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Is Magic Johnson a billionaire?

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After winning championships in high school and college, Johnson was selected first overall in the 1979 NBA draft by the Lakers. As of 2020, Magic Johnson’s net worth is approximately $600 million, and he’s one of the richest athletes in the world.

Magic Johnson Enterprises is an American investment company owned by retired NBA Hall of Fame legend Magic Johnson. … In October 2010, Johnson sold his interest in 105 Starbucks licenses back to the company.

How much is Magic Johnson worth now?

Magic Johnson, Net Worth: $600 Million.

What food chain does Magic Johnson own?

Burger King

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How much does Magic Johnson own?

Magic Johnson net worth: As per reports, LA Lakers legend Magic Johnson – who is one of the richest former athletes in the world – is worth $600 million.

How much did Magic Johnson sell his Starbucks for?

In October 2010, Johnson sold his interest in 105 Starbucks licenses back to the company. The next day he sold his 4% interest in the Los Angeles Lakers for an estimated $27 million to Patrick Soon-Shiong.

What is Magic Johnson best known for?

Johnson accomplished virtually everything a player could dream of during his 13-year NBA career, all of which was spent with the Los Angeles Lakers. He was a member of five championship teams. He won the Most Valuable Player Award and the Finals MVP Award three times each.

How does Magic Johnson have so much money?

Magic Johnson’s business ventures Fridays, and a promotional marketing company. That also included him buying over 125 Starbucks locations, which he held until he sold back to the company in 2010. In total, Magic Johnson Enterprises reportedly holds a net worth of $1 billion.

What is Magic Johnson’s net worth 2019?

Magic Johnson, Net Worth: $600 Million.

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How many teams does Magic Johnson own?

Johnson told “HBO Real Sports” that he contributed $50 million to the deal. Johnson also holds an ownership stake in the WNBA’s Los Angeles Sparks, Major League Soccer’s Los Angeles FC and the esports franchise Team Liquid.

Who is the richest Michael Jordan or Magic Johnson?

– LeBron James, Net Worth: $480 Million. …
– Kobe Bryant, Net Worth: $500 Million. …
– Magic Johnson, Net Worth: $600 Million. …
– Michael Jordan, Net Worth: $1.9 Billion.

Who is the richest basketball player?

– Kevin Durant. Net Worth: $170 million. …
– Hakeem Olajuwon. CP. …
– David Robinson. CP. …
– Grant Hill. Net Worth: $250 million. …
– Shaquille O’Neal. Net Worth: $400 million. …
– Lebron James. Net Worth: $450 million. …
– Kobe Bryant. CP. …
– Magic Johnson. Net Worth: $600 million.

What was Kobe Bryant’s net worth?

At the time of his death, Kobe Bryant had a net worth of $600 million.

How much is Kobe Bryant’s net worth?

Kobe Bryant’s net worth 2020: Kobe Bryant was an American professional basketball player who had a net worth of $600 million at the time of his death. Tragically, Kobe Bryant died on January 26, 2020, in a helicopter crash. Kobe Bryant was an 18X NBA All-Star, a 5X NBA Champion and 2X NBA Finals MVP.

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Was Kobe Bryant a billionaire?

Bryant built his first fortune on the back of two decades of rich playing contracts and endorsement deals. His path to becoming a billionaire was going to be paved in the investment world, and his first big score, BodyArmor, represented roughly one-third of his net worth.

How is Magic Johnson so rich?

NBA legend Magic Johnson built a business empire following his Hall of Fame career with the Los Angeles Lakers. … Johnson earned nearly $40 million in salary during his NBA career, including a 25-year, $25 million contract with the Lakers in 1981 that ranked as the richest deal in sports history at the time.

What all does Magic Johnson own?

Over the years, Magic Johnson Enterprises has continually invested ownership in many lucrative businesses such as the Los Angeles Lakers, movie theaters and restaurants in the United States, including T.G.I. Friday’s, Sodexo, and Burger King locations.

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