The latest Billionaires List Forbes magazine released today, 290 newcomers joined the list, the list included basketball great, Michael Jordan, 52. He’s now the 513th-richest person in the US with a net worth of an even $1.0 billion. Forbes report below:
Michael Jordan, arguably the greatest basketball player of all time and indisputably the best-paid athlete of all time. Most of his cash comes from
Nike payouts on his iconic brand. The Jordan brand grossed an estimated $2.25 billion in 2013, earning his Airness some $90m.
But his most valuable asset is his stake in the Charlotte Hornets, worth more than $500m. When ex- Microsoft CEO Steve Ballmer bought the Los Angeles Clippers for a stunning $2 billion, values of all NBA teams skyrocketed, creating three new billionaires. Jordan’s old boss Jerry
Reinsdorf, owner of the Chicago Bulls, joined the list with a fortune of $1.3 billion, and Houston Rockets owner Leslie Alexander boosted his net worth to $1.6 billion.
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