Michael Jordan is not only one of the greatest NBA players to ever exist, but he also has created a brand that is one of the most popular brands out right now. In addition, he can now call himself a billionaire.
Forbes recently released their annual Forbes Billionaire list, in which Bill Gates was ranked number one (ranking in at $72.9 billion), while Zara owner Amancio Ortega was ranked at number four with an estimate of $64.5 billion. In addition to Jordan’s popular brand of sneakers and ownership to the Charlotte Hornets, Jordan has now a net worth of $1 billion.
According to the Los Angeles Times, Jordan is also ranking in a lot of cash:
Jordan retired from the NBA in 2003 after a Hall of Fame career with the Chicago Bulls and Washington Wizards, but his earning power has actually grown since his playing days. Last year, Forbes reported Jordan was the highest-paid retired athlete in the world. He even made more money than all current professional athletes except boxer Floyd Mayweather Jr.
Aside from his Nike contract, Jordan’s increased ownership stake in the Hornets also helped him crack the billionaires list. His share in the franchise jumped from 80% to 89% in 2013. Forbes says the Hornets are worth more than $700 million.
Jordan ranks 1,741st on Forbes’ billionaire list, but he is only the second former professional athlete to make the list. Romanian real estate investor Ion Tiriac, a former tennis player, is also a billionaire.
What can you say? The man is not only a legend in the game of basketball, but also a billionaire.
[Credit: Los Angeles Times]