NBA

Forbes says Hornets owner Jordan now a billionaire

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The Canadian Press
6/12/2014 7:20:17 PM
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CHARLOTTE, N.C. - 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 per cent 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.

Michael Jordan (Photo: Kent Smith/NBAE via Getty Images)

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(Photo: Kent Smith/NBAE via Getty Images)
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