Magic Johnson, 64, becomes the fourth athlete to earn billionaire status on Forbes' list, after Michael Jordan, LeBron James and Tiger Woods
Magic Johnson is now a billionaire, according to Forbes. Johnson, who is 64, becomes the fourth athlete to earn billionaire status on the Forbes list, following Michael Jordan, LeBron James and Tiger Woods.Forbes says Johnson made $40 million playing in the NBA, but most of his wealth doesn't come from basketball. Johnson's career as a businessman took flight with savvy investments in the Los Angeles Lakers and Starbucks. He is now the chairman and CEO of Magic Johnson Enterprises.
The theater chain and the Starbucks deal 'served as catalysts for redevelopment in urban communities, and are widely recognized as the corporate blueprint for engagement and success with urban consumers across America,' his company website says.Before Johnson became one of the greatest NBA players of all time, he had to make some critical financial decisions.
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