Billionaire Magic Johnson says the NBA's future is bright and the Knicks are leading the way
Magic Johnson says he was once scared about the NBA's future after LeBron, Durant and Curry retire but the Knicks have convinced him otherwise.
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Magic Johnson says he was once scared about the NBA's future after LeBron, Durant and Curry retire but the Knicks have convinced him otherwise.
This marks a staggering $400 million increase over the past year, driven by a diverse investment portfolio spanning sports, insurance, and consumer-facing businesses.
His inclusion in the exclusive billionaire club underscores his enduring legacy both on and off the basketball court.
Katie Lou Samuelson, a star player for Magic Johnson’s LA Sparks, is back on the court after maternity leave.
Johnson’s empire extends far beyond the realm of sports. He is a majority owner of EquiTrust, a life insurance company that he acquired in 2015.
Through Magic Johnson Enterprises (M.J.E.), Johnson has had investments in insurance, healthcare, food services, staffing, and sports.
The funds will aid the technological transfer needed to jumpstart production in South Africa.