Trending News|March 04, 2015 10:00 EST
Michael Jordan Net Worth News: Chicago Bulls Legend Added to Forbes Billionaires List
Six NBA championships, five MVPs, two Olympic Gold Medals, and now, one billion dollars"”that's the latest in the long list of accomplishments for the widely renowned greatest basketball player of all time, Michael Jordan, as Forbes recently included him in their world list of billionaires.
Jordan joins the list for the first time, riding the strength of his investment in the Charlotte Hornets. "His Airness" acquired the majority stake in the Hornets in 2010 for $175 million, and last June, Forbes listed Jordan's equity as owner the team at $416 million. That increase in value, along with his estimated net worth outside of the NBA franchise of $600 million, propelled him to the elite list.
Jordan is part of a record 290 newcomers to the Forbes billionaires list, despite world markets being marked by international turmoil in the past year.
Other NBA folk in the list include new Los Angeles Clippers owner Steve Ballmer, with a net worth of $21.5 billion, Houston Rockets owner Leslie Alexander and his $1.6 billion listed net worth, and Jordan's former employer, Chicago Bulls owner Jerry Reinsdorf, who also joins the list for the first time.
As noted by Yahoo Sports, other sports-related billionaires are Seattle Seahawks owner Paul Allen ($17.5 billion), Miami Dolphins owner Stephen Ross ($6.5 billion), New England Patriots owner Robert Kraft ($4.3 billion), and Dallas Cowboys owner Jerry Jones ($4.2 billion).
Close to 25 percent of this year's first-time billionaires come from China, which is credited with producing a world-leading 71 newcomers, according to Forbes. The United States came next with 57, with India and Germany rounding out the top four with 28 and 23, respectively.
Snapchat founders Booby Murphy an Evan Spiegel are the youngest newcomers to the list. The two famously turned down a $3 billion offer from Mark Zuckerberg for their disappearing photo app back in 2013.