NBA

Jordan, Beckham richest retirees in sports

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Photo Courtesy: Robertgestudios/Heroes.wikia.com

Retired NBA superstar Michael Jordan and soccer legend David Beckham are the richest retirees in sports, according to a recent Forbes study.

The six-time NBA champion and current owner of the Charlotte Hornets, Michael Jordan emerged no. 1 on Forbes richest list for 2015 with $110 million. The 53-year old Jordan, who retired from basketball in 2003, will be worth $1.1 billion with the addition of his endorsement deals with Nike. He will make $30 million more than any other athlete, active or retired as reported by Yahoo Sports.

Second in the list is British football superstar David Beckham. The former LA Galaxy star is valued at $65 million. He is partnering with an investment group and is now in the early stages of launching an expansion team in Major League Soccer. His 5-year pact with British fashion brand Kent & Curwen is worth $8 million annually plus the royalties for the collection. He also has a pact with Chinese real estate firm Luneng, which is worth over $5 million a year.

Retired golfer Arnold Palmer ranks third in the list. Although his health has deteriorated over the years, Palmer is still making big money. He owns the Arnold Palmer-branded stores which have 500 branches in Asia alone. His line of iced tea lemonade drinks account for a quarter of revenues of AriZona Beverage Co. Palmer also, already owns the Bay Hill golf resort for more than 40 years. He makes $40 million a year.

At fourth is former Milwaukee Bucks guard Junior Bridgeman. He had a solid 12-year career in the NBA mostly as a sixth man, but in the world of business, he is one of the best. His Bridgeman Foods is operating over 450 franchises including Wendy’s, Chili’s, and Fazoli’s. Bridgeman is worth $32 million.

Carolina Panthers owner Jerry Richardson rounds out the top five with his $30 million. He has made a fortune as a restaurant magnate.

Leading the women’s list is Chinese tennis star Li Na. The 34-year old former Australian Open and French Open champion make $34 million thanks to her iconic endorsements in her homeland of China.

Photo Courtesy: Robertgestudios/Heroes.wikia.com

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