Michael Jordan Joins Billionaire Club

Michael Jordan is now officially a billionaire, according to Forbes

Forbes estimated back in June that Jordan, 52, had joined the ranks of the billionaires after increasing his stake in the Charlotte Hornets — the franchise in which he purchased a majority interest for $275 million in March of 2010, back when they were the Bobcats — from 80 percent to 89.5 percent. On Monday, the magazine confirmed Jordan's status as one of the world's 290 new billionaires, which sure must represent a nice cherry on top of the Hornets' 98-83 Sunday win over the Orlando Magic for Charlotte's Hall of Fame boss

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