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

#1 702 Miami Heat  80%
#2 711 Denver Nuggets  75%
#3 709 Chicago Bulls  73%
#4 511 Milwaukee Bucks  72%
#5 706 Brooklyn Nets  72%
#6 504 Orlando Magic  71%
#7 507 Boston Celtics  68%
#8 509 Houston Rockets  67%

NBA Top Stories

Thumbnail Kings vs. Trail Blazers Pick Are the host Portland Trail Blazers going to dominate the Sacramento Kings on the second night of a home-and-home series? Tip-off is...
Thumbnail Bucks vs. Mavericks Pick Are the Milwaukee Bucks and host Dallas Mavericks going to play a game that...
Thumbnail Rockets vs. Grizzlies Pick Will the host Memphis Grizzlies wrap up the season series with the Houston Rockets with a win tonight when the two...
Thumbnail Celtics vs. Hawks Pick Are the Boston Celtics going to secure a 15th straight win and cover the spread tonight at the Atlanta Hawks? Game...
Thumbnail Warriors vs. 76ers Pick Are the Golden State Warriors going to cover the spread for the second time in as many weeks tonight versus the host Philadelphia 76ers? Tip-off is...

NBA Team Pages