Michael Jordan Is A Billionaire After Increasing Stake In Hornets

Posted Jun 13, 2014
The Charlotte Hornets have $135 million of debt, which makes Michael Jordan’s equity in the team worth $416 million. After subtracting all the cash Jordan has invested in the team, we estimate his net worth outside of the Hornets to be $600 million, giving him a net worth of a $1 billion. Welcome to the billionaires club, Mr. Jordan. (Forbes)

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