3. Magic Johnson – Net Worth: $1.2 Billion
One of basketball’s greatest point guards, Magic Johnson, has a net worth of $1.2 billion making him one of the richest basketball players. For your information, his NBA earnings were huge but his business endeavors took him to becoming a billionaire.
Magic Johnson Enterprises was founded by Johnson as investments in media, sports teams and Starbucks franchises. Alongside the funds he poured from NBA royalty into his department store empire, he also owns stakes in sports franchises including the Los Angeles Lakers and Los Angeles Dodgers.
