7 money lessons you can learn from the way Michael Jordan makes and spends his fortune

AP Photo/Charles Rex Arbogast

Michael Jordan became a billionaire after retiring.

• 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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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.