Basketball Legend Michael Jordan is a Billionaire

He is balling! Michael Jordan is officially rolling with the big boys.

According to Forbes, the acclaimed American basketball player is now a billionaire.

The publication estimates that the 51-year-old’s equity as owner of NBA’s Charlotte Hornets is $416 million and his net worth outside of team is $600 million. Jordan now owns 89.5% of the team.

The Olympic gold medalist’s rep had no comment on his reported new status.

Jordan invested in the team in 2006, and became the controlling owner in 2010. Hornets is worth between $600 million and $625 million.

Over the years, he has promoted a number of brands including Coca-Cola, McDonald’s, and Nike.