According to reports by Forbes, NBA icon Michael Jordan is now an official billionaire. It’s partly due to our obsessive Retro Jordan purchases but really he recently raised his stake in the Charlotte Hornets from from 80% to 89.5%.

Financial analysts estimate that the team is worth $600 million to $625 million in total. MJ’s stake in the team is said to be worth $416 million and his other assets range near $600 million thus giving him the official billionaire status.

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