Magic Johnson’s incredible journey from NBA legend to a shrewd and successful business mogul has been nothing short of remarkable. Recently, he made headlines with a billion-dollar NFL move, signaling yet another strategic and lucrative investment in his impressive portfolio. With a current net worth of approximately $620 million, Johnson is inching closer to joining the elite ranks of billionaires, alongside Michael Jordan, and LeBron James.

The former Los Angeles Lakers star has displayed a keen eye for lucrative ventures & making strategic decisions. As he continues to expand his business empire and accumulate wealth, Magic Johnson’s story serves as an inspiring testament to the power of foresight and entrepreneurial acumen.

A billion-dollar NFL move

Magic Johnson’s success as a basketball legend rivals only his achievements as a smart business executive. Recently, Johnson made headlines when he acquired a 4% stake in the Washington Commanders at a staggering $6.05 billion valuation, adding another league to his growing portfolio. With this sale Johnson is now a part of four leagues in 4 different sports – basketball, baseball, soccer & now football.

Johnson owns teams in all the major sports watched in the USA.

“I could not be more excited to be a partner in the proposed new ownership group for the Washington Commanders.” Johnson tweeted.

Already involved with the Los Angeles Dodgers in MLB, Los Angeles FC in MLS and Los Angeles Sparks in WNBA, Johnson’s extensive sports ownership ventures extend beyond basketball. 

Notably, he previously held a 4.5% stake in the Los Angeles Lakers from 1994 to 2010.

Also Read: “I Wanted to Tell Everybody F*ck Off”: Bagging a $53,000,000 Contract, “Hillybilly Kobe” Digresses into Impressing LeBron James

Johnson, with a keen eye for strategic investments and an impressive track record in multiple sports leagues, continues to prove himself as a force to be reckoned with both on and off the court. He has solidified his status as a true business mogul in the world of sports ownership.

From NBA legend to business mogul

Magic Johnson’s journey from NBA legend to highly successful businessman is a testament to his unwavering determination and entrepreneurial spirit. Johnson is also the chairman and CEO of Magic Johnson Enterprises (MJE). He has transformed his skills and tenacity on the court into a thriving business empire. He has earned his company the coveted status of the #1 Brand in Urban America.

Watch This Story: Xbox Ultimate Game Pass Is Providing an Extravagant Bonus to Celebrate Anime Month – Redeem Before It’s Too Late

Through strategic investments and endorsements, Magic focuses on providing high-quality products and services to ethnically diverse and underserved urban communities. Magic’s diverse conglomerate includes ventures in real estate, private equity, media, education and more, with notable partnerships such as Starbucks.