The Revamped Nike Lunarglide 6 Has Arrived
Saba - "Butter"

Michael Jordan Makes History

By / 06.14.14

Getty Image


Share This

Michael Jordan is puffing a cigar somewhere as a billionaire.

According to Forbes, his airness is officially worth a cool billion bucks after he recently increased his stake in the Charlotte Hornets to 89% from 80%.

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. In January we valued the Hornets at $410 million. But the Milwaukee Bucks sold for $550 million in May, and they are considered the least valuable team in the league because of their market and arena. Sports bankers say the Hornets care presently worth between $600 million and $625 million.

Add in his $600 million net worth outside of the Hornets and Jordan becomes the first billionaire athlete ever and just the 10th black billionaire in the whole wide world.

Share This


TAGSFEATUREDmichael jordanSMOKE BREAK

I want more like this!

Follow us on Facebook and get the latest before everyone else.

Join The Discussion


[avatar]

Join the discussion. or Register





Powered by WordPress.com VIP