Magic Johnson – $600 million

Post-retirement Magic Johnson is still living the life every aspiring basketball player is dreaming of. The Hall of Famer was previously a part-owner of the Los Angeles Lakers, for which he played as the point guard for 13 seasons during his professional playing career. He became the president of basketball operations for the Lakers in 2017, succeeding Jim Buss, but in April 2019 announced that he would resign from the position after becoming dissatisfied with the atmosphere within the team.

On the business side, he founded the Magic Johnson Enterprises, which is an investment company, now has a market value of more than US$1 billion and has brought Magic a personal net worth of US$600 million, through which he bought a 5% interest in the Los Angeles Lakers, and in 2010 sold it to billionaire Patrick Soon-Shiong for $560 million.

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