Michael Jordan's Wealth Dropped 24 Percent Due To The Pandemic, Initially IDR 30.3 Trillion Now IDR 23.1 Trillion

Michael Jordan (Instagram @micaheljordan)

JAKARTA - The global COVID-19 pandemic has negatively affected most people, including Michael Jordan, who suffered an estimated loss of $ 500 million (IDR 7.2 trillion).

The former Chicago Bulls star pushed his place to the top 1000 of Forbes' richest list in April 2020 and becomes the highest earning athlete of all time, thanks in large part to his deal with Nike.

The Netflix documentary The Last Dance also brings Jordan back to the forefront of fan memory while introducing a new generation of fans to its legend.

However, according to Forbes, Jordan's wealth fell by nearly 24 percent, from $ 2.1 billion (Rp.30.3 trillion) to $ 1.6 billion (Rp.23.1 trillion) during the COVID-19 pandemic.

Details of the losses have not been disclosed but are believed to be related to investments outside the basketball world.

Jordan, the majority owner of the Charlotte Hornets, 'only' earned $ 93.8 million (Rp1.3 trillion) in his 16-year playing career in the NBA, but his fortune actually took off after retiring.

His relationship with Nike has always been lucrative and he now has his own division of the company, Jordan Brand, which pays him around $ 100 million in royalties per year.

Jordan Brand's iconic Jumpman logo now appears on the jerseys of all NBA teams.