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Michael Jordan.

Michael Jordan tops Forbes' 'retired sports stars' rich list

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Charlotte Hornets owner and Chicago Bulls legend Michael Jordan is a very wealthy man, we all know that, and the latest numbers released by Forbes have only emphasised that point. 

Earlier in the month, it was revealed by the business magazine that the 53-year-old had moved up 164 places in their 'World Billionaire' list. Last night, in their table of the highest paid retired sports stars, MJ came out on top. 

The list looked at money made during the calendar year of 2015 and Jordan almost doubled the earnings of former England football captain David Beckham, who was second. 

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Having retired in 2003, the six-time Finals MVP still raked in a stunning $110 million last year. His incredible wealth was attributed to the 14% increase in sales of his Jordan brand, in collaboration with manufacturer Nike.

However, his links with Hanes, Gatorade, Five Star Fragrances and Upper Deck would have done his earnings no harm.

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What makes his wealth even more amazing is that Nike feels there is still space to grow with Jordan and plan to double the brand revenue by the year of 2020.

Former Manchester United, Real Madrid and Los Angeles Galaxy midfielder, David Beckham, came in second with estimated earnings of $65 million. 

There were three other former NBA stars who made it onto Forbes' 14-man retired rich list.

Los Angeles Lakers legend Shaquille O'Neal made a healthy $22 million last year after selling a stake in his business to Authentic Brands Group, who get half of his future licensing and endorsement revenue for a one-off lump sum. 

Verizon Slam Dunk Contest 2016

Another Lakers legend has also found retirement profitable. Earvin Johnson - commonly known as Magic - is estimated to have made $18 million dollars. 

He generated much of his wealth from television (Aspire), insurance (EquiTrust) and staffing services (Magic Workforce Solutions) having moved away from the theatre and real estate business. Magic also has ownership stakes in the L.A. Dodgers, L.A. Sparks and an upcoming MLS franchise in the city. 

Perhaps surprisingly, former sixth man at the Milwaukee Bucks, Junior Bridgeman, was the highest earning former NBA player in 2015 behind Michael Jordan.

The Grand Gala VIP Reception Held At The Muhammad Ali Center

Having retired in 1987, Bridgeman has built an empire in the food industry. Bridgeman Foods owns more than 450 franchises that include Wendy’s, Chili’s and Fazoli’s locations. They also added pizza company Blaze to their growing list in 2015 - putting his yearly earnings at $32 million. 

Jordan's overall wealth is estimated at $1.14 billion and makes him the only current or former sports star in the world to the hold the billionaire title. 

With Nike only looking to grow the Jordan brand, and demand from the public only continuing to rise, it looks like there are good days ahead for the greatest of all time. 

Topics:
Charlotte Hornets
Southeast Division
Eastern Conference
NBA
Michael Jordan
Western Conference
Pacific Division
Central Division
Chicago Bulls
LA Lakers

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