Posted on June 12 2014
Michael Jordan Is Officially a Billionaire
Micheal Jordan had a net worth of $750 million. Jordan is the majority owner in the Charlotte Hornets organization, recently he increased his stake in the team from 80 percent to 89.5 percent. At 89.5 percent ownership, his equity in the Hornets is now worth $416 million. Subtract the cash that MJ put into investing into the team and his net worth outside of the organization is estimated to be $600 million. Total it all up with everything else in the portfolio and His Airness now has a net worth of $1 billion.