Michael Jordan

By Black Men In America.com Staff

According to Forbes magazine, Michael Jordan is a billionaire.  Sources familiar with the Charlotte Hornets report that Jordan has increased his stake in his basketball team to 89.5% from 80% during the past several months.

Jordan became the controlling owner in the Hornets in 2010 when he bought out then owner Robert Johnson for $175 million.  The Hornets are reportedly worth between $600 million and $625 million.

Forbes estimates Jordan’s net worth in the neighborhood of $600 million.  The Hornets have $135 million of debt, which makes Jordan’s equity in the team worth $416 million.  After subtracting all the cash Jordan has invested in the team, sources at Forbes magazine estimate Jordan’s net worth outside of the Hornets to be $600 million, giving him a net worth of a $1 billion dollars.

Floyd Mayweather

In other athlete news, Floyd “Money” Mayweather, Jr. banked at least $25 million for each of his past nine bouts going back to 2007 when he defeated Oscar De La Hoya in the most watched fight in the history of boxing pay-per-view events.  Mayweather has earned almost $400 million since turning pro in 1996.

Mayweather earned $105 million during the past 12 months for 72 minutes of work in the ring for fights against Canelo Alvarez and Marcos Maidana putting him at the top of Forbes’ annual list of the world’s highest-paid athletes for the second time in three years.

Photo Credit:  Michael Jordan (cbssports.com), Floyd Mayweather (Sports Illustrated.com)

Black Men In America.com Administrator
Black Men In America.com is a popular website with a focus on black men. Approximately 45% of our site visitors are women. According to Alexa Internet and Ranking.com, Black Men In America.com is consistently ranked as one of the Top 10 most popular web sites (online community) on the Internet in the Ethnic/African/African-American category. Although our focus is on black men, we welcome all people, points of views and perspectives. Please do not use this site to post or transmit any unlawful, threatening, abusive, libelous, defamatory, obscene, vulgar, pornographic, profane or indecent information of any kind, including without limitation any transmissions constituting or encouraging conduct that would constitute a criminal offense, give rise to civil liability or otherwise violate any local, state, national or international law. You alone are responsible for the material you post.
×
Black Men In America.com Administrator
Black Men In America.com is a popular website with a focus on black men. Approximately 45% of our site visitors are women. According to Alexa Internet and Ranking.com, Black Men In America.com is consistently ranked as one of the Top 10 most popular web sites (online community) on the Internet in the Ethnic/African/African-American category. Although our focus is on black men, we welcome all people, points of views and perspectives. Please do not use this site to post or transmit any unlawful, threatening, abusive, libelous, defamatory, obscene, vulgar, pornographic, profane or indecent information of any kind, including without limitation any transmissions constituting or encouraging conduct that would constitute a criminal offense, give rise to civil liability or otherwise violate any local, state, national or international law. You alone are responsible for the material you post.
0

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.