Basketball legend Michael Jordan is ‘now a billionaire’ as former Chicago Bulls star increases stake in Charlotte Hornets
- Jordan won six NBA titles with Chicago Bulls during an illustrious playing career
- He now owns NBA team Charlotte Hornets
- Forbes Magazine estimates that Jordan is worth more than $1billion
Basketball legend Michael Jordan has reached billionaire status.
Forbes Magazine estimates that Jordan’s equity as owner of the NBA’s Charlotte Hornets is $416 million and his net worth outside of the team to be $600 million. It reported Jordan now owns 89.5 per cent of the Hornets.
Jordan’s spokeswoman, Estee Portnoy, confirmed that Jordan purchased an additional stake in the Hornets in January 2013, but wouldn’t say how much.
Strike it rich: Former Chicago Bulls star Michael Jordan is now a billionaire, according to reports in America
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Portnoy had no comment on whether or not Jordan is a billionaire.
A six-time NBA champion with Chicago Bulls, Jordan earned fame and fortune on the basketball court, as well as through endorsements and movies.
The 51-year-old became the majority owner of the Hornets (formerly the Bobcats) in 2010 when he bought out Bob Johnson’s share of the team.