MJ tops trio of sports figures on Forbes’ wealthiest celebs list
NEW YORK: Forbes released its list of America’s 10 wealthiest celebrities on Tuesday, and sprinkled in with the directors and media moguls are a trio of names sports fans will easily recognise.
Though his Charlotte Hornets are 29th in Forbes’ list of NBA franchise values, owner Michael Jordan ( MJ) is the highest-rated sports figure on the list at No. 4.
According to Forbes, MJ’s net worth is US$ 1.7 billion, up US$ 300 million from 2017.
According to Forbes, Jordan’s worth is primarily “derived from his sneaker fortune and a 90 per cent stake in the increasingly valuable Charlotte Hornets. His stake in the basketball team is valued at an estimated US$ 800 million.”
Just behind His Airness but at little more than half the net worth ( US$ 900 million) is rapper and entrepreneur Jay-Z.
Forbes says the former Brooklyn Nets minority owner and founder of Roc Nation Sports agency saw his net worth climb US$ 90 million in the last 12 months.
Among Roc Nation’s clients are Giants rookie running back Saquon Barkley, two-time NBA Finals MVP Kevin Durant and Manchester United striker Romelu Lukaku.
Just making the list at US$ 800 million is golfer Tiger Woods.
His net worth is up US$ 50 million from 2017, according to Forbes.
Woods enjoyed his best season in years, winning the Tour Championship for his first Tour win since 2013 and finishing second in the PGA Championship. — Reuters