M.J. THE FIRST BLACK ATHLETE TO BECOME A "BILLIONARE!"

01/23/2015

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Michael Jordan, Not Only Is The First Black Athlete To Become a Billionaire, But The "Only" Athlete Who Became a Billionaire.,
 Jordan owns 89.5 per cent of the Charlotte Hornets NBA team which is believed to be worth more than $600 million 
Combined with his other earnings, that hypothetical profit margin would put him over the $1 billion mark.

Michael Jordan, The Best, If Not The Greatest Basket Ball Player Ever, Who Became The Worlds First Athlete That Became a $Billionaire.,
Michael Jordan becomes the only billionaire professional athlete after increasing his ownership stake in the Charlotte Hornets Basketball team...
Here's the reason why Micheal Jordan was the Greatest basketball player who had ever to played the game! No one could match his skill, and he was far too smart with tremendous brain power added to his basketball skill talent. Even Charles Barkley was a bit "Jealous" of Michael Jordan as well. Micheal Jordan actual became his own coach of the Chicago Bulls! That is absolutely amazingly remarkable.
Basketball legend Michael Jordan has become the only current billionaire who shot to fame as a professional athlete. 
Forbes estimates that Jordan's equity as owner of the NBA's Charlotte Hornets is $416million and his net worth outside of the team to be $600million. 
It reported Jordan now owns 89.5 per cent of the Hornets, which marks an additional stake in the team since he previously owned just 80 per cent. 
Jordan's spokeswoman, Estee Portnoy, confirmed that Jordan purchased an additional stake in the Hornets in January 2013, but wouldn't say how much. 
Portnoy had no comment on whether or not Jordan is a billionaire. 
A six-time NBA champion with Chicago Bulls, Jordan earned fame and fortune on the basketball court, as well as through endorsements and movies. 
The 51-year-old became the majority owner of the Hornets (formerly the Bobcats) in 2010 when he bought out Bob Johnson's share of the team for $175million.
It is that team, and not the various athletic gear or his infrequent film projects that have launched him into the realm of the extremely wealthy. 
A recent evaluation of the team predicted that the Hornets are worth $410million, but Forbes states that number may be low-balling it a bit considering the Milwaukee Bucks, long considered the least valuable team in the NBA, which sold for $550million.

Forbes' experts pits the Hornets' true value at somewhere between $600million and $625million, and once the money he has spent on the team is subtracted out from his portion of that estimate then coupled with his unrelated earnings of $600million, the total would put him just slightly above the billion-dollar mark. 
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