<P> Most of Jordan's endorsement deals, including his first deal with Nike, were engineered by his agent, David Falk . Jordan has described Falk as "the best at what he does" and that "marketing-wise, he's great . He's the one who came up with the concept of' Air Jordan ."' </P> <P> In June 2010, Jordan was ranked by Forbes magazine as the 20th-most powerful celebrity in the world with $55 million earned between June 2009 and June 2010 . According to the Forbes article, Jordan Brand generates $1 billion in sales for Nike . In June 2014, Jordan was named the first NBA player to become a billionaire, after he increased his stake in the Charlotte Hornets from 80% to 89.5% . On January 20, 2015, Jordan was honored with the Charlotte Business Journal's Business Person of the Year for 2014 . In 2017, he became a part owner of the Miami Marlins of Major League Baseball . </P> <P> Forbes designated Jordan as the athlete with the highest career earnings in 2017 . From his Jordan Brand income and endorsements, Jordan's 2015 income was an estimated $110 million, the most of any retired athlete . As of February 2018, his current net worth is estimated at $1.65 billion by Forbes . Jordan is the third - richest African - American as of 2018, behind Robert F. Smith and Oprah Winfrey . </P> <P> Jordan also owns the Durham, North Carolina based automotive group which bears his name . The company has a Nissan dealership acquired in 1990, and formerly a Lincoln - Mercury dealership from 1996 until its closure in June 2009 . The company also owned the Nissan franchise in Glen Burnie, Maryland . The restaurant industry is another business interest of Jordan's, including a steakhouse in New York City's Grand Central Station, among others . </P>

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