Michael Jordan is a billionaire for the first time

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Michael Jordan smokes a cigar as he watches the fourball match on the 12th hole on the second day of the Ryder Cup golf tournament at Gleneagles, Scotland, Saturday, Sept. 27, 2014. (AP Photo/Scott Heppell)

Michael Jordan is a Chicago Bulls legend, six-time champion, NBA Hall of Famer and now, for the first time, a billionaire.

MJ is a rookie on Forbes’ list of the world’s billionaires, which included a record 290 new names.

Also new to the billionaires club? Bulls owner Jerry Reinsdorf.

More from Forbes:

The most famous rookie on the billionaires list? Michael Jordan, arguably the greatest basketball player of all time and indisputably the best-paid athlete of all time. Most of his cash comes from Nike payouts on his iconic brand. The Jordan brand grossed an estimated $2.25 billion in 2013, earning his Airness some $90 million. But his most valuable asset is his stake in the Charlotte Hornets, worth more than $500 million. When ex-Microsoft CEO Steve Ballmer bought the Los Angeles Clippers for a stunning $2 billion, values of all NBA teams skyrocketed, creating three new billionaires. Jordan’s old boss Jerry Reinsdorf, owner of the Chicago Bulls, joined the list with a fortune of $1.3 billion, and Houston Rockets owner Leslie Alexander boosted his net worth to $1.6 billion.

The richest people in the sports world are:

Stanley Kroenke, owner of Denver Nuggets and Colorado Avalanche, $6.3B

Robert Kraft, owner of New England Patriots, $4.3B

Jerry Jones, owner of Dallas Cowboys, $4.2B

Bernard Ecclestone, Formula 1 chief executive, $3.9B

Stephen Bisciotti, owner of Baltimore Ravens, $2.7B

Arthur Blank, owner of Atlanta Falcons, $2.5B

Robert McNair, owner of Houston Texans, $2.4B

James France, NASCAR executive, $2.1B

Tom Benson, owner of New Orleans Saints and Pelicans, $1.9B

James Irsay, owner of Indianapolis Colts, $1.8B

You can see the full list of Forbes billionaires here, and the list of sports billionaires here.

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