Per ESPN.com:
NBA Hall of Famer and businessman Earvin “Magic” Johnson is officially a billionaire, according to Forbes.
Johnson joins Michael Jordan, LeBron James and Tiger Woods as the fourth athlete to earn billionaire status. Earlier this year, he added a minority stake in the Washington Commanders to his portfolio. He also has a 2.3% stake in the Los Angeles Dodgers and minority ownership of LAFC and Los Angeles Sparks.
Forbes estimates Johnson’s net worth to be $1.2 billion as a result of his stakes in teams and investments in a variety of industries.
