Michael Jordan's been retired for years now, but stays ballin'.

Forbes is reporting that the G.O.A.T. is now a billionaire. This past February, it was estimated that Jordan had a net worth of $750 million, but it looks like that has quickly changed.

And it's not just because of sneakers.

According to Forbes, Jordan, who is the majority owner in the Charlotte Hornets organization, has recently increased his stake in the team to 89.5 percent. He previously owned 80 percent of the Hornets.

At 89.5 percent ownership, his equity in the Hornets is now worth $416 million. Subtract the cash that MJ put into investing into the team and his net worth outside of the organization is estimated to be $600 million. Total it all up with everything else in the portfolio and His Airness now has a net worth of $1 billion.

[via Forbes]