Forbes says Michael Jordan is now a billionaire


jordan-bobcatsMichael Jordan has reached billionaire status. Forbes Magazine has estimated on June 12 that Michael Jordan’s equity as owner of the NBA’s Charlotte Hornets is $416 million and his net worth outside of the team to be $600 million.

It reported that Jordan now owns 89.5 percent of the Hornets.

Jordan’s spokeswoman Estee Portnoy confirmed to The Associated Press that Jordan purchased an additional stake in the Hornets in January of 2013, but wouldn’t say how much.

Portnoy had no comment on whether or not Jordan is a billionaire.

A six-time NBA champion, Jordan earned fame and fortune on the basketball court, as well as through endorsements and movies. The 51-year-old Jordan became the majority owner of the Hornets (formerly the Bobcats) in 2010 when he bought out Bob Johnson’s share of the team.

The Hall of Fame player won six National Basketball Association championships with the Chicago Bulls. He won the NBA Most Valuable Player award five times and was named an all-star 14 times.

His on-court success and commercial endorsements have made him one of the most recognizable and prosperous athletes in the United States.

Jordan played in total 1072 NBA games (1039 started), averaging 30.1 ppg, 6.2 rpg in 38.3 minutes per contest.


Stay updated on latest stories!

Subscribe, and receive free updates directly in your Inbox. Enter your email address:


comments powered by Disqus

Comments are closed.