Michael Jordan might have a reason to pop the champagne or even light up one of his famous cigars: For the first time, he cracked Forbes’ billionaires list.
Forbes explains why they now value His Airness’ assets at over $1 billion:
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 $90 million. But his most valuable asset is his stake in the Charlotte Hornets, worth more than $500 million. When ex-Microsoft MSFT +0.07% CEO Steve Ballmer bought the Los Angeles Clippers for a stunning $2 billion, values of all NBA teams skyrocketed, creating three new billionaires.
The other men whose net worth theoretically increased to over the billion dollar mark according to Forbes are Bulls owner Jerry Reinsdorf and Rockets owner Leslie Alexander.
Though we do not have access to Jordan’s financial statements (obviously), this surely helps explain why he would have enough money to think about creating his own golf course.
