While being a billionaire means Michael Jordan doesn’t have to fret about financial concerns, the pains of hefty maintenance bills are a reality. The sports legend, owner of numerous extravagant assets, including an $80 million yacht, has found a way to cover the costs without leaving his vessel. Despite the significant expenses associated with maintaining his luxurious yacht named ‘Joy,’ Jordan, the world’s wealthiest athlete, has a penchant for lavish spending.
The crown jewel of his acquisitions is undoubtedly his yacht, a mega-yacht named ‘Joy.’ This colossal vessel spans 230 feet and boasts amenities like a jacuzzi, a movie theater, and even an indoor basketball court. Such extravagances come with a hefty price tag, and the weekly maintenance bill for the mega-yacht’s five floors and eight private cabins amounts to a staggering $800,000.
Although it might take a considerable amount of time to deplete the vast fortune that constitutes Jordan’s $3 billion net worth, the expenses are undeniably substantial. Fortunately, Jordan discovered that one of his hobbies could help him make money while relaxing on the yacht. Since selling the Charlotte Hornets, the basketball star has had more leisure time.
Jordan has become a passionate angler, participating in competitions worldwide. He notes that he’s learned a lesson from the sport that he couldn’t have gleaned from basketball: patience.
“I never thought I’d be on a boat, fishing,” he remarked. “You can’t hurry fishing; you just have to be ready when it happens.” For his fishing expeditions, he uses one of his smaller yachts, the Catch 23, valued at $8 million.
Recently, he and his team participated in the Mid-Atlantic Fishing Tournament, where they landed a hefty 75-pound fish. This achievement secured them third place in the competition and a prize of $462,318. If they had clinched the top spot, the team would have taken home a cool $1.4 million.