Michael Jordan may want to consider changing his nickname to "His Billionaireness."
The NBA legend was named to Forbes' "World Billionaires" list for the second straight year Wednesday, with a net worth valued at $1.14 billion. He is the 1,577th-richest person on the planet and No. 486 in the United States. That marks an ascent of nearly 200 spots from 2015, when Jordan ranked 1,741st worldwide in his first appearance on the list.
Nearly half of Jordan's assets are tied to the Charlotte Hornets franchise. His 90 percent share is valued at around $500 million, which is likely a low estimate given the rapid rise in purchase figures for sports franchises. Given the fact Jordan's initial investment in the franchise was just $175 million, it's safe to say he made a smart investment.
Jordan is the only current or former athlete on the billionaires list. There are a number of team owners littering the list, though nearly all were independently wealthy before getting involved in sports.
Jordan's empire has been built in basketball. His wildly lucrative deal with Nike on the Jordan Brand shoes began in ...
Read Full Article at Bleacher Report - NBA
Article written by Tyler Conway
Michael Jordan Named to Forbes’ ‘World Billionaires’ List
March 2nd, 2016 by Tyler Conway Leave a reply »
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