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article imageMichael Jordan, earning $80,000,000 a year, turns 50

By Robert G Cope     Feb 15, 2013 in Business
Houston - When Sunday rolls around and the NBA All- Stars take to the court, as fans celebrate his 50th birthday, the business mogul, Michael Jordan, will have an eye on Nike commercials,
With three past retirements from sport, Michael Jordan – still MJ – is less athlete and now more businessman earning, according to an analysis by Forbes Magazine, an estimated $80 million in 2012.
How does he do it?
There are corporate partners, including Gatorade, Hanes and 2K Sports, but mostly it is Nike where Michael owns The Jordan Brand with annual royalties estimated at $60 million. His brand controls over half of the U.S. basketball shoe market.
To celebrate MJ's half century, Nike will release a new Air Jordan, the XX8, retailing in excess of $200 a pair.
Not that MJ needs Nike, as he owns a car dealership in North Carolina, a motorsports team and a controlling interest in the Bobcats of Charlotte. Oh, yes, he is wisely diversified with interests in fragrances and healthcare.
For fans, never mind the money, his career deserves heady retrospectives: six titles with the Chicago Bulls and – it seems – endless unforgettable moments driving the lanes, defence-men never knowing if he will shoot right or left.
Michael Jordan. The man. Who needs to say more.
Michael Jordan. The man. Who needs to say more.
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