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EL SEGUNDO, CA – FEBRUARY 25: Earvin ‘Magic’ Johnson attends the launch of SportsNet LA on February 25, 2014 in El Segundo, California. (Photo by Jerod Harris/Getty Images for SportsNet LA)
via Getty
EL SEGUNDO, CA – FEBRUARY 25: Earvin ‘Magic’ Johnson attends the launch of SportsNet LA on February 25, 2014 in El Segundo, California. (Photo by Jerod Harris/Getty Images for SportsNet LA)
Magic Johnson is a serial winner. His achievements both on and off the basketball court shows just that. He is one of the most decorated NBA players ever who has won almost every individual accolade.
Furthermore, he has a successful business career. Magic is an established investor, which has helped him have a net worth of around $600 million.
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Interestingly enough, he is planning to expand his business venture. According to reports, Johnson is planning a takeover of the Denver Broncos along with the owner of the Philadelphia 76ers.
Magic Johnson enters race for Broncos ownership
Magic Johnson is one of the most iconic basketball players ever. Despite facing health issues during his career, he managed to win 5 NBA titles with the Los Angeles Lakers.
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Moreover, he has almost every individual accolade to his name, including an Olympic Gold Medal for the United States National Team.
If that is not enough, Magic is a renowned investor. He has a massive net worth of around $600 million, which he has achieved through some smart investing and various business ventures.
via Imago
BEVERLY HILLS, CALIFORNIA – NOVEMBER 11: Earvin “Magic” Johnson attends Ryan Gordy Foundation Celebrates 60 Years Of Mowtown at Waldorf Astoria Beverly Hills on November 11, 2019, in Beverly Hills, California. (Photo by Phillip Faraone/WireImage)
Interestingly enough, he is the latest name to enter the race for the ownership of the Denver Broncos. The Broncos are part of the West Division of the NFL.
Apart from the Lakers legend, Philadelphia 76ers co-owner Josh Harris is the name linked with Magic for the ownership of the Broncos.
A new face has entered the race for Denver Broncos ownership:
— Front Office Sports (@FOS) May 5, 2022
Magic Johnson.
The NBA legend has joined the group led by 76ers co-owner Josh Harris, per @soshnick. pic.twitter.com/R627jkqhVz
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The team is set to sell for a record $4 billion and Magic and his camp face a lot of competition. The bidders include Walmart heir Rob Walton, Los Angeles Dodgers co-owner Todd Boehly, and ultimately Magic Johnson and Harris.
For the uninitiated, Magic Johnson has a net worth of around $620 million according to Celebrity Net Worth. His business venture, Magic Johnson Enterprise has a valuation of over $1 billion.
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Furthermore, he was a stakeholder in his former team, the Los Angeles Lakers. Johnson paid around $10 million to own 5% of the Lakers. However, he sold his stake in 2010 for a sum around the range of $50-$60 million.
