Magic Johnson’s fortune soars: Net worth jumps $200 million to hit $1.6 billion
This marks a staggering $400 million increase over the past year, driven by a diverse investment portfolio spanning sports, insurance, and consumer-facing businesses.
Magic Johnson
Magic Johnson joins Taylor Swift and 263 others in the ranks of world’s newest billionaires
His inclusion in the exclusive billionaire club underscores his enduring legacy both on and off the basketball court.
Magic Johnson’s LA Sparks star makes comeback after maternity leave for FIBA 3×3 AmeriCup
Katie Lou Samuelson, a star player for Magic Johnson’s LA Sparks, is back on the court after maternity leave.
Magic Johnson joins billionaire club as his wealth crosses $1-billion mark
Johnson’s empire extends far beyond the realm of sports. He is a majority owner of EquiTrust, a life insurance company that he acquired in 2015.
10 businesses Magic Johnson has owned
Through Magic Johnson Enterprises (M.J.E.), Johnson has had investments in insurance, healthcare, food services, staffing, and sports.
Billionaire Patrick Soon-Shiong pledges $213 million for COVID-19 vaccine production
The funds will aid the technological transfer needed to jumpstart production in South Africa.