Magic Johnson Net Worth ($500 Million)

Magic Johnson is a retired American professional basketball player. He is considered one of the best basketball players of all time. He made a lot of money as a basketball player, but most of his $500 million fortune has come from his business ventures.

Magic Johnson owns Magic Johnson Enterprises, a conglomerate company that runs nationwide movie theaters, restaurants, fitness clubs and a film studio. The company has a net worth of $700 million. He is one of the very few celebrities in the world who have sharp business skills, besides being experts in their field like sport, music or acting. He also owns a few professional sports franchises. He is an active philanthropist too.