Michael Jordan: Former NBA Star Tops Forbes’ List of Highest-Paid Retired Athletes
Only twice did former NBA star Michael Jordan make more than $4 million in a season, but the NBA Hall-of-Famer makes far more than that in retirement, according to a report by Forbes.
Jordan, who won five MVPs with the Chicago Bulls in the ’80s and ’90s and retired for a third and final time in 2003, made $110 million in endorsements in 2015, with an estimated $100 million coming in from his Nike Jordan brand shoe royalties. He also maintains relationships with Hanes, Gatorade, Five Star Fragrances and Upper Deck.
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Forbes valued the six-time NBA champion—and current owner of the Charlotte Hornets—to be worth an estimated $1.1 billion.
Next on the list was former English soccer star David Beckham, who retired in 2013. Forbes reported his 2015 earnings at $65 million.
The highest paid retired athletes:
— Forbes (@Forbes) March 30, 2016
Beckham, who played in Major League Soccer (MLS) for six years, makes $8 million per year with British fashion brand Kent & Curwen. The 40-year-old is reportedly looking to purchase an MLS franchise and base it in Miami.
Third on the list was golfing legend Arnold Palmer. The 86-year-old Palmer, aka “The King”, just recently announced he will not hit the ceremonial tee shot at the Masters that starts the championship play due to a shoulder injury.
But while his physical health isn’t the greatest, he still earned $40 million in 2015. For perspective, Palmer made a grand total of $1.8 million during his PGA career. Now in retirement, Palmer’s AriZona brand beverage sales represented roughly one-fourth of the company’s revenues.
After Jordan, Beckham, and Palmer came former NBA player and restaurant owner Junior Bridgeman ($32 million) and former NFL player and current Carolina Panthers owner Jerry Richardson ($30 million).
Coming in at No. 6 was golf legend Jack Nicklaus ($26 million), followed by former NBA star Shaquille O’Neal ($22 million), former race-car driver Roger Penske ($20 million), former golf star Gary Player ($19 million), former NBA star Magic Johnson ($18 million), former NFL star Michael Strahan ($17 million), former golf star Greg Norman ($15 million), former soccer great Pele ($14 million), and former tennis star Li Na ($14 million).