Jordan, 2 other NBA owners join Forbes' billionaire list

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NEW YORK (AP) -- Michael Jordan and two other NBA owners have joined Forbes' annual list of the world's billionaires.

Forbes released its list of billionaires on Monday and noted that Jordan's net worth is estimated at $1 billion, thanks to his well-timed investment in the Charlotte Hornets.

Houston Rockets owner Leslie Alexander, with a net worth of $1.6 billion, and the Chicago Bulls owner Jerry Reinsdorf, worth $1.3 billion, also made the list.

The net worth of NBA franchise values increased this past year after the sale of Los Angeles Clippers to Steve Ballmer for $2 billion.

The 52-year-old Jordan, a Hall of Fame player who won six NBA championships with the Bulls, reached billionaire status last June, according to the magazine. This is his first year on Forbes' annual list which typically is released in March.

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Jordan, 2 other NBA owners join Forbes' billionaire list
Basketball pro Michael Jordan. (Photo by Steve Kagan//Time Life Pictures/Getty Images)
Michael Jordan (Photo by Steve Grayson/WireImage)
Michael Jordan (Photo by Steve Granitz/WireImage)
Michael Jordan (Photo by Steve Grayson/WireImage)
UNITED STATES - MARCH 19: Michael Jordan (Photo by The LIFE Picture Collection/Getty Images)
26 Oct 1994: Michael Jordan of the Scottsdale Scorpions looks on during an Arizona Fall League game.
1988-1989: Guard Michael Jordan of the Chicago Bulls (center) goes up for two. Mandatory Credit: Mike Powell /Allsport
Chicago Bulls All-Star forward # 23 Michael Jordan file photos. (Photo by Tom Berg/WireImage)
Michael Jordan during 2005 Michael Jordan Classic Basketball Game - April 16, 2005 in New York City, New York, United States. ***Exclusive*** (Photo by Johnny Nunez/WireImage)
9 Feb 1997: Guard Michael Jordan of the Chicago Bulls looks on during the NBA All-Star game. Mandatory Credit: Brian Bahr /Allsport
Charlotte Bobcats team owner Michael Jordan smiles as the students cheer during his introduction at Vance High School on Thursday, March 21, 2013. Bobcats Sports and Entertainment, along with FOX Sports Carolinas/Sports South announced a $200,000 donation to Y Achievers, a YMCA of Greater Charlotte program that operates in partnership with Charlotte-Mecklenburg Schools. (Jeff Siner/Charlotte Observer/MCT via Getty Images)
Michael Jordan (Photo by Shareif Ziyadat/FilmMagic)
Former professional US basketball player Michael Jordan delivers a press conference at the Palais de Tokyo in Paris on June 12, 2015 to present Palais 23, an event at the Palais de Tokyo from June 12 to 14 to celebrate the 30th anniversary of Jordan Brand. AFP PHOTO / PATRICK KOVARIK (Photo credit should read PATRICK KOVARIK/AFP/Getty Images)
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