• Michael Jordan is a Billionaire Now

    Michael Jordan is a Billionaire Now

    13. June 2014

    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.

    Previous Post

    Two Contemporary Mansions on Sunset Plaza Drive in LA

    Next Post

    Inside Donald Trump's $100 Million Custom-Built Private Jet



    The 10 Highest Paid Actors in 2015
    Forbes magazine just published the annual list of the highest-paid actors in 2015. For the third year in…
  • Goodness

    Follow us