Magic Johnson turned $40m career NBA earnings into $1 billion business empire like Jordan, Tiger, and...

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Earvin Magic Johnson News

Magic Johnson,Magic Johnson Net Worth,Magic Johnson Earnings

LA Lakers icon Magic Johnson has been keeping himself busy after his impressive basketball career, with the NBA star a billionaire thanks to the empire he has built - but how did he earn it?

Los Angeles Lakersdraft, winning five NBA championships with the 'Showtime' Lakers during the 1980s while reviving an entire sport alongside longtime rival Larry Bird.Magic's swashbuckling style and swagger combined with his infectious smile and personality made him a household name and global icon.Kevin Durant joins Ryan Reynolds, LeBron James by buying into $4.4 billion football clubJohnson -- worth an estimated $1.

Fortunately, Magic founded Magic Johnson Enterprises in 1987, a conglomerate that has a net worth of $700 million, that has a commitment to fostering economic empowerment in undeserved communities. He eventually sold most of those, including the 100 Starbucks locations which made him over $100 million.

NBA and Phoenix Suns Kevin Durant joins Ryan Reynolds, LeBron James, Tom Brady and J.J. Watt by buying stake in $4.4 billion football club PSG aka Paris Saint-Germain

 

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