We all saw this coming but now it is official, Michael Jordan is a billionaire after Forbes latest calculations.  The money from his Jordan Brand and the Charlotte Hornets, makes him paid in a major way. 

The increase of Michael Jordan's ownership of the Charlotte Hornets has pushed the legendary ball player over the top.  The value of MJ's NBA franchise increased after the sale of Los Angeles Clippers went for $2 billion.

Jordan Brand brings him $90 million annually.  Every time you purchase his shoes, you're helping him become wealthy.  We use to ask, 'Is it the shoes?'  Jordan says yes.

Congrats.