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

#1 505 New York Knicks  66% Bet Now
#2 508 Chicago Bulls  64% Bet Now
#3 503 Miami Heat  58% Bet Now
#4 502 Orlando Magic  55% Bet Now

NBA Top Stories

Thumbnail NBA 2016-17 MVP Odds Will Stephen Curry make a run at a third straight NBA MVP honor, or will someone else push him for the crown? Get a...
Thumbnail Lottery pick to begin pro career as reserve The Lakers stumbled to a 17-65 finish in 2015-16. Yet that doesn’t mean they’re willing to just hand over the keys to the No. 2 overall pick in June’s NBA draft.
More inNBA Articles  

NBA Team Pages