Basketball icon Michael Jordan's sprawling Chicago estate finally finds a new owner after more than a decade on the market.
According to Daily Mail, the 32,000-square-foot mansion in Highland Park, Illinois, has sold for $9.5 million, marking a dramatic 67-percent reduction from its initial listing price of $29 million.
The property, which features Jordan's iconic number 23 on its front gate, includes nine bedrooms, 19 bathrooms, and numerous luxury amenities. First reports of the sale agreement emerged in September 2024, bringing an end to one of the longest-running high-profile real estate listings in Chicago's history.
The Highland Park mansion showcases an impressive array of amenities, befitting a sports legend. The property boasts a regulation-size basketball court, tennis court, and circular infinity pool.
Inside, the mansion features a cigar room, library, and indoor gym, spanning across the massive 56,000-square-foot lot near Lake Michigan.
Jordan, who has primarily resided in his native North Carolina since retirement, spent summers with his wife, Cuban-American model Yvette Prieto, aboard a yacht in the Mediterranean. The identity of the mansion's buyer remains undisclosed, though they have acquired one of the most recognizable properties in Chicago's northern suburbs.
The sale comes at a time when Jordan's wealth continues to grow, having recently entered Forbes' 400 list of wealthiest Americans. His net worth has surpassed $3 billion, making him the first athlete to join this exclusive club.
The six-time NBA champion's financial portfolio has expanded significantly in recent years. In August 2023, Jordan sold his majority stake in the Charlotte Hornets for approximately $3 billion, generating a substantial profit from his initial $275 million investment in 2010. He maintains a minority ownership position in the team.
Jordan's partnership with Nike remains his most lucrative venture, with his most recent yearly royalty check reportedly worth around $260 million. The Jordan brand continues to be one of the most successful athletic footwear and apparel lines in history.
Two months prior to the mansion sale, Jordan invested $70 million in a customized Gulfstream 650ER private jet. The aircraft features a distinctive silver-and-black paint job resembling his famous elephant-print Air Jordan sneakers, complete with his Jumpman logo and a personalized tail number incorporating his jersey number and championship rings.
Michael Jordan's business empire extends far beyond his playing days on the court. The mansion sale represents just one aspect of his extensive portfolio of assets and investments that have helped establish him as the wealthiest athlete in history.
The significant price reduction on the Highland Park property, while substantial, barely impacts Jordan's overall financial status. His continuing success in various business ventures, particularly his Nike partnership and smart investment decisions, has solidified his position as a business mogul.
The sale of this iconic property marks the end of Jordan's direct connection to the Chicago area, where he led the Bulls to six NBA championships and became a global sports icon.
