Dre first & now Michael Jordan is a billionaire, is Hov next?

[atlbound]

Michael Jordan Is A Billionaire After Increasing Stake In Hornets

In February, my colleague and the Dean of athlete earnings, Kurt Badenhausen, pegged Jordan’s annual earnings at $90 million and his net worth at $750 million. But I have learned from sources familiar with the Charlotte Hornets that the former NBA great has increased his stake in his basketball team to 89.5% from 80% during the past several months.

Jordan first became an investor in the Hornets (then the Bobcats) in 2006 and became the controlling owner in 2010 when he bought out Robert Johnson for $175 million. In January we valued the Hornets at $410 million. But the Milwaukee Bucks sold for $550 million in May, and they are considered the least valuable team in the league because of their market and arena. Sports bankers say the Hornets care presently worth between $600 million and $625 million.

Our net worth figure for Jordan uses the $600 million figure. 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, we estimate his net worth outside of the Hornets to be $600 million, giving him a net worth of a $1 billion (Kurt and I discuss Jordan in video below).

Welcome to the billionaires club, Mr. Jordan.

Forbes : http://www.forbes.com/sites/mikeoza...illionaire-after-increasing-stake-in-hornets/



I think Hov waiting in the wings like

 

[gho3st]

Should have kept that 0.1608% stake in the nets

 

[86\*/98]

Well, if they accounted what he did with the raw....

 

[3rdWorld]

Hov running out of steam, Diddy more likely cause hes smarter, has better business sense and has more cash..

 

[kingdizzy01]

no way hov is next, i smell divorce on the horizon.

 

[Flay Mayweather]

Diddy, then birdman. Birdman is going to invest in some start ups and sell his stocks making him a billionaire.

He's going to do a presentation for the start up so expect fukkery

 

[BlackFruitPunch]

Whoever's the next biggest c00n.

 

[Tommy Knocks]

Nas Won Doe.

 

[TheDoc]

Nas, he jus launched his very own Motown

 

[Trillion]

T.I

 

[KENNY DA COOKER]

"being sacastic"

We all know it will be RICK ROSS!

remember he shared with yall his balance of 92 million dollars on that mastermind lp

and he gonna open up a WINGSTOP in Europe n1gga!!

 

[SpacelySprockets]

#SMSAudio #SK #Power #BMF #SKI:goat:

 

[scarhead]

On some off chance, like getting hit by a meteor type shyt (well actually higher than that).
Nas can low key get there.
I'm not even trolling.
Not from anything music related but I read in Fortune that he invested in a bunch of Silicon Valley start ups with Ben Horowitz of Andreessen Horowitz as his key adviser.
Nas cannot be trusted with his biz decisions but Ben Horowitz being in the picture changes a lot.
So there's a chance one of those start ups can blow up and do IPO.

Outside of that, more than likely, either Jay or Diddy.

 

[atlbound]

Nas can low key get there.
I'm not even trolling.

 

[Jhoon]

who cares? will any of these people share it with me? is a better question. this cheerleading is no different than conservatives cheering on some rich scum.