Forbes: Michael Jordan Is A Billionaire After Increasing Stake In Hornets*~

In an article published today, Forbes' Michael Ozanian projects that Michael Jordan is now a billionaire due to the increasing value of NBA franchises. Forbes' net worth figure for Jordan uses the $600 million figure. The Hornets have $135 million of debt, which makes Jordan’s equity in the team worth $416 million. After subtracting all the cash Jordan has invested in the team, they estimate his net worth outside of the Hornets to be $600 million, giving him a net worth of a $1 billion. With this news, the Charlotte Hornets officially being re-branded and word of Jordan retro's seeing another price hike, 2015 could be MJ's best year financially.