Add Magic Johnson to Billionaire’s Row. 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. According to TMZ, 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.
The post SOURCE SPORTS: Magic Johnson Joins Billionaire Athlete List first appeared on The Source.
The post SOURCE SPORTS: Magic Johnson Joins Billionaire Athlete List appeared first on The Source.