Michael Jordan Is Already Rich, But Now He’s Officially A Billionaire

Michael Jordan, star of a little movie called Space Jam and every Bro’s sports hero growing up, has plenty of money in the bank. But his personal worth has never hit the coveted ten-figure club until today. The 2015 Forbes Billionaires list added His Airness for the first time thanks to his stake in the Charlotte Hornets, which is estimated at $500 million. Via Forbes:

The most famous rookie on the billionaires list? Michael Jordan, arguably the greatest basketball player of all time and indisputably the best-paid athlete of all time. Most of h is cash comes from Nike payouts on his iconic brand. The Jordan brand grossed an estimated $2.25 billion in 2013, earning his Airness some $90 million. But his most valuable asset is his stake in the Charlotte Hornets, worth more than $500 million. When ex-Microsoft CEO Steve Ballmer bought the Los Angeles Clippers for a stunning $2 billion, values of all NBA teams skyrocketed, creating three new billionaires. Jordan’s old boss Jerry Reinsdorf, owner of the Chicago Bulls, joined the list with a fortune of $1.3 billion, and Houston Rockets owner Leslie Alexander boosted his net worth to $1.6 billion.

I hope Jordan celebrates his new billionaire status in the most Michael Jordan way possible: With a trip to a blackjack table in Atlantic City the next time the Hornets are in the playoffs.

[H/T: SB Nation]

Brandon Wenerd avatar
BroBible's publisher and a founding partner, circa 2009. Brandon is based in Los Angeles, where he oversees BroBible's partnership team and other business development activities. He still loves to write and create content, including subjects related to internet culture, food, live music, Phish, the Grateful Dead, Philly sports, and adventures of all kinds. Email: brandon@brobible.com