Billionaire Michael Jordan Spends More on Charity Every Year Than He Did for a Customized Yacht and a Bugatti Combined (2024)

Michael Jordan is arguably the greatest basketball player of all time. With six NBA championships, six Finals MVPs, and five league MVPs, Michael Jordan is also one of the most successful players of all time.

But the range of his success spans far beyond the basketball court. Michael Jordan has proved that his sharp and quick mind doesn’t just win basketball games. It can also be utilized in the real world.

Jordan has put his money into good use. With many worthwhile investments and the progression of his Jordan Brand, Michael Jordan has officially become a bona fide billionaire. His billionaire status is well-reflected in his luxury cars, $80 million yacht, personal golf course in Florida, and multiple properties.

But Michael Jordan understands the importance of giving back to the community. In fact, his charitable donations amount to more than a lot of his luxuries combined.

Michael Jordan decides to contribute $100 million to his community

Michael Jordan has quite the resume as a billionaire owner of expensive utilities. Besides an $80 million yacht and a personal golf course worth $20 million in Florida; Jordan owns a variety of luxury cars, including a $2.2 million Bugatti.

Moreover, he enjoys the ownership of multiple sports franchises. He owns the NBA team representing his hometown of Charlotte, the Hornets. Besides this, he also owns the NASCAR team 23XI and is part-owner of the Miami Marlins with Derek Jeter.

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However, Jordan’s contribution to the core causes plaguing our society is equally incredible. Last year, his Jordan brand took initiative to fight the root causes affecting the Black community. In fact, the Bulls legend donated $100 million to fight income equality and injustice in the community.

His brand looks to fund nonprofit organizations that work to bridge the gap in communities of color. In the words of Jordan brand president Craig Williams, “I’m excited about the impact these grants will have in the Black Community. We know that when we create positive change for the Black Community, there is a benefit for almost every other group.”

Jordan’s other charitable ventures

Michael Jordan is involved with plenty of other charitable organizations. In fact, the popular charities he supports are the Make-A-Wish Foundation, St. Jude Children’s Research Hospital, Nevada Cancer Institute, and the Boys and Girls Clubs of America amongst several others.

During the pandemic in 2020, he donated the proceeds from Netflix’s The Last Dance to Feeding America. The nonprofit used the $2 million donation in its venture to feed 46 million people in America affected by the pandemic.

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The money helped to boost food supplies to the organization’s 200 food banks.