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Magic Johnson<\/strong> just joined the 10-figure club — and he’s in the prestigious company as only one of a few athletes to reach the achievement … so says Forbes, anyway.<\/p>\n The famed magazine — which prides itself on keeping tabs on stars’ fortunes — says<\/strong> their new tally on the Laker great has now made him an official billionaire … and he’s got change to spare with the title. According to them, Earvin’s estimated net worth is around $1.2 bil.<\/p>\n Waiting for your permission to load the Instagram Media.<\/p>\n They say his massive wealth post-basketball comes as a result of a hodgepodge of investments he’s made over the years — and if you know anything about Magic, that tracks.<\/p>\n The dude’s a partial owner in a number of pro sports teams — including the Dodgers, the Sparks, MLS’ LAFC and more recently<\/strong> … the NFL’s Washington Commanders. Interestingly enough, though, these minority owner stakes aren’t what make him rich-rich here.<\/p>\n Apparently, it’s Magic’s 60% stake in a life insurance company called EquiTrust … which he snapped up in 2015. The company’s been booming in profits since then — and he’s rolling in the dough as a result.<\/p>\n There are more investments Magic’s made that tipped him over the edge … including movie theater chains he’s bought into, as well as a Starbucks partnership he entered into a while back. He’s also got an extra minority stake in a PepsiCo bottling plant outside of D.C.<\/p>\n Of course, he’s also a media mogul … not to mention an incredibly recognizable face just about everywhere he goes — which probably helps when he gets booked for appearances.<\/p>\n![\"The](\"https:\/\/imagez.tmz.com\/image\/60\/4by3\/2023\/10\/29\/6059c4cfb2df437a9597aebed747f1bf_md.png\")
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![\"Magic](\"https:\/\/imagez.tmz.com\/image\/58\/o\/2017\/08\/18\/587cbb7546e857e2b7707a54258a6652_md.jpg\")
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