*NBA icon Michael Jordan’s wealth of $3 billion has earned him a place among the Forbes 400.
Jordan, 60, becomes the first professional athlete to join the ranks of America’s 400 wealthiest people, according to Forbes magazine in an article published Monday. Following the recent sale of his majority stake in the Hornets, Jordan has a net worth of $3 billion. He bought the franchise for $275 million in 2010.
The Forbes 400 list also includes Tesla CEO Elon Musk (No. 1, with a net worth of $251 billion) and Amazon.com founder Jeff Bezos (No. 2, with a wealth of $161 billion.) Jordan is No. 379 on the list.
Meanwhile, former President Donald Trump has dropped off Forbes’ list of the 400 wealthiest Americans, The Daily Beast reports.
“With an estimated $2.6 billion fortune, he is $300 million shy of the cutoff,” Forbes wrote Tuesday. Scroll down to watch the video report for more on Trump falling off the Forbes 400 list.
Most recently, Jordan’s daughter Jasmine Jordan said her father would be worth TRILLIONS had NIL deals been in place during his heyday as a student-athlete.
NIL stands for name, image, and likeness. NIL legislation allows college athletes to be paid for their autographs, their own branding and merchandise, promoting products, and appearing at events.
“Maybe that first Nike deal wouldn’t have been as low as it was,” Jasmine said of MJ’s contract with the footwear giant in an interview with Footwear News. “It would have changed the game. He would have potentially approached his contracts with Nike differently. Looking at his Funko Pop collectibles or the fact that people still wear his UNC jersey, to reap the benefits from it today, we’re talking making trillions at this point.”
Jasmine serves as the basketball field rep for women’s sports marketing at Jordan Brand, Black Enterprise reports. She is hoping to empower women athletes to take advantage of the new-age benefits of NIL deals.
“I’m constantly drilling that into young athletes because I never want an athlete to feel deceived. Also, NIL can really just be college. You don’t have to enter your pro years with a brand. That allows you to either focus solely on college or it allows for longevity entering the pro years,” Jordan continued.
Watch the video below for more on Donald Trump falling off the Forbes 400 … again!
READ MORE: Scottie Pippen Has Surprising Response to His Ex-Wife Dating Michael Jordan’s Son
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