Magic Johnson Becomes The Fourth Athlete To Reach Billionaire Status

Magic Johnson the NBA Hall of Famer and elite businessman has become the fourth athlete to become a billionaire, according to Forbes. Magic Johnson’s net worth is projected at $1.2 billion. Magic’s net worth comprises his portfolio of sports team ownership, including the Los Angeles Dodgers, Los Angeles Sparks, and the Washington Commanders. he also owns 60% of EquiTrust life insurance. Additional business moves involve a Starbucks partnership and a PepsiCo bottling plant outside of D.C. the other billionaire athletes are LeBron James, Michael Jordan, and Tiger Woods.

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