You Won’t Believe How Much Money Michael Jordan Actually Has Now

Michael Jordan and Wife Yvette Prieto NetworthWhen you’re expect­ing twins, it’s under­stand­able that you might want to invest some money in a big­ger home—kids need space. For Michael Jor­dan, 50, and his young preg­nant wife, 34-year-old Yvette Pri­eto, an extra 3,000 square feet should just about do it.

The celebrity cou­ple is expect­ing twin girls this spring and in prepa­ra­tion for their arrival, the for­mer NBA champ is hop­ing to build a 3,000-square-foot exten­sion to their newly-constructed home sit­u­ated on a golf com­mu­nity in Jupiter, Florida—the house is already 37,000 square feet. The addi­tion would con­nect their main house to the cot­tage at the back of the three-acre dou­ble lot. Jor­dan had to file a per­mit in order to start build­ing, but even with­out the exten­sion, he still owns what’s believed to be the biggest single-family dwelling in all of South Florida.

Believe it or not, this $25.0 mil­lion house is noth­ing com­pared to the celebrity couple’s 56,000-square-foot estate in High­land Park near Chicago. How­ever, Jor­dan has been try­ing to sell the man­sion, but has been hav­ing an incred­i­bly hard time get­ting rid of it. The home was first listed for $29.0 mil­lion. When that didn’t work, they tried auc­tion­ing it for $13.0 mil­lion, but it still didn’t sell and it’s now listed for $16.0 million.

Bro­kers think the rea­son the celebrity cou­ple is hav­ing such a hard time unload­ing the prop­erty is because of the loca­tion; homes in that par­tic­u­lar area typ­i­cally go for no more than $5.0 mil­lion. It also doesn’t help that Chicago res­i­dents aren’t as will­ing to pay the high pre­mi­ums for a celebrity home, com­pared to areas like Bev­erly Hills or Miami. It might also have to do with the fact that not many peo­ple really need an NBA-sized bas­ket­ball court in their back­yard, but to each their own.

Even if Jor­dan has to take a loss and come down on the price, the celebrity cou­ple will hardly have to worry about money. The retired player is still esti­mated to be worth a whop­ping $650.0 million.

What do you think: Is there such a thing as too much when it comes to spend­ing money on a dream home?

Sources:

Frank, R., “Michael Jor­dan can’t unload his man­sion,” CNBC web site, Jan­u­ary 6, 2014; http://goo.gl/tlpnJx.

Lam­biet, J., “EXCLUSIVE – Michael Jor­dan: My Huge Jupiter Home’s Not Big Enough!” Gos­sip Extra web site, Jan­u­ary 7, 2014; http://goo.gl/4Ok6DS.

“Michael Jor­dan Net Worth,” Celebrity Net Worth web site; http://goo.gl/UB16f, last accessed Jan­u­ary 24, 2014.