On April 16, 2003, Michael Jordan officially announced his retirement.

Jordan retired three times in his NBA career. He announced his retirement on October 6, 1993 due to the murder of his father, and announced his comeback two years later. On January 13, 1999, he announced his retirement again after the failure of labor negotiations. Two years later, he announced his comeback with the Washington Wizards. On April 16, 2003, Michael Jordan officially announced his retirement after the Wizards' last home game against the 76ers in his career.

As recognized as the greatest basketball player in history, Michael Jordan was officially inducted into the Naismith Memorial Basketball Hall of Fame on September 11, 2009.

Extended information

Jordan is one of the most valuable sports icons in history. He first appeared in a Wheaties box advertisement in 1988 and immediately became their spokesperson. The series of signature shoes designed by Nike for Jordan are called "Air Jordan". Later, Nike separated this production line from its own manufacturer and called it "Jordan Brand".

After retiring from the NBA in 2003, Jordan has still made money. According to data released by the Forbes website, Air Jordan's total income in 2013 reached an astonishing US$90 million. Most of Jordan's income comes from dividends from NIKE's sneaker sales. In 2013 alone, NIKE's sales revenue from sneakers named after Jordan reached US$2.25 billion.

In 2006, Jordan became one of the Bobcats' minor owners and has always intended to become the team's majority owner. On March 18, 2010, the NBA Board of Directors announced that Jordan's transaction to acquire a majority of the Bobcats' holdings was officially approved, and Jordan officially became the Bobcats' majority shareholder.

With this move, Jordan became the first major shareholder of a team who was a professional player in the history of the league and the second black boss in the NBA. He will also be the only black boss in the NBA.

Baidu Encyclopedia—Jordan