Saturday 14 June, 2014

Michael Jordan Reportedly Has Become a Billionaire – FORBES


Forbes recently reported that Michael Jordan has become a billionaire through his increased stake from 80% to 89.5% in the Charlotte Hornets Team. Analysts estimated the Hornets who are currently valued at between $600 million to $625 million USD using stats from when the Milwaukee Bucks were sold for $550 mill in May this year. […]


Forbes recently reported that Michael Jordan has become a billionaire through his increased stake from 80% to 89.5% in the Charlotte Hornets Team. Analysts estimated the Hornets who are currently valued at between $600 million to $625 million USD using stats from when the Milwaukee Bucks were sold for $550 mill in May this year. Although the Hornets have around $130 million of estimated debt, that makes Jordan’s equity with the team worth $417 million USD, it’s been estimated that his net value without the Team has reached $600 million USD, providing him an on-paper net worth of $1 billion USD.
Well done Mr Jordan.


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