The 12-time All-Star point guard has become an All-Star business magnate since hanging up his sneakers.
12-time All-Star Los Angeles Lakers point guard Magic Johnson has become an All-Star business magnate since hanging up his sneakers for the final time in 1996. The 6-foot-9 Michigan State product, a three-time league MVP and five-time champion during his playing days, has made a splash in a variety of businesses. He opened a chain of Magic Johnson Theaters in underprivileged neighborhoods, owned a lucrative chunk of Starbucks, and has ownership slices of several sports franchises, including the Los Angeles Dodgers (2012), the Los Angeles Sparks (2014), Major League Soccer club LAFC and the Washington Commanders.
Last fall, he was became a billionaire, joining Chicago Bulls great Michael Jordan, PGA legend Tiger Woods, and current Lakers forward LeBron James as the only athletes to get to that elevated status.