Michael Jordan makes cut on billionaire list

Michael Jordan spent most of his NBA career in rarified air. Now as part owner of the Charlotte Hornets, the six-time NBA champion has entered the stratosphere.

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Forbes has revealed its annual World's Billionaires List and the former Chicago Bulls star and arguably the greatest player in history made the list for the first time. With a net worth of $1 billion, Jordan qualifies as the 1,741st richest person in the world, according to the magazine.

Thanks to his contract with Nike, Jordan's bank account grew by about $90 million last year. But the 52-year-old's most valuable asset is the Hornets, which grew in value by $500,000.

The list is littered with other sports owners as well as Nike chairman Phil Knight, who comes in on the list ranked 35th with a net worth of $21.5 billion. Tied with Knight on the list is Los Angeles Clippers owner Steve Ballmer.

Paul Allen, owner of the Seattle Seahawks and Portland Trail Blazers is the 51st richest person in the world with a net worth of $17.5 billion.



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