Earvin “Magic” Johnson, one of the most celebrated players in NBA history, has recently reached the impressive milestone of becoming a billionaire. This news comes from a report by CEOWORLD magazine, which also notes that Johnson has joined the exclusive club of only four current or former professional athletes who have achieved this level of wealth. Alongside NBA legends Michael Jordan and LeBron James, as well as world-renowned golfer Tiger Woods, Johnson’s financial success is a testament to his skill and hard work both on and off the court.
Johnson is a successful entrepreneur with a diverse portfolio of investments. He has a stake in some of the most renowned sports franchises in the United States, including the Washington Commanders in the National Football League, the Los Angeles Dodgers in Major League Baseball, the Los Angeles Sparks in the Women’s National Basketball Association, and the Los Angeles Football Club in Major League Soccer.
Aside from sports, Johnson’s Magic Johnson Enterprises has interests in various fields such as movie theaters, fast food franchises, real estate, and healthcare. However, his most significant investment to date is life insurance provider EquiTrust, headquartered in Des Moines, Iowa. Johnson’s controlling stake in EquiTrust is the primary reason behind his impressive personal net worth, which currently stands at an estimated $1.2 billion.
- Michael Jordan: $3 billion
- Magic Johnson: $1.2 billion
- Tiger Woods: $1.1 billion
- LeBron James: $1 billion
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