NBA legend Michael Jordan has reached a new milestone in his entrepreneurial career as the first professional athlete to be ranked among America’s 400 wealthiest people, according to Forbes.
Jordan enters the Forbes 400 list at number 379 having sold his majority stake in the Charlotte Hornets earlier this year. Forbes estimates that the basketball hall of famer’s net worth is $3 billion. He earned billionaire status in 2015, partly through his endorsement deal with Nike, but also through lucrative contracts with Hanes, Gatorade and Upper Deck.
Considered by many to be the greatest basketball player of all time, he retired for the final time in 2003 after two seasons with the Washington Wizards. Having bought the Hornets for about $275 million in 2010, Jordan sold his majority ownership stake in June to a group led by Gabe Plotkin and Rick Schnall – propelling him onto the Forbes 400 list – but retained a minority stake in the team.
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