(Yahoo Sports) Somebody prep LeBron James’ Mirror of Somber Introspection — as it turns out, he won’t accomplish his long-since-established goal of becoming the first billionaire athlete. He’s been beaten to the top of that particular mountain of cash by — who else? — Michael Jordan.

Forbes estimated back in June that Jordan, 52, had joined the ranks of the billionaires after increasing his stake in the Charlotte Hornets — the franchise in which he purchased a majority interest for $275 million in March of 2010, back when they were the Bobcats — from 80 percent to 89.5 percent. On Monday, the magazine confirmed Jordan’s status as one of the world’s 290 new billionaires, which sure must represent a nice cherry on top of the Hornets’ 98-83 Sunday win over the Orlando Magic for Charlotte’s Hall of Fame boss. From Forbes’ Dan Alexander:

The most famous rookie on the billionaires list? Michael Jordan, arguably the greatest basketball player of all time and indisputably the best-paid athlete of all time. Most of his cash comes from Nike payouts on his iconic brand. The Jordan brand grossed an estimated $2.25 billion in 2013, earning his Airness some $90 million. But his most valuable asset is his stake in the Charlotte Hornets, worth more than $500 million.

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