Lakers legend Magic Johnson is the fourth athlete to be worth $1 billion, according to Forbes, joining Michael Jordan, Tiger Woods and LeBron James.
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.
Although he was the face of the Lakers and one of the NBA's best known players in the 1980s and into the 1990s, Johnson made around $40 million in career earnings and only another $2-4 million a year in endorsements, according to Forbes. Jordan, who won six NBA titles with the Chicago Bulls during the 1990s, earned $94 million in salary and signing bonuses and an estimated $2.4 billion in endorsements during a 15-season career that spanned from 1984-2003.
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