Michael Jordan basketball team name

Basketball legend Michael Jordan has transformed into the only current billionaire just who shot to popularity as a professional athlete.

Forbes estimates that Jordan's equity as owner of NBA's Charlotte Hornets is $416million along with his web well worth outside of the group to be $600million.

It reported Jordan today owns 89.5 % associated with Hornets, which marks one more stake in group since he used just 80 %.

Jordan's spokeswoman, Estee Portnoy, verified that Jordan purchased an additional stake within the Hornets in January 2013, but wouldn't say simply how much.

Portnoy had no comment on if Jordan is a billionaire.

A six-time NBA winner with Chicago Bulls, Jordan received popularity and fortune on the baseball judge, plus through endorsements and flicks.

The 51-year-old became the majority owner of Hornets (previously the Bobcats) this season when he purchased down Bob Johnson's share for the group for 5million.

It's that group, and never the many athletic equipment or their infrequent film tasks having established him into the world of the incredibly wealthy.

A recently available assessment associated with the group predicted the Hornets can be worth $410million, but Forbes states that number is low-balling it somewhat taking into consideration the Milwaukee Bucks, long considered minimal valuable group into the NBA, marketed for $550million final thirty days.

Ulitmate slam dunk: Jordan made a title for himself regarding Chicago Bulls when you look at the 1990s

Forbes' specialists pits the Hornets' real value at somewhere between $600million and $625million, as soon as the cash he has spent on the team is subtracted out of their portion of that estimation then plus their unrelated earnings of $600million, the total would place him only a little over the billion-dollar level.

Technically Jordan isn't the very first professional athlete to attain billionaire status, but he is considered to be the only real person to presently hold that subject.

Padraig harrington was named as the initial recreations celebrity billionaire in '09 but that arrived two months before development of his cheating scandal smashed, which resulted in the increasing loss of a number of their sponsors- in addition to billionaire label with-it.