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MICHAEL JORDAN'S MONEY
(Eat the State! n.20 - January 1997)
Michael Jordan will make over $300,000 a game this year, $10,000 a minute assuming he averages about 30 minutes a game.
Assuming $40 million in endorsements next year from Nike and others, he'll make $178,100 a day (working or not).
Assuming he sleeps seven hours a night, he makes $52,000 every night while visions of sugar plums dance.
If he pays full price for a movie, it'll cost him $7.50, but he'll make $18,550 while he's there.
If he decides to have a five minute egg, he'll make $618 while boiling it.
He makes $7,415 an hour above minimum wage (after the wage hike).
He'll make $3,710 while watching each episode of Friends.
If he wanted to save up for a new Acura NSX ($ 90,000) it would take him a whole 12 hours.
He could take 1/100,000th of his income and buy some poor college student 5,200 packages of Ramen.
Assuming he puts the federal maximum of 15% of his income into his tax deferred account (401k), he reached the annual federal cap of $ 9,500 for such accounts at 8:30 AM on January 1, 1997.
If you were given a tenth of a penny for every dollar he made, you'd be living comfortably at $ 65,000 a year.
This year, he'll make more than twice as much as all of our past Presidents for all of their terms combined.
And Jordan will only have to earn this income for 270 more years to have a net worth equivalent to that of Bill Gates.
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