By Chrysanthus Ikeh
NBA legend, Micheal Jordan, arguably the greatest Basketball player of all time, has become the first billion dollar sports personality in the world.
According to the new Forbes billionaires list released on Monday, March 2, 2015, the 53-year old was among the 290 newcomers who joined the billionaires list.
Forbes had estimated back in June that the former Chicago Bulls player joined the ranks of the billionaires after increasing his stake in the Charlotte Hornets, the franchise regarding which he purchased a majority interest for $275 million in March of 2010, back when they were known as the Bobcats from 80 percent to 89.5 percent.
‘Most of his cash also comes from Nike payouts on his iconic brand. The Jordan brand grossed an estimated $2.25 billion in 2013, earning his Airness some $90 million. But his most valuable asset is his stake in the Charlotte Hornets, worth more than $500 million,’ Forbes said.
Jordan, who started his professional career with Chicago Bulls in 1984, retired in 2003 at Washington Wizards with multiple awards to prove his successful Basketball career.
