[Saba Sports News] Former NBA legend Magic Johnson, known for his basketball career, has made a successful transition into the world of business. He has joined the elite ranks of athletes like Michael Jordan, Tiger Woods, LeBron James, and Cristiano Ronaldo as one of the world’s wealthiest athletes, according to Forbes.
Magic’s impressive business portfolio includes co-ownership of the LA Sparks, Los Angeles Dodgers, and MLS’ LAFC, along with investments in well-known Western businesses such as T.G.I. Friday’s and Starbucks.
Since retiring from professional basketball in 1996, Magic has grown his fortune significantly, demonstrating how a sports career can evolve into a thriving business empire worth hundreds of millions. While his success can be attributed to intelligence and some luck, Magic attributes hard work and the ability to make money “while people are sleeping” as key factors in his success. He transformed his lifestyle to accommodate his growing business ventures, even adjusting his sleep schedule to maximize productivity.
Magic Johnson remains a Lakers legend, with an impressive basketball career that includes five championships, 12 All-Star appearances, three MVP awards, and 10 All-NBA selections. Although he may not have the same level of popularity as LeBron James or Michael Jordan, Magic’s contributions to the sport and his remarkable success in the business world continue to earn him recognition and admiration.