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.
Subscribe to our free weekly newsletter!
A week of sports news in your in-box.
We find the sports news you need to know, so you don't have to.
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.
To add insult to injury, Sean McVay announced on Monday that the Los Angeles Rams…
The Panthers named Andy Dalton as their new starting quarterback earlier this week, relieving 2023…
Once known as the worst clutch quarterback in the NFL, Atlanta Falcons QB Kirk Cousins…
On Tuesday, the Miami Dolphins placed quarterback Tua Tagovailoa on injured reserve with a concussion.…
The Chicago Bears learned the hard way last week that not all wins are pretty.…
Quarterback Daniel Jones has had to field multiple questions about negative Giants fans last week.…