Magic Johnson to Michael Jordan: 'Can I borrow some money?'

1:31 | NBA
How Michael Jordan made his billion
Tuesday March 3rd, 2015

Make Forbes' billionaires list, and suddenly old friends come out of the woodwork.

For Michael Jordan, that apparently includes Magic Johnson.

What a nice sentiment. Then the other shoe dropped.

So do we, Magic. So do we.

Forbes estimated Jordan's net worth at $1 billion in its latest list, which was released Monday, noting "most of his cash comes from Nike payouts on his iconic brand." The Jordan brand grossed an estimated $2.25 billion in 2013, and Jordan reportedly netted about $90 million.

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His stake in the Charlotte Hornets is his most valuable asset, as the team is worth more than $500 million. A season after making the playoffs for the first time since 2009-10, the Hornets unveiled their rebranding that ditched the "Bobcats" nickname and resurrected the team's beloved purple, teal and white color scheme.

Entering Tuesday, Charlotte was a half-game out of the Eastern Conference playoff race.

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As for Magic? He is, of course, doing just fine himself. According to a December story in Fortune, his net worth is about $500 million.

Mike Fiammetta

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