And for the first time, you can add Michael Jordan to that list of the obscenely wealthy, at least if your definition of reaching that threshold is being a billionaire.
(As a thousandaire, we might cut it off differently, but still).
Jordan is — according to Forbes — a billionaire, earning that designation for the first time. He’s also the owner of the Charlotte Hornets (yes, they’re the Hornets again after being the stupid Bobcats for a while).
Not on the billionaire list, by the way: Craig Leipold, Zygi Wilf or any Pohlad, though Wolves owner (and Star Tribune owner) Glen Taylor is on there at $2.4 billion.
Per ESPN.com, there is speculation that Jordan makes $100 million a year in royalties from Nike, so that would explain a lot of his massive wealth.
And it does still make us wonder if Kevin Garnett — who has made more than $300 million in his NBA career — will really have the financial chops to own an NBA team.