Michael Jordan is the latest billionaire on the block.
According to the new list of Billionaires List by Forbes magazine, 290
newcomers joined the list and Michael happens to be the 513th-richest person in
the US according to Forbes latest ranking. 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 $90m. But his most valuable asset is his stake in the Charlotte Hornets,
worth more than $500m. 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.
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