The former NBA star amassed his fortune through majority ownership of EquiTrust, according to reports Michael Lee Simpson is a Digital News Writer at PEOPLE. He has been working at PEOPLE since 2023.

Basketball Hall of Famer Magic Johnson has officially reached billionaire status. With his expansive business portfolio, the basketball legend-turned-mogul is now the fourth professional athlete ...

Magic Johnson became a superstar through basketball, winning a national championship with Michigan State in 1979 and five NBA titles with the Showtime-era Lakers. But he became a billionaire ...

Magic Johnson is now a billionaire, according to Forbes. Johnson, who is 64, becomes the fourth athlete to earn billionaire status on the Forbes list, following Michael Jordan, LeBron James and ...

There's *** new billionaire in SOCAL and it is *** sports legend. It's Magic Johnson. According to Forbes, his net worth is now $1.2 billion. Magic has ownership stakes in three L *** based sports ...

Magic Johnson was the headliner at Thursday's Phoenix Open luncheon. The NBA legend spoke about charity, basketball, golf and ...

Magic Johnson's Washington Commanders got blown out by the Dallas Cowboys, 45-10, in their Thanksgiving game on Thursday. And the team's fans did not take it sitting down, urging the NBA legend on ...

NBA Hall of Famer and businessman Earvin "Magic" Johnson is officially a billionaire, according to Forbes. Johnson joins Michael Jordan, LeBron James and Tiger Woods as the fourth athlete to earn ...

Former NBA star and investor Magic Johnson is officially a billionaire, becoming the fourth athlete to earn that title, according to Forbes.Johnson, 64, is worth about $1.2 billion, the ...