Categories: The GM's Suite

Welcome Michael Jordan To The Billionaires Club

Michael Jordan is continuing to set records long after he hung up #23 on the court. Forbes is reporting that Michael Jordan is now worth $1 Billion. How did MJ achieve that feat?

Jordan reportedly increased his stake in the Charlotte Hornets to 89.5% from 80%. The team’s current estimated value is at $600 million. Taking his 89% ownership and adding his $600 million net worth outside of the team, there’s your first athlete billionaire.

Jordan first invested in the franchise back in 2006 when the team was known as the Bobcats and owned by former BET head Robert Johnson.

 

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Jill Munroe

Jill Munroe is a Los Angeles-based host, producer, and writer. You can find her work on sites such as FoxSports.com, EURweb.com, and MSN.com. Munroe is a current member of the African-American Film Critics Association and the National Association of Black Journalists. Munroe has also been a frequent guest on ESPN radio and Yahoo Sports. In 2015, Munroe released her first book, "PostGame Pass: access into "the life" JillMunroe.com

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