Michael Jordan At Bottom Of Sports Billionaires List

Placement proves that fame does not equal fortune

(Image: File)
(Image: File)

So many aspire to be a celebrity or an athlete simply because the words “fame” and “fortune” are typically conjunctive in a statement. But the words fame and fortune being joined together regularly does not make them synonymous any more than a husband is to a wife. This rings true in the case of Michael Jordan being referred to as “the most famous rookie on the billionaires list” by Forbes. After further scrutiny of the list, you see Jordan is also the least rich of the sports billionaires on the list.

[Related:  Michael Jordan Most Famous New Billionaire in the World]

Jordan’s wealth rose to an even $1 billion last year due to an equity stake in the NBA Charlotte Hornets team, according to Forbes. The former superstar-athlete turned businessman debuted on the list at number 1174 out of 1826 billionaires in the world, and as the 20th sports billionaire out of 20, according to AP.

At the top of the sports billionaires list is NBA Clippers team owner Steve Ballmer whose wealth is listed as $21.5 billion, according to AP. Ballmer’s wealth also makes him the 35th wealthiest person in the world, according to Forbes.

In other rankings, it is imperative to note that Jordan is also only one of only eleven black billionaires throughout the world on the Forbes list. Others include Nigerian energy magnate Femi Otedola and Angolan investor Isabel dos Santos.

Here is the AP list of sports-related billionaires by name (affiliation), net worth and worldwide rank in terms of net worth:

Steve Ballmer (Clippers), $21.5 billion, 35

Paul Allen (Seahawks), $17.5 billion, 51

Stephen Ross (Dolphins), $6.5 billion, 216

Stanley Kroenke (Rams), $6.3 billion, 225

Robert Kraft (Patriots), $4.3 billion,381

Jerry Jones (Cowboys), $4.2 billion, 393

Bernard Ecclestone (Formula One), $3.9 billion, 435

Stephen Bisciotti (Ravens), $2.7 billion, 690

Arthur Blank (Falcons), $2.5 billion, 737

Robert McNair (Texans), $2.4 billion, 782

James France (NASCAR), $2.1 billion, 894

Tom Benson (Saints, Pelicans), $1.9 billion, 1006

James Irsay (Colts), $1.75 billion, 1105

Daniel Snyder (Redskins), $1.7 billion, 1118

Leslie Alexander (Rockets), $1.6 billion, 1190

John Henry (Red Sox, Liverpool Soccer), $1.6 billion, 1190

Frank Fertitta (Ultimate Fighting), $1.5 billion, 1250

Lorenzo Fertitta (Ultimate Fighting), $1.5 billion, 1250

Arturo Moreno (Billboards), $1.5 billion, 1250

Jerry Reinsdorf (Bulls), $1.3 million, 1415

Alexander Spanos (Chargers), $1.25 billion,1500

Jeffrey Lurie (Eagles), $1.1 billion, 1638

Michael Jordan (Hornets), $1 billion, 1741



3 Responses to Michael Jordan At Bottom Of Sports Billionaires List

  1. Rose says:

    Congrats to him for making it that is a dream for many of us but thanks Black enterprise because we should never settle lets break some records. I just saw that Popeye’s stock is up and we eat it by the barrel full but how many of us own any shares of Popeye’s?

  2. Jamal Jackson says:

    Thank you for this piece, however I am a little confused at this article. How does MJ being placed at the bottom of a sports BILLIONAIRES list prove the point that fame does not equal fortune? He is still on the Forbes BILLIONAIRE list. Not only that, he is one of only 20 sports billionaires on the list AND one of only eleven Black billionaires on the list. Jordan has not played basketball since 2003 and over 10 years later he is on the billionaires list. And let’s not forget that over 10 years later he is re-releasing shoes at double the price that they were when he played in the NBA, with annual shoe sales being $2.5 billion. That is due in large part to his fame… Jordan makes $80 million a year based off deals he entered into back in the 90’s, if that is not fortune, I don’t know what is.

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