Jami Thompson
Do you want to know which NBA player is the richest? We’ve just put up a list of the top 5 NBA players in terms of income!
In North America, there is a professional basketball league called the National Basketball Association. One of the top professional sports leagues in the United States and Canada, the league has 30 teams. It is the world’s top men’s professional basketball league. Here are the top 5 richest players in NBA.
The Basketball Association of America, the league’s original name, was established in New York City on June 6, 1946.
By average annual compensation per player as of 2020, NBA players are the highest-paid athletes in the world.
The Top 5 Richest NBA Players
1. Michael Jordan
Michael Jeffrey Jordan is at the top of our list, as you have probably already guessed. He is a former American professional NBA (National Basketball Association) player and businessman who is also well-known by his initials, MJ.
.The Charlotte Hornets of the NBA and 23XI Racing on the NASCAR Cup Series are the main owners and sources of his wealth, respectively.
Including that, MJ controls about 10% of Jordan Brand’s sales, which is a significant amount given how popular the company is and how high its stock prices are.
His wealth hasn’t diminished despite his two marriages and five children; we suppose having a supportive family does count for something.
Jordan’s lucrative endorsement contracts with Nike, his biggest sponsor, account for the majority of his enormous net worth.
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2. Junior Bridgeman
Ulysses Lee “Junior” Bridgeman, a former NBA player and businessman from the United States, is listed at number two.
Bridgeman is a remarkable businessman with a net worth of $600 million after turning $350k into $600 million.
Prior to selling in 2016, Junior invested in Wendy’s franchise and Chili’s eateries. He eventually controlled over 100 different Wendy’s and Chili’s restaurants.
Aside from the expanding network of Chili’s restaurants, which already has 118 locations and counting, he currently controls more than 160 businesses.
He was a great role model for young people in both basketball and investing from his birth on September 17, 1953.
In addition, he spent 12 years (1975–1987) playing in the National Basketball League for the Milwaukee Bucks and Los Angeles Clippers.
Source: Google
3. Magic Johnson
On number three, we have Earvin “Magic” Johnson Jr., a former American NBA player.
When Johnson was a student at Everett High School, he was first referred to as “Magic.” Additionally, a sportswriter who had just witnessed the 15-year-old prospect score 36 points, 16 rebounds, and 16 assists gave him the moniker.
The Los Angeles Lakers of the National Basketball Association once had Magic as their head of basketball operations.
Johnson presently works with Fridays, Starbucks, and 24-Hour Fitness. He has also owned the Lakers, Sparks, Dodgers, and LA Football Club in the past.
After retiring, he founded Magic Johnson Enterprises and expanded to operate a variety of movie theaters, fast food outlets, health clubs, real estate, and other businesses. As a result, he has become a very successful entrepreneur.
Magic Johnson had to announce his retirement because, at the time of his HIV diagnosis, people still believed that the disease was a surefire way to die.
He and his wife are currently traveling throughout Europe on a $150 million super-yacht called “Aquila,” which they are renting for about $1 million per week.
It seems like Magic knows how to manage his wealth.
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4. LeBron James
LeBron Raymone James Sr., an American NBA player with the Los Angeles Lakers, is the fourth player on the list.
LeBron’s estimated net worth is $500 million. In addition, CBS Sports predicts that if his recent success in both business and basketball continues, he will likely surpass the $1 billion mark by the year 2022.
His connections with companies like Nike Inc. have played a significant role in his burgeoning riches.
LeBron, who goes by the moniker “King James,” currently represents Los Angeles in the NBA.
James runs his own media company, Uninterrupted, as well as production companies like SpringHill Entertainment.
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5. Shaquille O’Neal
Shaquille O’Neal, also known as “Shaq,” is a former NBA player from the United States who is listed at number five.
Shaq presently serves as a sports analyst on the “Inside the NBA” television show. Additionally, he holds a doctorate in education from Barry University.
In addition, Shaq co-owns 17 Auntie Annie’s pretzel shops, 155 Five Guys Burger locations, and 150 car washes. Similarly, he also has 40 24-hour fitness facilities, a shopping mall, a theater, and a number of Las Vegas nightclubs, in addition to 9 Papa John’s.
The NBA player also holds partial ownership in the Sacramento Kings, has made large investments in Lyft, Ring, and Vitaminwater, and launched the fitness company Beachbody.
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Did your favorite NBA player make it to the list? Do tell us in the comments!
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