Yardbarker
x
'I give homeless people money, and he smacks my hand' - Charles Barkley on how insanely cheap Michael Jordan is
© The Arizona Republic-USA TODAY NETWORK via Imagn Content Services, LLC

With over $93 million earned in salaries alone across 16 NBA seasons, Michael Jordan's financial achievements are almost as legendary as his basketball prowess. Despite being retired for over two decades, he now has a net worth of $3.5 billion, more than most people could dream of.

That said, no one has more to say about how Mike spent his money than his fellow NBA Hall of Famer, Charles Barkley.

No money for homeless people

Post-retirement, Jordan built an empire that included endorsements, business ventures, and ownership stakes. But his financial success wasn't an accident.

Beyond his six championships, five MVPs, and iconic Air Jordan sneaker line, MJ displayed a business spirit that set him apart. While many athletes lose their wealth post-retirement, Michael only grew his fortune, primarily through his Jordan Brand deal with Nike and his majority ownership of the Charlotte Hornets.

By the time Forbes crowned him the first billionaire athlete, the Chicago Bulls legend had cemented his place as both a basketball and financial icon.

Despite his wealth status being unquestioned, those closest to Jordan insist he's surprisingly tight-fisted when it comes to spending.

"There's nobody cheaper than Scottie Pippen and Michael Jordan," Barkley said. "Oh yeah, you know I always give homeless people money, and he smacked my hands. He says, 'If they can ask you for spare change, they can say, 'Welcome to McDonald's. Can I help you, please?"

Two different spending habits

While Mike may guard his wallet like he once guarded opposing players, Barkley has a different philosophy. Chuck hasn't shied away from spending money, often for humorous or heartfelt reasons. Of course, the 1993 NBA MVP has faced criticism for his well-documented gambling habits, admitting to losing millions over the years.

"I love to gamble, I don't like to gamble…" Barkley revealed on the Club Shay Shay podcast. "I would go to Vegas, and I would win a million dollars. There have probably been seven times that I won a million dollars, but there's probably been 25 times I've lost a million."

However, Chuck is quick to note that his generosity often balances out his more questionable spending.

"I stopped one day and gave this guy like $100. He had a line that says, 'No lying here, folks; want money for alcohol.' And I thought the sign was so funny, I pulled over and gave him $100," he said.

Moments like this highlight Barkley's lighter side of his spending habits. He's as quick to make a charitable gesture as he is to place a high-stakes bet at a casino. Unlike Jordan, who channels his money into calculated investments, Charles' philosophy leans toward living in the moment—sometimes to a fault. 

This article first appeared on Basketball Network and was syndicated with permission.

More must-reads:

Customize Your Newsletter

Yardbarker +

Get the latest news and rumors, customized to your favorite sports and teams. Emailed daily. Always free!