Michael Jordan 1st Billionaire Athlete
- wwetvsports21
- Jun 13, 2014
- 1 min read
Michael Jordan still balls harder than any NBA player although he has been retired for years. Why? Forbes is reporting that the G.O.A.T. is now a billionaire. In February of this year his reported net worth was $750 million, but that has now changed with this breaking news. The majority owner of the Charlotte Hornets organization increased his stake in the team to 89.5 percent. He previously owned 80 percent of the Hornets. At 89.5 percent ownership, his equity in the Hornets is now worth $416 million. Subtract the cash that MJ put into investing into the team and his net worth outside of the organization is estimated to be $600 million. Total it all up with everything else in the portfolio and His Airness now has a net worth of $1 billion. SOURCE
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