Baller Alert
  • Home
    • News
    • Entertainment
    • The Baller Alert Show
    • Baller Alert Lists
    • Baller Alert Exclusives
    • Let Me Liv
    • Ballerific Music
    • That’s Baller
    • Fashion
    • Metaverse
    • Tech
    • Lifestyle
    • Sports
    • Op-Ed
    • Travel
    • Health
  • EVENTS
  • Videos
  • Shop
  • About
  • Political News
  • en español
No Result
View All Result
  • Home
    • News
    • Entertainment
    • The Baller Alert Show
    • Baller Alert Lists
    • Baller Alert Exclusives
    • Let Me Liv
    • Ballerific Music
    • That’s Baller
    • Fashion
    • Metaverse
    • Tech
    • Lifestyle
    • Sports
    • Op-Ed
    • Travel
    • Health
  • EVENTS
  • Videos
  • Shop
  • About
  • Political News
  • en español
No Result
View All Result
Baller Alert
No Result
View All Result

Michael Jordan Becomes A Billionaire After Increasing Stake In Charlotte Hornets

by Eleven8
October 5, 2016
Reading Time: 1 min read
0
Share on FacebookShare on Twitter

As if you spending $300 on a pair of his sneakers didn’t already do it, Michael Jordan has recently hit billionaire status, another reason for you to want to be like Mike.

Over the last few months Jordan increased his stake in the Charlotte Hornets from 80% to 89.5%. Crazy thing is, Jordan’s Nike brand topped $1 billion in annual revenue for the first time in 2009 and thanks to people like myself, those numbers continue to increase. 

Check out how MJ arrives at his billionaire mark below.  

Via Forbes

Jordan first became an investor in the Hornets (then the Bobcats) in 2006 and became the controlling owner in 2010 when he bought out Robert Johnson for $175 million. Sports bankers say the Hornets are presently worth between $600 million and $625 million. The Milwaukee Bucks sold for $550 million in May, and they are considered the least valuable team in the league.

Our net worth figure for Jordan uses the $600 million figure. 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.

Share this:

  • Click to share on X (Opens in new window) X
  • Click to share on Facebook (Opens in new window) Facebook
  • Click to share on Mastodon (Opens in new window) Mastodon
  • Click to share on Reddit (Opens in new window) Reddit
  • Click to share on X (Opens in new window) X
  • Click to share on WhatsApp (Opens in new window) WhatsApp
  • Click to share on Tumblr (Opens in new window) Tumblr
  • Click to email a link to a friend (Opens in new window) Email
  • Click to share on Pinterest (Opens in new window) Pinterest

Like this:

Like Loading...

Discover more from Baller Alert

Subscribe to get the latest posts sent to your email.

Related Posts

RFK Jr. Says He’ll Ban Government Scientists From Publishing in “Corrupt” Top Medical Journals
News

RFK Jr. Says He’ll Ban Government Scientists From Publishing in “Corrupt” Top Medical Journals

May 28, 2025

In a disheartening announcement, Health and Human Services Secretary Robert F. Kennedy Jr. said the government will stop publishing in...

Study Shows COVID-19 Vaccination Can Temporarily Change Menstrual Cycles
News

CDC Pulls Back on Covid Shot Guidance for Healthy Kids and Pregnant Women

May 28, 2025

In a move that caught much of the medical world off guard, the CDC has stepped back from recommending Covid-19...

Andrew Tate's Bucharest Homes Raided Amid New Human Trafficking and Underage Sex Allegations
News

UK Charges Andrew Tate and Brother With Multiple Offenses, Including Rape and Human Trafficking

May 28, 2025

Andrew and Tristan Tate are now facing criminal prosecution in the UK for a series of serious offenses tied to...

NB.1.8.1 COVID Variant Spreads in U.S. as Booster Access Gets Tighter
News

New COVID Variant NB.1.8.1 Is Spreading Fast—And the Government’s Cutting Back Vaccine Access

May 28, 2025

A new COVID-19 variant, known as NB.1.8.1, is officially in the U.S., and it’s spreading quickly. First spotted in travelers...

Next Post

Are Kanye & Jay Z Beefing? Kanye Drops Jay's Name From His Lyrics (Video)

Leave a ReplyCancel reply

Baller News

Subscribe To Our Newsletter

* indicates required

Follow Us

Subscribe to Blog

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

© Copyright 2024, Baller Alert Inc. All Rights Reserved

No Result
View All Result
  • Home
    • News
    • Entertainment
    • The Baller Alert Show
    • Baller Alert Lists
    • Baller Alert Exclusives
    • Let Me Liv
    • Ballerific Music
    • That’s Baller
    • Fashion
    • Metaverse
    • Tech
    • Lifestyle
    • Sports
    • Op-Ed
    • Travel
    • Health
  • EVENTS
  • Videos
  • Shop
  • About
  • Political News
  • en español
%d