Charlotte Hornets owner Michael Jordan retained his top 5 ranking this week on Forbes magazine’s annual list of America’s Wealthiest Celebrities.
Jordan remained at No. 4 on the list, as his net worth rose to $1.7 billion, a $400 million increase from 2017, according to Forbes.
Jordan’s net worth increase came from “his sneaker fortune and a 90 percent stake in the increasingly valuable Charlotte Hornets,” Forbes reported Tuesday. He has an estimated $800 million stake in the team, according to the magazine.
“Star Wars” creator George Lucas topped this year’s list with a net worth of $5.4 billion, according to Forbes, followed by fellow filmmaker Steven Spielberg at $3.7 billion and media executive, talk show host and actress Oprah Winfrey at $2.8 billion.
In December 2017, Forbes named Jordan the world’s highest paid athlete of all time.
Jordan played three seasons at the University of North Carolina before his 15-year NBA Hall of Fame career, predominantly with the Chicago Bulls.
He is a six-time NBA champion and NBA Finals MVP, a five-time NBA MVP and 14-time NBA All-Star.
He became part-owner and head of basketball operations for the Charlotte Bobcats in 2006 and bought a controlling interest in 2010.
Jordan also is well known for his philanthropy. For instance, he donated $2 million to Hurricane Florence relief efforts, $7 million to build health clinics in poor areas of Charlotte and $1 million each to two organizations working to build trust between blacks and police.