Michael Jordan's sale of the Charlotte Hornets has taken his net worth to around US$ 3.5 billion, making him the richest basketball player of all time.
The 60-year-old, who led the Chicago Bulls to six NBA titles and was a five-time MVP, recently relinquished his majority stake in the Hornets for US$3bn.
Jordan sold control of the team to a consortium led by Gabe Plotkin and Rick Schnall but the Hornets say he has retained a minority stake in the NBA team.
According to Bloomberg, whose Billionaires Index is calculating Jordan's fortune for the first time, Jordan is believed to have kept less than 5 percent of his stake after flogging 65 percent.
Jordan, widely considered the greatest NBA player in history, has built a commercial empire since he signed a deal with Nike in the 1980s.
[Source: Mail Online]
