokesman for nearly 30 years. Kylie Jenner’s sneakers got us looking closer at shoes: 5 hot fashion picks Jordan maintains he has always been picky about his endorsements because he wanted to be genuine and build a brand of his own he could be proud of. He once rejected a huge endorsement deal with Beanee Weenees because he did not like the name. View this post on Instagram Game Recognize Game. Show off your skills by completing challenges and unlocking style variants for the Grind and Clutch outfits! #FortniteXJumpman A post shared by Fortnite (@fortnite) on May 24, 2019 at 1:04pm PDT So what does he spend it on? He has several sprawling estates, his own golf course and multiple restaurants, including 1000 North in Jupiter, Florida, and Michael Jordan’s Steakhouse, with branches in Connecticut, Washington and Chicago. View this post on Instagram Winner, winner steak dinner. A post shared by Michael Jordan's Steak House (@mjshchicago) on Mar 23, 2019 at 8:21am PDT In 2019, many billionaires lost money – but not Jordan. His net worth rose by US$300 million. It’s that steady stream of income that lets him live a pretty amazing lifestyle. He has a private jet painted “Carolina blue”, and the plane’s ID number features his jersey number (23) and the number of titles he has won (6). In 2002 he spent US$12.8 million building his dream house, and reportedly decided to build the aforementioned private golf course because he was annoyed by the pace of play at his local country club. The course in Florida is called Grove XXIII – in keeping with his obsession with the No. 23 – and opened in the autumn of 2019. Revealed: the 10 sports stars who can earn the most from a single IG post He wasn’t so lucky with his apartment compound in Chicago, however, which originally listed for US$29 million and which, eight years later, is still on the market at the much lower price of US$14.9 million. The estate’s gate is (of course) emblazoned with his jersey number. The quirky property has its own basketball court, as well as a pool with a patch of lawn in the middle of it. A decent chunk of the basketball star’s money has also been ploughed into legal battles. In 2016, Jordan won a case against a Chinese sportswear company that was using his Chinese name. The company had been using a logo similar to Jordan’s Nike Air Jordan one, alongside the characters of his name in Chinese, Qiaodan . He first sued the company in 2012, but lower-level courts ruled in favour of the company. In 2016, Jordan also pledged two large donations to the NAACP Legal Defence Fund and the International Association of Chiefs of Police’s new Institute for Community-Police Relations. This came after a string of unlawful police shootings in the US. He also pledged US$7 million to open two medical clinics in Charlotte, North Carolina, in 2019. Is Conor McGregor’s Proper No. Twelve whiskey any good? Jordan has three children from his first marriage with Juanita Vanoy. The pair married in 1989 and divorced in 2006. The 17-year marriage cost Jordan a whopping $168 million in the settlement. View this post on Instagram Some things need no explanation.... however, in regards to this photo, I could totally use one . Anywho, Happy BDay Marcus A post shared by Jasmine M. Jordan (@mickijae) on Dec 24, 2019 at 11:57am PST Jordan’s three oldest children have all followed their father into the shoe business. Jeffrey, the oldest, works at Nike in Oregon, and Jasmine, the youngest, has worked for her father’s NBA team as well as been an Air Jordan representative in Charlotte. View this post on Instagram ASW 20 ⭐️ you owe me nothing! To have this incredible weekend in my hometown was everything I expected and more. So many memories! Now that things have calmed down, I have so many people to thank. To my boss sis @giapeppers: thank you for having me on #GYTG. You know I’m always down for a ke-ke with you but I’m grateful for you giving me the opportunity to share my stories and drop a few gems on your platform in our Jordan Women’s activation space. I’m blessed to be apart of your journey as you continue to transcend in this industry. To the beautiful, kind hearted, and spirited @mrsmiawright: Thank you for allowing me to be apart of the @nbwassoc NBWA 3rd Annual Women’s Empowerment Summit. To be alongside the other beautiful ladies was an honor itself. I will continue to disrupt the game, shake up the industry, and pave the way for those who will come after me. I pray you continue to fulfill your purpose as you have done so thus far! Lastly, @pr_werks thank you for all that you do! You working workin!! Without you, none of these opportunities would’ve came my way. You continue to work so hard on my behalf and it doesn’t go unnoticed. This is only the beginning • ️ A post shared by Jasmine M. Jordan (@mickijae) on Feb 18, 2020 at 12:52pm PST Jordan later married Yvette Prieto, in 2013, and they welcomed twin daughters, Victoria and Ysabel a year later. View this post on Instagram Congrats Michael & Yvette Jordan! They look soo in love and in sync in their first dance. A post shared by Africa's Top Wedding Website (@bellanaijaweddings) on Apr 28, 2013 at 4:35pm PDT Jordan is also famous for being a gambler. American basketball player Charles Barkley told sportscaster Dan Patrick that Jordan used to wager hundreds of thousands of dollars on a single hole when he played golf. While others, like Barkley himself, would only ever wager a few hundred. Michael Jordan, LeBron James, Muhammad Ali or Babe Ruth – who is the GOAT? Jordan plays a lot of golf. But, as Barkley put it, what‘s the point in playing the sport if not for some cash? This article originally appeared on Business Insider Want more stories like this? Sign up here . Follow STYLE on Facebook , Instagram , YouTube and Twitter .