Nick Young Discloses Michael Jordan Refused to Pay $20 for a Broken Lamp.

Michael Jordan’s net worth is estimated to be $3.2 billion in 2024, according to Forbes. However, a story shared by former Warriors player Nick Young on VladTV’s podcast paints Jordan as frugal despite his wealth.

Young recounted that during MJ’s basketball camp, Jordan refused to pay him and other campers their earnings due to a broken lamp, which Young claimed was worth only $20. Although Young eventually received a check from Jordan, it reportedly bounced.

Does Michael Jordan have a reputation for being frugal?

Michael Jordan’s reputed penny-pinching ways have been highlighted by his friend and former teammate Charles Barkley. Barkley has shared anecdotes about Jordan avoiding paying for meals or taxi rides, and there’s a famous story of Jordan leaving a $5 chip as a tip for a casino waitress in Vegas.

One possible reason for Jordan’s frugality could be his modest upbringing, which may have instilled in him a greater appreciation for money.

Expensive things that Michael Jordan owns

Despite his frugality, Jordan owns a luxurious car collection estimated to be worth $10 million, including a Ferrari 512 Maranello, a Mercedes-McLaren SLR 722 Edition, and possibly a Bugatti Veyron. He also has a Gulfstream G550 private jet worth $61.5 million and a luxury yacht estimated at up to $80 million. Additionally, Jordan has invested heavily in real estate, with properties in Jupiter, Florida (around $300,000), a mansion in Chicago (around $21 million), and a residence in North Carolina (around $3 million).