NBA icon Earvin “Magic” Johnson is officially a billionaire



According to CBS News, Magic Johnson is the fourth athlete to achieve billionaire status, along with Michael Jordan, LeBron James, and Tiger Woods.

When Johnson signed a 25-year, $25 million contract in 1984, it was the longest and richest deal in sports history at the time. Johnson made approximately $40 Million during his 13-year career. 

However, it was after retiring from the league that he would build his empire as chairman and CEO of Magic Johnson Enterprises, a conglomerate of businesses and ventures founded by Johnson. The company’s primary focus is on business, philanthropy, and community development.

Click play to listen to the AURN News report from Clay Cane. Follow @claycane & @aurnonline for more.

The post NBA icon Earvin “Magic” Johnson is officially a billionaire appeared first on American Urban Radio Networks.



Share post:


More like this

Everett rounds the bases for constructing new AquaSox stadium

(The Center Square) – The Everett City Council on...

Holmes breaks ground in appointment as state auditor

(The Center Square) – Jessica Holmes will serve the...

Louisiana officials aim to address imported seafood problem

(The Center Square) — State and federal officials on...