The former basketball player’s fortune is estimated at $1.2 billion Forbeslike him Magic Johnson He became the fourth billionaire athlete after NBA players Michael Jordan and LeBron James and golfer Tiger Woods.
the BBC According to his compilations, Magic Johnson has investments and shares in several companies, so he also owns different sports teams. However, the majority of his wealth comes from his stake in the life insurance company.
Johnson, 64, has had one of the most high-profile careers in NBA history, retiring in 1996 and making most of his wealth outside of sports — earning “just” $40 million as an NBA player, according to Forbes.
Federer has amassed an amazing fortune over the years
Tennis player Roger Federer, who has announced his retirement, has amassed a huge fortune during his lifetime, joining an elite club that includes Michael Jordan, Lionel Messi and even Lewis Hamilton.
Magic Johnson also owns three sports teams in Los Angeles, including the MLB’s Los Angeles Dodgers. He also has investments in Starbucks, Burger King, 24 Hour Fitness, and life insurance company EquiTrust.
Johnson says he would have become a billionaire sooner had he not turned down Nike stock when he joined the NBA in the 1970s. Instead, he made a deal with Converse, which offered him $100,000 a year. On a podcast this year, he talked about how if he had accepted Nike’s offer at the time, that stock package would be worth $5 billion today.
