Michael Jordan becomes first billionaire NBA player

Adjusting for inflation, former NBA star Michael Jordan is now a billionaire.

According to Fox Business, Jordan becomes the first NBA player to achieve the financial status.

Jordan’s empire grew under his partnership with Nike. Since 1985, his Air Jordan shoes for Nike have dominated the basketball shoe market. Last year, Jordan profited $90 million from the brand - which is responsible for 58 percent of all reported basketball shoe sales in the U.S., according to Forbes.

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