Michael Jordan’s Chicago Mansion Worth $15 Million
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Inside Michael Jordan’s $14.65m mansion
Inside Michael Jordan’s $14.65m mansion including cigar lounge that NBA legend hasn’t been able to sell for 10 years....
The mansion is currently going for exactly $14,855,000. Adding each digit from the price tag equals "23" -- Jordan's NBA number.
Jordan's massive ego even affects the selling price, but it's also the main reason why the home remains on the market. He seemingly believes that having a giant "23" on the main gate will draw potential buyers.
MJ has tried everything to sell the property. He has looked for billionaires in China who are NBA-crazy and offered limited edition Air Jordan sneakers in the deal. Besides having to pay property taxes each year, Jordan employs an entire staff to keep the Chicago mansion clean every day, essentially becoming a museum.
Jordan would benefit from turning the mansion into a museum, much like Graceland, instead of selling. The property was built to the exact specifications of a young Jordan, so it's a bit tasteless, to say the least. There's also the issue of its location.
Buyers at that price range prefer to be closer to Lake Michigan. They also don't care if a celebrity lived there, which is why Jordan should either turn the place into a museum or spend some money on removing all the customized Jordan stuff.
As one of the greatest athletes in American history, Michael Jordan has become accustomed to success both during and after his iconic NBA career. Now, the widely-proclaimed GOAT can officially stake his claim to another monumental throne.
An article published Monday by Forbes revealed Jordan, at age 60, currently boasts a net worth of $3 billion following the recent sale of his majority ownership stake in the Hornets, making the Hall of Famer the first professional athlete to rank among America’s wealthiest.
Coincidentally, the seismic deal, which was approved on July 23, came together after Jordan sold Charlotte, the league’s 27th most valuable team, at an astonishing $3 billion valuation. Once confirmed, the sale went down as the second-highest in NBA history, coming in at nearly 17 times the $275 million Jordan paid for the team in 2010.
Hornets owner Michael Jordan at a press conference. Michael Jordan's decision to sell the Charlotte Hornets was a lucrative one.
The Hornets’ sale marked the latest significant, post-retirement move for Jordan following a 15-year career during which the ex-Bulls and Wizards star earned $94 million as a player and an estimated $2.4 billion (pre-tax) in endorsements, largely fueled by his mega-popular shoes.
With His Airness now among The Forbes 400, Jordan, who’s used to operating in rare air, will now stand alone in the world of business as he continues to build on a portfolio that includes longtime partnerships with many global brands including Nike, McDonald’s and Gatorade.
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