NBA Legend Magic Johnson Enters Elite Club of Billionaires

By: Fatima Roshni Image credit: Getty Images

[{"selector":"#anim-3dc7e3f8-f1d4-40e2-bea8-bb87275898b7","keyframes":{"opacity":[0,1]},"delay":0,"duration":3500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b8d0c1a0-46a5-4aa8-8cac-da63cd6074f0","keyframes":{"transform":["translate3d(0px, 68.07050%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b5ec57c8-d763-4769-9a74-8d952bc13828","keyframes":{"opacity":[0,1]},"delay":200,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2950ffd8-4fb3-4f08-8f5b-04b9ef0a0eec [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-55.55019514793447%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":4500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] One of the eminent NBA personalities, former star player Magic Johnson, with a 13-season career as part of the Lakers franchise, held prominence as one of the greatest point guards in the league.

[{"selector":"#anim-d89a1279-e165-49fa-a717-ae89c49ee51a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(69.43017627728163%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-4c042ea4-56a2-4bf0-b675-dbf1bff767e2","keyframes":{"opacity":[0,1]},"delay":0,"duration":3500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a9a2660e-786f-49d2-811d-2b63ec035e57","keyframes":{"transform":["translate3d(-94.97817%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1327d925-563f-4770-81cd-e950ae4e4137","keyframes":{"opacity":[0,1]},"delay":600,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-714419f7-b23e-410a-b157-9a4ae2e7a32e","keyframes":{"transform":["translate3d(112.69349%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] In respect to his career achievements of 5 championship wins, 3 Finals MVPs, 3 MVPs, 12 All-Star appearances, and more, the 905 NBA games legacy of Mr. Johns on is quite interesting to look upon.

[{"selector":"#anim-29182c1c-5541-4dc7-8335-be3e1f94ed3e","keyframes":{"opacity":[0,1]},"delay":0,"duration":3500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6c29567f-fa44-4840-99c2-dc09d3bb96d3","keyframes":{"opacity":[0,1]},"delay":200,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-83885a5c-14ce-4ca3-b36b-25e91ae31085 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-65.85332006744132%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] From his career to businesses, Johnson, with an estimated $2.1 million of net worth, joins other popular NBA athletes including Michael Jordan and LeBron James, in the billionaires list.

[{"selector":"#anim-07608b21-8e37-45c5-b521-d3d270683fa3 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(63.48103697144176%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":4500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-35f2bae6-78bd-4691-ab98-9bbc4310df03","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-68b352dc-eefe-4610-bca9-71735751bcce","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-96c270a7-3843-422c-b789-afd53393ee3b","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-6ff19bea-d2ea-4a2a-9293-b00ccf91fe1b","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] As stated by Forbes, Johnson's billions of earnings hold much prominence to his business ventures, including ownership, besides his endorsements as well as the earnings of his professional NBA career.

[{"selector":"#anim-4997a91f-b03e-4411-bbc8-1ae993d82e1e","keyframes":{"opacity":[0,1]},"delay":0,"duration":5000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-89dec359-0739-464a-9d88-81d709659c5f","keyframes":{"transform":["translate3d(0px, 63.23179%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f2e20be6-8283-486f-b434-3d13b26f4126","keyframes":{"opacity":[0,1]},"delay":200,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ae95c085-99d3-4643-a1e0-c74a58e451f3 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-41.3220702590917%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":4500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] As for his endorsement deal as part of his professional career, Johnson, after rejecting a lucrative deal from Nike said to be $5 billion, partner ed with Converse, earning $100,000 per year.

[{"selector":"#anim-87d14c33-923a-4686-8f47-d1253fcf317b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(62.39996214006284%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":4500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-d4c84083-bf36-4161-94b0-9c7c3f9ff895","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":2500,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-543b0d70-805d-4bb5-b8e6-b8a3bb501a92","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-5b95ca8f-ab04-4272-b9e8-935cfaf2d67b","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] In his recent appearance on All The Smoke podcast, Johnson stated, " My family didn't come from money; that's one thing that hurts us sometimes. When you don't come from money, you don't know ."

[{"selector":"#anim-6b6f72c9-db5a-41e8-a024-8590a56ca9fe [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-18.164858479067767%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":3500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-88e361ef-d026-41ec-845a-c99795fbf25f","keyframes":{"opacity":[0,1]},"delay":600,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9f856e36-7443-4ac5-973e-45ea64c5b1b1","keyframes":{"transform":["translate3d(0px, -422.01385%, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2803a1ce-81ad-49a0-b1b4-418c4dbddfdd","keyframes":{"opacity":[0,1]},"delay":0,"duration":3500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fa4560eb-bf6d-4709-b8e5-a337ba6ce5ca","keyframes":{"transform":["translate3d(-95.77778%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Stating on the deal's relevance today, " I didn't even know what stocks [were] at that time. So, I passed on the stocks. Can you imagine? 45 years, $5 billion that stock would have been worth today ."

[{"selector":"#anim-167b4ea4-c552-418e-8499-d5a477d8bf8c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-64.23927490338724%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":4500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-940a8800-4189-424a-905c-36f1f2ec479a","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-3c87ae98-2485-4d2b-83db-08ca20177df5","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-07970fc4-c638-49b2-8e9a-1b0f05cf71a3","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-77fd870b-9e87-4e1a-9225-25a8fd24d6bb","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Johnson's investments with major brands including Starbucks, Burger King, 24 Hour Fitness, and the life insurance company EquiTrust hold a majority partnership that is worth over $14.5 billion.

[{"selector":"#anim-6385fe23-f785-4275-9972-ffa35ab55fab","keyframes":{"opacity":[0,1]},"delay":0,"duration":3500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9f35c54c-6b1a-4c3c-89c2-e0cba1a3ca75","keyframes":{"transform":["translate3d(0px, 68.07050%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cd13c336-f98c-4d86-b77a-dedb56aadf09","keyframes":{"opacity":[0,1]},"delay":200,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ae4fac85-9705-4b70-b053-bb643b6330fe [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(70.5624998213744%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":4500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Magic Johnson Enterprises, an investment company owned by the Hall of Famer, controls several subsidiaries including Magic Johnson Productions, Theatres, and Entertainment, worth $700 million.

[{"selector":"#anim-84ca3415-d43d-4b0e-a469-34578b8e1868 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-59.429198873179665%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":4500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-ab5edb52-a932-40a6-9c18-2823b9067566","keyframes":{"opacity":[0,1]},"delay":0,"duration":3500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-47eb5504-8310-4f88-a29e-5b6350fd3ad7","keyframes":{"transform":["translate3d(-94.97817%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-58a2fa3e-5900-42c2-9f51-f300b46a6c13","keyframes":{"opacity":[0,1]},"delay":600,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e15d7119-c6bd-4369-8ea6-70650bc50267","keyframes":{"transform":["translate3d(114.01869%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The former NBA legend, however, has made a recent investment as part of the ownership of an NFL team, the Washington Commanders, alongside Josh Harris and others, investing around $240 million.

NBA Legend Magic Johnson Enters Elite Club of Billionaires

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