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*Michael Jordan’s bank account just surpassed the $1 billion mark.

The NBA legend is now the 513th-richest person in the United States with a net worth of an even $1.0 billion, according to reports.

The skyrocketing values of NBA franchises is the main reason for his new billionaire status. He owns the Charlotte Hornets, which saw its value increase from $410 million last year to $725 million this year in the wake of the Los Angeles Clippers’ $2 billion sale to Steve Ballmer.

Jordan’s stake in the team is worth $500 million, according to Forbes.

Source Eurweb.com