The NBA legend crosses the magical mark but who does he join?
He made plenty of history on the court and it seems Michael Jordan can’t stop it off the court either.
The former NBA legend has increased his personal wealth to more than $1 billion according to the latest report from Forbes after he increased his majority ownership stake in the Charlotte Hornets from 80 percent up to 89.5
“Our net worth figure for Jordan uses the $600 million figure,” Forbes’ Mike Ozanian said.
“Sports bankers say the Hornets are presently worth between $600 million and $625 million.
“The Hornets have $135 million of debt, which makes 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.”
However, Jordan is five years too late to become the first athlete to be worth a billion dollars with that honour going to Tigers Woods.
“Forbes has been tracking athlete earnings since before Tiger turned pro,” Forbes said.
“Woods had earned a cumulative $895 million going into 2009, by our estimates, from prize money, appearance fees, endorsements, bonuses and his golf course design business.
“If you add his $10.5 million in 2009 prize money, the FedEx bonus and his take so far this year from his more than $100 million in annual off-the-course earnings, Woods’ career earnings are now 10 figures.”
Not bad work if you can get it, where do we sign up?