Charles Barkley and Michael Jordan don’t have a great relationship right now, but that wasn’t always the case. In fact, the six-time champion helped his fellow Hall of Famer in the business world.
In addition to being one of the best players in the NBA, Jordan has also done very well off the court. Mainly with his endorsement deals. His knowledge of his field also helped Charles Barkley secure a big payday.
Since they were near their peaks at the same time, Barkley and Jordan signed deals with Nike close to each other. Jordan was seen as the face of the brand, but he still made sure to look out for his fellow NBA star.
During an episode of “The Steam Room” podcast, Barkley opened up about some advice Jordan gave him. Thanks to this advice, the Phoenix Suns legend was able to fully maximize his earning potential with the venture.
“He goes, ‘Hey man, why do you need all that money? Tell Nike you want a million and the rest in stock options.’
“In fact, I made probably 10 times the amount of money, and I’m still with Nike to this day.”
Originally, Barkley was going to be paid $3 million. But thanks to Jordan, that ended up being so much more.
What is the net worth of Charles Barkley?
As of 2023, Charles Barkley’s net worth is estimated to be around $70 million. Part of this has to do with his deal with Nike. Not only does he still have an endorsement deal with them, but he also owns the shares that he got from the original deal with him thanks to Michael Jordan.
Outside of Nike, other companies Barkley has endorsement deals with include McDonald’s, T-Mobile and Dick’s Sporting Goods.
Another part of Barkley’s net worth comes from his salary. Last summer, he signed a new contract with TNT along with Shaquille O’Neal, Kenny Smith and Ernie Johnson. His new salary for “Inside the NBA” is believed to be around $10 million.
In some ways, Barkley owes a lot to Jordan. If it wasn’t for his advice so long ago, he would have left a lot of money on the table by not taking stock in Nike.