BALLIN OUTTA CONTROL

Michael Jordan hits the billion dollar mark – and LeBron gets PAID in the Beats By Dre sale.

They used to call him “Money”…and now MJ is rolling in it, after becoming a billionaire.

That’s according to Forbes magazine, which says the G.O.A.T. has increased his stake in the Charlotte Hornets from 80% to 89.5% over the last few months…and experts now value the team at around $625m.

Strip out the debt the club owes, and Jordan’s equity in the franchise is worth $416m.

Combine that with the $600m he already has from other ventures, and bingo – he’s in the billionaire club.

In February, Forbes estimated that Jordan made $90m in 2013 – that’s more than any athlete not named Floyd Mayweather, and a record year for the 6-time NBA chamption. It was all down to his shoe sales, which raked in a staggering $2.25bn…absolutely dwarfing the $300m LeBron’s kicks made.

jordan_xi_infrared23

The Air Jordan XI Low Infrared 23 drops this weekend, and will no doubt sell out instantly

Jordan sneakers are the hottest items in urban fashion – and each release causes pandamonium, as fans fight to get their hands on limited numbers.

This weekend the Air Jordan VI drops in cigar and champagne colourways…and the Jordan XI Low Infrared 23 also hits stores. All will likely sell out within minutes.

Meanwhile it’s being reported that LeBron James made $30m off the recent sale of Beats By Dre to Apple.

The 4-time MVP is understood to have taken a 1% stake in the company back in 2008, in exchange for promoting its high end headphones. Apple paid $3bn…meaning King James gets a right royal pay out.

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