After languishing on the market for more than a decade, Michael Jordan’s 32,000-square-foot mansion in Highland Park, Illinois has finally sold at a dramatically reduced price.
As first reported by Bloomberg, the property closed for $9.5 million after first being listed at $29 million. That marks a 67-percent reduction for the property in Chicago’s northern suburbs abutting Lake Michigan.
Reports of an agreement first surfaced back in September.
Amenities for the mansion include nine bedrooms, 19 bathrooms, a cigar room, a library, an indoor gym, a circular infinity pool, a basketball court, a tennis court, and an iconic front gate with the number 23 on it.
Jordan has primarily lived in his native North Carolina in retirement, although he was seen spending the summer with his wife, Cuban-American model Yvette Prieto, aboard a yacht in the Mediterranean.
Jordan brought an end to his 13-year reign as Hornets owner by offloading his majority stake in the franchise to a group led by Rick Schnall and Gabe Plotkin back in August of 2023.
The buyer has not yet been identified, but they landed a massive 56,000-square-foot home
Michael Jordan and his wife, Yvette Prieto attend the Pro Football Hall of Fame ceremony
There is also a basketball court, a tennis court, an indoor gym and a circular infinity pool
The sale to Schnall and Plotkin was said to be worth a staggering $3billion, marking a colossal profit for the 61-year-old given he forked out $275million to purchase the team back in 2010.
Jordan remains the Hornets’ minority owner.
And after cashing in on his majority stake in Charlotte, Jordan has entered Forbes’ 400 list – consisting of the wealthiest Americans with in the US.
His net worth is now understood to have surpassed the $3b mark, meaning he has become the first ever athlete to be included in Forbes’ exclusive club.
Jordan remains the wealthiest athlete in history after combining his iconic career in the NBA with some of the biggest commercial deals ever off the court.
The most famous of those brand partnerships is of course with Nike, with whom he’s partnered on the Jordan brand.
The former Chicago Bulls superstar’s most recent yearly royalty check with Nike was reportedly worth around $260m.
