Magic Johnson Is Officially a Billionaire — Here How the Lakers Legend Made His Money

 Magic Johnson Is Officially a Billionaire — Here's How the Lakers Legend Made His Money

Key Takeaways

• Magic Johnson is the fourth athlete to become a billionaire alongside Tiger Woods, LeBron James, and Michael Jordan.
• Johnson has invested in several companies including Starbucks, Loew's movie theaters, Burger King, and 24 Hour Fitness.
• He also is a minority stakeowner in several sports teams.

Basketball legend Earvin "Magic" Johnson is officially a billionaire.

Johnson, 64, is now worth an estimated $1.2 billion thanks to a lucrative career in the professional sports arena, including stakes in multiple sports teams, per Forbes.

The retired athlete is a minority stakeowner in the Washington Commanders (NFL), the Los Angeles Sparks (WNBA), Los Angeles Dodgers (MLB), and the LAFC (MLS).

Johnson played for theLakers for 12 seasons before he famously retired in 1991 after publicly disclosing that he had been diagnosed with HIV. He then returned to the Lakers for one more season in 1995 and then retired a final time following that season in 1996. He has been a long-time activist and advocate for the prevention of the disease.