{"id":132717,"date":"2023-11-02T08:23:15","date_gmt":"2023-11-02T08:23:15","guid":{"rendered":"https:\/\/sivasistasyon.com\/?p=132717"},"modified":"2023-11-02T08:23:15","modified_gmt":"2023-11-02T08:23:15","slug":"magic-johnson-is-declared-a-billionaire-by-forbes","status":"publish","type":"post","link":"https:\/\/sivasistasyon.com\/lifestyle\/magic-johnson-is-declared-a-billionaire-by-forbes\/","title":{"rendered":"Magic Johnson is declared a billionaire by Forbes"},"content":{"rendered":"<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/static.independent.co.uk\/2023\/04\/14\/18\/Commanders_Sale_Football_39255.jpg\"><\/p>\n<p>FILE &#8211; Magic Johnson arrives at the premiere of &#8220;They Call Me Magic&#8221; on Thursday, April 14, 2022, at Regency Village Theatre in Los Angeles.<\/p>\n<p>Golfer Tiger Woods is the fourth athlete to have reached the financial milestone.<\/p>\n<p>Johnson\u2019s massive wealth is held mostly in a stake in life insurance company EquiTrust, according to <em>Forbes<\/em>. He owns 60 per cent of the company which has reported revenues of more than $2.5bn a year.<\/p>\n<p>He is also part owner of a string of LA sports teams, including the WNBA\u2019s Los Angeles Sparks, baseball franchise Los Angeles Dodgers and soccer team LAFC. He is also part of the ownership group of the NFL\u2019s Washington Commanders.<\/p>\n<p>Other notable investments include Starbucks, Burger King and 24 Hour Fitness. <\/p>\n<p>He told the <em>All The Smoke<\/em> podcast earlier this year that billionaire status could have been reached sooner if he had not turned down shares in Nike when first entering the NBA.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/static.independent.co.uk\/2022\/02\/17\/19\/NBA_ESTRELLAS_59777.jpg\"><\/p>\n<p>Magic Johnson with Michael Jordan in the 1990s <\/p>\n<p>\u201cMy family didn\u2019t come from money, that\u2019s one thing that hurt us sometimes. When you don\u2019t come from money, you don\u2019t know,\u201d he said. \u201cI didn\u2019t even know what stocks [were] at that time.\u201d<\/p>\n<p>\u201cSo I passed on the stocks. Can you imagine? 45 years, $5 billion that stock would have been worth today.\u201d <\/p>\n<p>Johnson made $40m from his NBA playing career which stretched from 1979 until 1996 when his HIV diagnosis prompted retirement.<\/p>\n<p>Source: <a href=\"https:\/\/www.independent.co.uk\/sport\/us-sport\/magic-johnson-billionaire-forbes-b2438607.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FILE &#8211; Magic Johnson arrives at the premiere of &#8220;They Call Me Magic&#8221; on Thursday, April 14, 2022, at Regency Village Theatre in Los Angeles. Golfer Tiger Woods is the<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Magic Johnson is declared a billionaire by Forbes - sivasistasyon<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sivasistasyon.com\/lifestyle\/magic-johnson-is-declared-a-billionaire-by-forbes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Magic Johnson is declared a billionaire by Forbes - sivasistasyon\" \/>\n<meta property=\"og:description\" content=\"FILE &#8211; Magic Johnson arrives at the premiere of &#8220;They Call Me Magic&#8221; on Thursday, April 14, 2022, at Regency Village Theatre in Los Angeles. 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