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Basketball Legend Michael Jordan is a Billionaire

BellaNaija.com

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1993 NBA Finals Game 6:  Chicago Bulls vs. Phoenix Suns

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.

10 Comments

  1. bobbydox

    June 13, 2014 at 4:15 pm

    he is an inspiration and every public figure must all endeavor to be bigger than him

  2. sum1special

    June 13, 2014 at 4:53 pm

    No wonder his son, who is gay and turned woman is on the show rich kids of beverly hills i guess.

    • LotusFlower

      June 13, 2014 at 5:20 pm

      That is Magic Johnson’s son, not Michael Jordan’s.

    • Chee

      June 13, 2014 at 5:21 pm

      Wrong basketballer. You are thinking of Magic Johnson.

  3. @edDREAMZ

    June 13, 2014 at 6:02 pm

    a.k.a EDWIN CHINEDU AZUBUKO said…
    .
    Wow, this just great i swear… Laziness should take a back seat bcos am not ready to join that motha-…..
    .
    .
    ***CURRENTLY IN JUPITER***

  4. xoxo

    June 13, 2014 at 6:02 pm

    @sum1special- Get your facts right!!!! That’s Magic Johnson’s son you are talking about and not MJ’s son!!

  5. Concerned_Boyfriend

    June 13, 2014 at 7:43 pm

    How is net worth in millions of dollars equate to a Billionaire ?.

    • Stephanie-Feld

      June 13, 2014 at 7:58 pm

      Reading and understanding is key. It clearly states
      “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.” Which means $416 million + $600 million

    • lorenz

      June 13, 2014 at 7:59 pm

      Uncle… If you no sabi maths, you no supposed let all of us know na! Oya, does your phone have a calculator? press $600million plus $416Million; what does it give you? Here’s another tip: you can also visit investopedia for the definition of networth.

    • kin

      June 13, 2014 at 7:59 pm

      Solve the equation below….

      $600 Million + $416 million = ??

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