Michael Jordan Is Officially A Billionaire

Forbes welcomed the legendary basketball player to their billionaire's club. 
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Forbes welcomed the legendary basketball player to their billionaire's club. 
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Michael Jordan is one of the 290 newcomers to on this year's Forbes ranking of the world's billionaires. Jordan, 52, came in at #1741 with an estimated net worth of $1 billion. Most of his fortune comes from Nike payouts ($90 million in 2013 alone), along with his $500 million stake in the Charlotte Hornets. No word on how his Space Jam royalties contributed to his first billion.

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The rankings also contained good news for Bill Gates, who's in the top spot for the second year in a row. Gates, with an estimated net worth of $79.2 billion, has topped the list for sixteen of the past twenty-one years.

The nineties will never end.

Photos by Associated Press