Michael Jordan’s Net Worth Now $1 Billion

Michael Jordan is now worth over $1 Billion. Forbes made the announcement earlier today after they pegged his annual earning close to $90 Million at the beginning of this year. So how did MJ earn his fortune? Well, it didn’t necessarily come directly from playing basketball, but being the best to ever lace up a pair of signatures definitely played a roll in all of this. Kurt Badenhausen, Dean of athlete earnings at Forbes, found that Mike increased his stake in the now Charlotte Hornets nearly 10% within the last year to reach an 89.5% majority owner stake. And despite the Hornet’s current $135 million, which Jordan looks to change in the near future thanks to fielding a better team, increasing Jordan Brand sales and a plethora of new Hornets merchandise since the name change, he’s the newest member of the billionaire club. Congrats, Mike. What do you think of Michael Jordan joining the ranks of billionaire status? Stay tuned for more Michael Jordan news right here on Jordans Daily.

Source: Forbes