Magic Johnson recently joined the billionaire club. This puts him third in place in the NBA after Michael Jordan and LeBron James. Other than the two giants of basketball, golf legend Tiger Woods is also a member of that club. Although both Tiger and Magic have amassed a mammoth sum in their lives, comparing their profiles tells a different story.

Magic is one of the greatest NBA athletes to ever play the game. Although he has just achieved billionaire status, he has been a successful entrepreneur for a very long time. Now that he is placed alongside other legends, let’s have a look at his impressive business profile that dwarfs that of Tiger Woods.

Magic Johnson joins the billionaire club

Magic’s journey to a billion dollars is nothing short of a movie. After starting his NBA career in 1979, he quickly moved up the ranks and was hailed as one of the best-emerging talents. Soon he was ready to take charge of the LA Lakers franchise from Kareem Abdul Jabbar. Magic quickly gained immense popularity by being the face of the franchise and proved his mettle as an athlete. He won five NBA rings, three leagues, and Finals MVP, and made 12 All-Star appearances. Despite a Hall of Fame-worthy career, Magic was destined for more and he proved that in the coming years.

The Lakers legend faced extreme adversities in life but it couldn’t stop his zeal to make the most out of every opportunity. Today he stands tall among the billionaire athletes and there are only four of them. However, Magic has had a successful off-court career for a very long time. He made his riches through an impressive range of investments. The 64-year-old has invested in sports teams, cafes & restaurants, insurance companies and movie theatres. He is part owner in the iconic LA trio of sports franchises, the Dodgers, the Sparks, and LAFC. He is also a renowned philanthropist who always takes a stand for the causes he believes in.

Although he joined the billionaire club after Tiger Woods, Magic’s profile stands apart.

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How Tiger Woods Made His Billion

If you are the greatest athlete to play a sport, the money is bound to come your way. For Tiger, he maintained his position in the world of golf for over a decade. In 2009, Forbes declared Tiger as the first-ever athlete to have a billion-dollar bag. Today, the golf maestro boasts a net worth of over $1.7 billion. Tiger’s riches come from his investments in Gatorade, Monster Energy, TaylorMade, Rolex, and Nike. The 47-year-old is a regular feature on the list of highest-paid athletes in the world.

Despite the difference in their range of investments, one is for sure, both of these legends have made their mark in the world. Apart from their incredible career as an athlete, their prowess in the business world will also inspire people to reach higher.

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