Michael Jordan is now officially a billionaire, according to Forbes

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.