From rings to riches, Michael Jordan just became a Billionaire landing on Forbes ranking Billionaires list.
From Endorsements in the 90’s to having the Air Jordan line on lock, Michael Jordan ranks as 1,741st richest person in the world.
Nearly 25% of this year’s first-time billionaires hail from China, which produced a world-leading 71 newcomers. The United States came in second, with 57, followed by India, with 28, and Germany, with 23.
“The most famous rookie on the billionaires list? 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 $90 million. But his most valuable asset is his stake in the Charlotte Hornets, worth more than $500 million. 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.”