LOS ANGELES, Oct 5, (Agencies): Michael Jordan stands as one of the most iconic and triumphant basketball legends of all time, and now he holds a place among the world's most prosperous individuals.

During his tenure in the NBA, Jordan was not only one of the league's top earners but also a marketing juggernaut. His array of endorsements and branding ventures raked in hundreds of millions annually, a legacy that persists even two decades after his retirement in 2023.

Nonetheless, a Forbes report reveals that Jordan's decision to sell his majority ownership stake in the Charlotte Hornets in August ushered him into a new echelon of wealth. This transaction elevated his estimated net worth to an astonishing $3 billion, firmly establishing him as one of the wealthiest individuals in the nation.

With this rapid surge in wealth, Jordan achieved a historic milestone by becoming the first-ever professional athlete to secure a coveted spot on Forbes' prestigious Forbes 400 list, landing at a respectable No. 379 position.

Jordan's distinction doesn't end there. He stands as one of just three professional athletes to reach the coveted billionaire status, achieving this milestone in 2014. Subsequently, LeBron James and Tiger Woods have also joined the exclusive "three-comma club." However, it is worth noting that only Jordan has attained the additional honor of securing a spot on Forbes' illustrious list.

While the sale of his ownership stake in the Hornets unquestionably catapulted his overall wealth to new heights, Forbes reports that Jordan's endorsement deals have accumulated a staggering $2 billion throughout his career. Furthermore, his recent royalty check from his enduring partnership with Nike alone amounted to an impressive $260 million.