Michael Jordan joins Forbes' billionaire list
Michael Jordan can add a new title to his name: billionaire.
Jordan was among 290 people added to Forbes' 2015 list of billionaires, ranking as the 1,741st richest person in the world.
The Chicago Bulls legend and NBA Hall of Famer, who has an estimated net worth of $1 billion, was the most prominent sports figure to be added to the annual list, which is packed with owners from a number of pro sports teams.
Forbes says the Charlotte Hornets owner makes the majority of his money off his Jordan brand, which grossed an estimated $2.25 billion in 2013 - earning the six-time champion $90 million.
Jordan's 89-percent stake in the Hornets, however, is his most valuable asset.
Values of all NBA franchises skyrocketed, according to Forbes, when ex-Microsoft CEO Steve Ballmer bought the Los Angeles Clippers for a whopping $2 billion.
The Hornets were valued at $275 million when Jordan bought an 80-percent stake in 2010, but Forbes now estimates the franchise to be worth more than $700 million.
Ballmer is the richest of all pro sports owners, and the 35th wealthiest person in the world with a net worth of $21.5 billion.