CHARLOTTE, N.C. (AP) - 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 team.

Top NBA Public Bets

NBA Top Stories

Thumbnail Tim Duncan retires The San Antonio Spurs lost their franchise player on Monday, as Tim Duncan elected to retire after an amazing 19-year...
Thumbnail Rockets give Harden an extension The Houston Rockets locked up their star player for years to come, announcing an extension with James Harden on...
Thumbnail OKC's title odds plummet without Durant Following the announcement that Kevin Durant will be signing with the Golden State Warriors, the Oklahoma City Thunder's NBA title...
Thumbnail Durant heading to Golden State The shoe finally dropped in the Kevin Durant sweepstakes, as he has elected to sign with the Golden State Warriors for next...
Thumbnail Warriors now 2/3 to win title with Durant The Golden State Warriors were already favored to win the 2017 NBA Finals championship, but their odds improved even more after...
More inNBA Articles  

NBA Team Pages

Advertisement