Michael Jordan Net Worth: NBA Legend Considers Building His Own Private Golf Course

Weekend golfers everywhere get frustrated by slow play at their home course, but have no real way to solve the problem. If you’re Michael Jordan, you can overcome such a conundrum by building your own golf club.

The former Chicago Bull and basketball legend is reportedly considering building a super-private Florida course, with a Jordan-selected membership, according to golf.com. Jordan is wildly wealthy, worth about $1 billion, according to a Forbes report. A large chunk of that net worth comes from his majority stake in the NBA's Charlotte Hornets. With that much money, building a golf course isn’t an unreasonable undertaking. An average golf course construction costs $1.6 million to $4.5 million, with total costs north of $10 million, according to the USGA. Jordan’s reported course however, being an extremely private, luxury club, will likely cost much more.

Jordan’s current home course is The Bear’s Club in Jupiter, Florida, and apparently he has grown tired of the rate of play. The golf.com report cited several sources close to Jordan who said the plan is well under way. A source in the story claims Jordan has secured the option on a plot of land in Hobe Sound, which is just south of Tiger Woods’ home course Medalist Golf Club.

Jordan’s current club has its share of high-profile members as well, including Rory McIlroy, Luke Donald, Ernie Els and Michelle Wie. The initiation fee alone for Bear’s Club apparently runs about $90,000, according to the golf.com report. It is a very exclusive, open course, but perhaps not to the liking of Jordan, who is reportedly an impatient, quick-playing golfer.

Perhaps the most famous billionaire to build his own golf courses is Donald Trump, although Trump’s hospitality business is directly connected with resorts and courses. Trump Golf’s website lists 13 courses, so perhaps just one for Jordan isn’t an impractical endeavor.

The plot of land planned for Jordan’s course apparently has a lot of potential but would need a good bit of work, golf.com reported. A source from the report said Jordan’s top choice in designer is famous course architect Tom Doak, who would seem to have his hands full with the property.

Weekend golfers shouldn’t count on getting a spot at Jordan’s fast-paced course, should it come to fruition. His membership list is apparently going to be set at approximately 100.