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VOL. 130 | NO. 42 | Tuesday, March 03, 2015

Jordan, 2 Other NBA Owners Join Forbes' Billionaire List

AP

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NEW YORK (AP) Michael Jordan and two other NBA owners have reached new heights, making Forbes world list of billionaires.

Forbes released its list on Monday and noted that Jordan's net worth is estimated at $1 billion, thanks to his well-timed investment in the Charlotte Hornets.

Houston Rockets owner Leslie Alexander, with a net worth of $1.6 billion, and the Chicago Bulls owner Jerry Reinsdorf, worth $1.3 billion are also on the list. Jordan and Reinsdorf are newcomers to the list while Alexander returns for the first time since 2007.

The net worth of NBA franchise values increased this past year after the sale of Los Angeles Clippers to Steve Ballmer for $2 billion.

The 52-year-old Jordan, a Hall of Fame player who won six NBA championships with the Bulls, reached billionaire status last June, according to the magazine. This is his first year on Forbes' annual list which typically is released in March.

Jordan acquired the majority stake in the Hornets in 2010 for $175 million. Forbes last June listed Jordan's equity as owner of the Hornets is $416 million and his net worth outside of the team to be $600 million.

Topping the list of sports-related billionaires was Stanley Kroenke, who owns the NFL's St. Louis Rams. His net worth of $6.3 billion, which ranks him as the 225th richest person in the world.

He is one of 11 NFL owners on a list that include 20 billionaire sports figures.

Other NFL owners to make the list include Robert Kraft (Patriots, $4.3 billion), Jerry Jones, (Cowboys, $4.2 billion), Stephen Bisciotti (Ravens, $2.7 billion), Arthur Blank (Falcons, $2.5 billion), Robert McNair (Texans, $2.4 billion), Tom Benson (Saints, $1.9 billion), James Irsay (Colts, $1.75 billion), Daniel Snyder (Redskins, $1.7 billion), Alex Spanos (Chargers, $1.25 billion) and Jeffrey Lurie (Eagles, $1.1 billion).

See Forbes.com/billionaires for more complete list of sports-related billionaires.

Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 209 209 16,401
MORTGAGES 252 252 18,937
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 393 393 33,519
BANKRUPTCIES 124 124 10,861
BUSINESS LICENSES 57 57 5,255
UTILITY CONNECTIONS 102 102 11,446
MARRIAGE LICENSES 70 70 3,937

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