Michael Jordan : Former NBA joins Forbes’ list of billionaires

Michael Jordan : Former NBA joins Forbes' list of billionaires

Michael Jordan may be Chicago’s and the world’s greatest basketball player, but he is a newbie to the Forbes 2015 ranking of billionaires published Monday.

Technically Jordan became a billionaire in June, according to Forbes, after reportedly increasing his stake in the Charlotte Hornets from 80 percent to 89.5 percent.

Jordan became the controlling owner in the NBA franchise in 2010 and that franchise now accounts for nearly half his worth, with Forbes valuing that at $500 million. That figure rose thanks in part to Microsoft owner Steve Ballmer purchasing the Los Angles Clippers for $2 billion, which Forbes said “skyrocketed” the value of the other 29 NBA franchises.

That included Jerry Reinsdorf’s Chicago Bulls. The longtime Bulls (and White Sox) owner also appeared on the list for the first time, with a fortune of $1.3 billion.