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Magic Johnson worth $800million

Posted by Media Outrage on January 11th, 2008

Magic and Cookie Johnson

Fortune Magazine has valued Earvin Magic Johnson’s net worth at $800 million. With his various lucrative investments in Starbucks, Magic Johnson Theaters, his minority stake in the Los Angeles Lakers and a few other business ventures he seems to be well on his way to becoming a billionaire in the next few years if he continues making wise investment moves. We wonder what Michael Jordan’s net worth is. It has to be somewhere in the range of $500 million or more but then again after going through the most expensive celebrity divorce ever, that might have been cut in half! Many analyst speculate that Tiger Woods will become the first billion dollar athlete maybe by 2010, yes even before Lebron James. That’s what’s up Magic keep doing your thing in the business world!

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    and he gives back…. look at that.
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    Wow. Must be nice. Though he’s earned it I suppose, so who am I to complain :P

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