Basketball legend Michael Jordan now a billionaire, joins Forbes list

That’s where all the Jordan shoes and apparel money goes. Are Jordan’s really worth it?

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In the new Billionaires List Forbes magazine released yesterday, 290 newcomers joined the list, including basketball great, Michael Jordan, 52. He’s now the 513th-richest person in the US with a net worth of an even $1.0 billion. Forbes report below;

http://http://www.forbes.com/sites/danalexander/2015/03/02/record-290-newcomers-join-forbes-billionaires-list-including-michael-jordan/

The most famous rookie on the billionaires list? 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…

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