Magic Johnson declared a billionaire by Forbes

NBA Entertainment-News

Magic Johnson declared a billionaire by Forbes

By Alipate Narawa

Tuesday 31/10/2023

Former basketball star Magic Johnson Photo: Forbes

Former basketball star Magic Johnson has been declared a billionaire by Forbes, making him only the fourth athlete to join the exclusive club.

The business magazine estimates Johnson's wealth at about $1.2bn USD.

The other athlete billionaires are NBA players Michael Jordan and Lebron James, and the golfer Tiger Woods.

Outside of sport he has investments in Starbucks, Burger King, 24 Hour Fitness and the life insurance company EquiTrust.

Source: CNN

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