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Mo’ Money: Magic Johnson Officially Joins Forbes’ Billionaire List

Mo’ Money: Magic Johnson Officially Joins Forbes’ Billionaire List

Magic Johnson, the former NBA player, has officially joined Forbes' billionaire list. After retiring, Johnson focused on the business world and has been successful in acquiring partial ownership of various sports teams including the Dodgers, Sparks, and LAFC. His recent investment in the Washington Commanders NFL team pushed him over the billionaire threshold. Johnson's net worth is estimated at around $1.2 billion, with his Iowa-based life insurance company and investments in movie theaters, gyms, networks, and Starbucks franchises contributing to his fortune. Joining the ranks of other billionaire athletes, Johnson continues to expand his business ventures.

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