Michael Jordan is a billionaire, according to Forbes Magazine

Written By ASSOCIATED PRESS Posted: 06/12/2014, 12:06pm

CHARLOTTE, N.C. — Michael Jordan has reached billionaire status.

Forbes Magazine estimated Thursday 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

percent of the Hornets.

Jordan’s spokeswoman Estee Portnoy confirmed to The Associated Press

that Jordan purchased an additional stake in the Hornets in January of

2013, but wouldn’t say how much.

Portnoy had no comment on whether or not Jordan is a billionaire.

A six-time NBA champion, Jordan earned fame and fortune on the

basketball court, as well as through endorsements and movies. The

51-year-old Jordan became the majority owner of the Hornets (formerly

the Bobcats) in 2010 when he bought out Bob Johnson’s share of the


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