Three hundred and fifty million dollars! That's the amount Forbes claim Michael Jordan added to his immense fortune in the past 12 months, up from an already-staggering $1.3 billion to a jaw-dropping $1.65 billion. That figure makes Jordan the 1477th wealthiest person in world according to Forbes' rankings – a jump of 90 places since this time last year.
Key to Jordan's sizeable growth is the rising value of the Charlotte Hornets, which Jordan purchased in 2010 for $175 million. A recent valuation put the team's worth at $1.05 billion. Jordan still owns roughly 90 per cent of the team. Also key to his rising wealth is the ongoing success of Jordan Brand. Now, excuse us, we're off to brush up on our ball skills!