Magic Johnson became a superstar through basketball, winning a national championship with Michigan State in 1979 and five NBA titles with the Showtime-era Lakers.
But he became a billionaire mainly through his business deals.
According to an article published by Forbes on Monday, Johnson’s net worth is estimated at $1.2 billion, making him the fourth athlete recognized by the magazine to have reached billionaire status. He follows fellow retired NBA legend Michael Jordan (who reached billionaire status in 2014), golfer Tiger Woods (2022) and current Lakers star LeBron James (2022).