Michael Jordan Olympic jersey sells for mind

A jersey worn by basketball star Michael Jordan while representing the United States Dream Team at the 1992 Olympics has been sold at auction for $4.65 million ($US3.03 million).

The US basketball team brought together some of the best players of all-time, including Jordan, Larry Bird and Magic Johnson, when NBA players were first allowed to compete at the Olympics, with the US easily winning the gold medal in Barcelona.

The particular jersey worn by Jordan in the semi-final round against Lithuania was included in an auction featuring signed jerseys from all 12 members of the team.

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Another jersey worn by Jordan during the opening game of the 1998 NBA Finals was sold at an auction in September for over $15 million, setting a new record as the most expensive piece of game-worn sports memorabilia in history.

Jordan, 60, is regarded by many as the greatest basketball player of all time and is considered the wealthiest former athlete in the world.

According to Forbes, Nike had paid Jordan an estimated $1.3 billion between 1984 and 2020, with the Jordan brand's revenue standing at $3.1 billion for the financial year ending May 2019.

His net worth in 2022 was reported to be $1.6 billion.

As a player he made less than $100 million but after he retired in 2003 his business enterprises soared.

He increased his recognition off the court by appearing in films such as Warner Bros’ Space Jam and Spike Lee's He Got Game, alongside further sponsorship deals including Coca-Cola, McDonald's, Wheaties, Chevrolet, Hanes, Gatorade and Upper Deck.

Such endorsements grew his fortune – far outweighing his $94 million playing earnings over 15 seasons in the NBA – and enabled investments that ranged from tequila, a car dealership, and a series of branded restaurants to the group behind the MLB's Miami Marlins and aXiomatic, the parent company of esports’ Team Liquid.

- With CNN

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