NBA legend Michael Jordan continues to make history two decades after his retirement.
The 60-year-old six-time NBA champion now has a staggering net worth of over $3 billion.
Jordan is the richest athlete on the planet, with only golfer Tiger Woods and NBA star LeBron James joining his billionaire club.
The Chicago legend is now on the Forbes 400, a list reserved for the 400 wealthiest people in America.
Jordan completed the sale of NBA franchise Charlotte Hornets in August.
He sold his majority stake in the organization for nearly $3 billion, nearly 17 times the $275 million valuation when Jordan took over as majority owner in 2010.
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Since leaving the NBA for good in 2003, Jordan has continued to build on the global brand he established as a player.
His infamous deal with Nike Sportswear set the stage for Jordan to build an astonishing business empire.
Nike released its first famous line of Air Jordan sneakers in 1984.
According to Yahoo, Jordan’s sneaker revenue accounts for 5% of total revenue and will increase to $256 million by 2022.
He also owns a tequila brand, a stake in MLB’s Miami Marlins, his own NASCAR team and a partnership with video game studio Epic.
Jordan’s vast wealth helps fund his love of fast cars and big houses.
According to Forbes, the basketball star has earned approximately $2.4 billion in his career alone thanks to lucrative sponsorship deals with brands like McDonald’s and Gatorade.
His inclusion on the Forbes 400 list is the first time a professional athlete has appeared in an exclusive club.
“A lot of entrepreneurs are one-hit wonders,” Washington Wizards owner Ted Leonsis told Forbes.
“They win a big win, take their prize money, retire, and then (we) never hear from them again.
“Or they try something a second time and it doesn’t work out. (Jordan) had three huge successes (career, sponsorship and selling the Hornets).”
Jordan retained a small stake in the Hornets after selling his stake in the team to Gabe Plotkin and Rabe Schnarr earlier this summer.
Leonsis believes MJ will now put his financial muscle into 3XI Racing, a NASCAR team that will be launched in 2020.
The Wizards owner continued: “I bet this ends up being a great deal for him as well.
“It’s his competitiveness and his desire to win.”