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Michael Jordan money lessons: How he made and spends his fortune

Business Insider Logo By Marissa Perino of Business Insider | Slide 1 of 8: 
  
    Michael
    Jordan made millions during his basketball career - but he
    became a billionaire
    after retiring.
  
  Thanks to a variety of investments ranging from real
  estate to tech, Jordan
  continues to grow his substantial fortune.
  
  Along with investments, Jordan's diversified income includes
  money from multiple "side hustles."
  
  
    
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    Business Insider's homepage for more
    stories.
    
  

  Retired basketball star Michael Jordan is a billionaire,
  but during his highest-paid season, he only 
  earned $33 million.

  Now boasting a net worth of approximately
  $1.9 billion, the six-time NBA championship winner has
  increased his wealth drastically over the years. His success is
  pegged to how he 
  makes and spends his money, including a variety of
  endorsements and investments.

  
    Read more
  
  :
  
    How Nike's Jordan Brand used
  celebrity collaborations to overcome a dip in the rankings and
  keep its reputation as the most iconic sneaker brand of all time.
  From the moment it signed Jordan to today, here's everything you
  need to know.
  

  In addition to still receiving money from endorsements such
  as his partnership with Nike, Jordan
  owns 90% of the Charlotte Hornets, a car dealership, restaurants,
  and multiple mansions.

  Keep reading for tips and money
  lessons from how Michael Jordan makes and spends his
  fortune.

How MJ made and spends his fortune

Retired basketball star Michael Jordan is a billionaire, but during his highest-paid season, he only earned $33 million.

Now boasting a net worth of approximately $1.9 billion, the six-time NBA championship winner has increased his wealth drastically over the years. His success is pegged to how he makes and spends his money, including a variety of endorsements and investments.

In addition to still receiving money from endorsements such as his partnership with Nike, Jordan owns 90% of the Charlotte Hornets, a car dealership, restaurants, and multiple mansions.

Click ahead for tips and money lessons from how Michael Jordan makes and spends his fortune.

Read more : How Nike's Jordan Brand used celebrity collaborations to overcome a dip in the rankings and keep its reputation 

© AP Photo/Charles Rex Arbogast

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