#2 Magic Johnson - $600 million
Magic Johnson is known for his success on the basketball court as the star point guard for the Showtime Los Angeles Lakers who powered his way to five NBA championships during the 1980s. But since his second retirement in 1996, he’s become a business mogul, making the bulk of his net worth as the CEO of Magic Johnson Enterprises (MJE), a billion-dollar conglomerate he started in 1987.
He's also started enterprises like ASPiRE, a television network; Magic Johnson Bridgescape Academies, which helps high school dropouts get diplomas; and Clear Health Alliance, which helps provide health-care for HIV/AIDS patients. Johnson once also owned 105 Starbucks and a 4.5% stake in the Lakers. He sold both and collected a reported $100 million in 2010.
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In 2012, he partnered with Guggenheim Partners (an investment firm) to buy a controlling stake in the Los Angeles Dodgers for $2.15 billion. According to official MLB reports, this was the highest amount of money ever paid for a North American sports franchise.
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