According to reports by Forbes
Basketball legend Michael Jordan is ‘now a billionaire’ he recently raised his stake in the Charlotte Hornets from from 80% to 89.5%.
Jordan first became an investor in the Hornets (then the Bobcats) in 2006 and became the controlling owner in 2010 when he bought out Robert Johnson for $175 million.
After subtracting all the cash Jordan has invested in the team, we estimate his net worth outside of the Hornets to be $600 million, giving him a net worth of a $1 billion