Summary:
The former Chicago Bulls star is reported to be worth more than $600m (£390m) and has bought a stake in the Charlotte Hornets.

Full article:
By . David Kent . Basketball legend Michael Jordan has reached billionaire status. Forbes Magazine estimates that Jordan's equity as owner of the NBA's Charlotte Hornets is $416million and his net worth outside of the team to be $600million. It reported Jordan now owns 89.5 per cent of the Hornets. Jordan's spokeswoman, Estee Portnoy, confirmed that Jordan purchased an additional stake in the Hornets in January 2013, but wouldn't say how much. VIDEO Scroll down to watch Michael Jordan sink a stunning chip during a golf match . Ulitmate slam dunk: Jordan made a name for himself on the Chicago Bulls in the 1990s . Champion: Jordan was a six-time NBA winner with Chicago Bulls . Portnoy had no comment on whether or not Jordan is a billionaire. A six-time NBA champion with Chicago Bulls, Jordan earned fame and fortune on the basketball court, as well as through endorsements and movies. The 51-year-old became the majority owner of the Hornets (formerly the Bobcats) in 2010 when he bought out Bob Johnson's share of the team.