The badketball Hall of Famer, shoe magnate & NBA owner Michael Jordan is officially the ONLY athlete in the billionaire’s club. Over the last few months Jordan increased his stake in the Charlotte Hornets (formerly the Bobcats) from 80% to 89.5%. Given the 2014 sale prices of the Milwaukee Bucks ($550 million) and the Los Angeles Clippers ($2 billion) it is now estimated Jordan’s Hornets are worth between $600 -$650 million. He initially became an investor in 2006 & the became the controlling owner in 2010 when he bought out Robert Johnson for $175 million. Congratulations are in order to MJ.
Written by: Brittney Haywood