Michael Jordan is a Billionaire Now
According to Forbes , Michael Jordan is now a billionaire. The financial magazine estimated his net worth in February to around 750 million U.S. dollars. The total increased his stake of the Charlotte Hornets from 80% to 89.5%.
In 2010, Michael Jordan was the first former NBA player who became a owner of a own team. He bought his share for 275 million U.S. dollars.According to Forbes, the Hornets team is worth around 600 million U.S. dollars. The debt of the team is estimated to be around 135 million which makes Jordan’s equity in the team worth $416 million USD. Outside of the team his net worth is estimated at around 600 million. The sum of the two numbers giving him a net worth of a $1 billion USD.