• Patti Raspolich

Michael Jordan's net worth reaches $1 billion

Photo courtesy of mlssoccer.com

As Michael Jordan celebrates his 53rd birthday today, he will probably also celebrate the fact that his net worth has now reached $1 billion. Despite having retired from basketball more than ten years ago, Jordan can also thank “his business ventures, NBA ownerships, endorsement deals and overall success in translating his image to a brand,” for his continued fortune, according to TIMEMoney.com.

Michael Jordan has been pretty busy since he saved the day in 1996's “Space Jam” with Bugs Bunny and Daffy Duck. Since retiring from the NBA in 2003, Jordan has continued his highly acclaimed line of shoes, Air Jordans, which feature the famous Jumpman logo, a silhouette of Jordan shooting the basket. The legendary sneakers account for 58% of all basketball shoe sales, earning Nike $2.25 billion in 2013. In addition, Jordan is the face of various advertisement campaigns including Hanes, Gatorade, Five Star Fragrances, Upper Deck and Presbyterian Healthcare. Ownership in the Charlotte Hornets, the NBA team known for their famous owner, has also earned him a pretty penny. According to Forbes, Jordan's last listed stake in the team is at $500 million.

A very happy birthday to Michael Jordan, as the famous 23 turns 53 today. While he was arguably one of the best players on the court, he continues to strive for success off the court, inspiring people every day. Below are a few quotes from the baller himself:

Photo courtesy of stylepinner.com

“I've missed more than 900 shots in my career. I've lost almost 300 games. 26 times, I've been trusted to take the game shot and missed. I've failed over and over and over again in my life. And that is why I succed.”

“Some people want it to happen, some wish it would happen, others make it happen.”

“Talent wins games, but teamwork and intelligence wins championships.”

“I can accept failure, everyone fails at something. But I can't accept not trying.”

“I'm retired 99.9%. Of course, there always is that .1%.”

“Enjoy every minute of life. Never second-guess life.”

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