Well, it has become official: legendary NBA superstar Michael Jordan has officially made it onto Forbes’ Billionaire List — the first time the former Bulls athlete has crossed this threshold. Jordan, who is only worth $1 billion, is the 1,741st person on the list and this feat is largely to do with his majority stake in the Charlotte Hornets.

According to estimation, Forbes believes the athlete makes roughly $90 million from his Air Jordan line: and this does not even include his partnerships with Hanes, Gatorade and Upper Deck. But he saw his net worth sky rocket when ex-Microsoft billionaire Steve Ballmer — the 35th richest person on this list — bought the LA Clippers for $2 billion: as Forbes stated, this caused the worth of all NBA teams to rise, creating new billionaires out of Leslie Alexander (Houston Rockets) and Jerry Reinsdorf (Chicago Bulls) as well as Jordan — whose alleged stake in the Hornets is worth around $700 million.

It is important to note that this is only an estimate: as ESPN pointed out, Jordan’s longtime financial advisor Estee Portnoy has never released concrete numbers about Michael’s fortune.

As for other famous owners on the Forbes Richest List: Brooklyn Nets owner Mikhail Prokhorov ($9.9 billion), Miami Heat’s Micky Arison ($7.1 billion), Knicks/Rangers’ owner James Dolan ($4.3 billion), the famous Jerry Jones ($4.2 billion) and plenty more.

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