Micheal Legend is now among the list of world Billionaires recently published by Forbes magazine. He is among the 290 new billionaires who joined the list. The 52 year old holds the 513th richest person in the US with a net worth of an even $1.0 billion.
Forbes report that the greatest basketball player of all time whose cash comes from Nike payouts on his iconic brand. This brand grossed an estimated $2.25 billion in 2013, earning his Airness some $90m. But his most valuable asset is his stake in the Charlotte Hornets, worth more than $500m.
When ex-Microsoft CEO Steve Ballmer bought the Los Angeles Clippers for a stunning $2 billion, values of all NBA teams skyrocketed, creating three new billionaires. Jordan’s old boss Jerry Reinsdorf, owner of the Chicago Bulls, joined the list with a fortune of $1.3 billion, and Houston Rockets owner Leslie Alexander boosted his net worth to $1.6 billion.
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