Michael Jordan Is The Richest Retired Athlete In The World
Michael Jordan earned $100 million in 2014 — more than any other current or retired athlete — making him the richest retired athlete in the world, reports Forbes magazine.
Figures analyzed by Forbes show athletes’ salaries have increased in recent years as media companies have made billions broadcasting sporting events that can’t be DVR’d for later. An example of this is shown in the recent NBA and MLB salaries. NBA athletes earn $5 million whereas their baseball counterparts earn $3.8 million.
Because athletes have shorter professional careers, the financially savvy among them will invest their money or create a brand to ensure an ongoing paycheck. Thanks to Nike, Jordan has banked millions with his iconic and trendy sneakers. Jordan as also invested in various basketball teams and works in the NBA’s administration.
The other retired athletes who were among the richest retired athletes for 2014 were soccer athlete David Beckham earning $75 million, golfer Arnold Palmer raking in $42 million and another golfer Jack Nicklaus who accumulated $28 million.