In his leisure time, Magic Johnson loves attending LA Lakers games whenever possible. Having achieved billionaire status, the basketball star showcases his influence in a classy manner by mingling with diverse individuals within the region.
During the latest matchup between the LA Lakers and their opponents, the LA Clippers, an NBA legend decided to attend the game. This five-time winner happened to run into the popular K-pop group, “Le Sserafim,” who were also in attendance and enjoyed the game.
The trio-time league MVP had a pleasant encounter with five Korean pop group members, posing together in a photo. The group members were Sakura, Chaewon, Yunjin, Kazuha, and Eunchae. Currently, Le Serrafm is touring around the world as part of their “Flame Rises” tour in the USA.
Magic Johnson’s choice of fashion during a photoshoot with a Korean Pop group made headlines, particularly his Versace t-shirt, which is priced at 50,400 Indian rupees or about $605 USD according to Versace’s website. Despite his wealth from basketball and business ventures, the price of the t-shirt seems to reflect how much he values brand-name clothing. Meanwhile, the Los Angeles Lakers had a successful start to the 2023-24 NBA season with a 3-2 record after beating the Los Angeles Clippers 130-125 in overtime. LeBron James was the top scorer with 35 points, 10 rebounds, 7 assists, 2 blocks, and 1 steal, while Anthony Davis contributed with 27 points, 10 rebounds, 4 blocks, 3 assists, and 2 steals. D’Angelo Russell also had a great game with 27 points and 6 assists. As for how Magic Johnson amassed his fortune, it’s been through his successful career as a basketball player and various business endeavors.
The popular business magazine, Forbes, recently announced that basketball legend Magic Johnson has achieved billionaire status, making him only the fourth athlete to reach this financial milestone. At 64 years old, Johnson’s net worth currently stands at a whopping $1.2 billion, largely due to his ownership of the EquiTrust insurance company. During his tenure as CEO, EquiTrust’s assets grew from $16 billion to $26 billion. In addition to his insurance holdings, Johnson has invested in various sports teams and properties, including the NFL’s Washington Commanders, the MLB’s Los Angeles Dodgers, and the WNBA’s Los Angeles Sparks.
Looking to expand his portfolio, Johnson has expressed interest in exploring new markets for NFTs and CBD goods and has joined the boards of Fanatics and Cameo. Though he has dabbled in other business ventures, such as owning a chain of movie theaters and investing in Starbucks, he has since sold those shares. It’s worth noting that while Johnson made $40 million during his baseball career, this pales in comparison to his current net worth. Other athletes who have achieved great wealth include Tiger Woods, Michael Jordan, and LeBron James.