His wife, Yvette, gave birth to Victoria and Ysabel on Sunday in West Palm Beach, Fla.
Jordan, 50, married the 35-year-old model in April after five years of dating.
"Michael and Yvette Jordan are thrilled to announce that their identical twin daughters, Victoria and Ysabel, were born Sunday, February 9, 2014 in West Palm Beach, Florida. Yvette and the babies are doing well and the family is overjoyed at their arrival," Jordan's manager told E! News.
The former Chicago Bulls star is now the majority owner of the Charlotte Bobcats. They are holding on to the eighth seed in the Eastern Conference and have a shot at making the NBA playoffs.
Jordan already has three other children with ex-wife Juanita Vanoy. They divorced in 2006.
During his time in the NBA, Jordan was a 14-time All-Star and a five-time league MVP.