9 NBA Players Turned Successful Entrepreneurs

2. Magic Johnson (Estimated net worth: $500 million)

Earvin “Magic” Johnson ranks second on our list of NBA players turned successful entrepreneurs. He played with the L.A. Lakers his entire career and gave five championship titles to the franchise. He is a three-time Finals MVP and three-time regular season MVP. Johnson is also part of the “Dream Team” that won the gold medal for the U.S. in the 1992 Olympics. Before the 1991-92 season, Magic found out that he had HIV. Despite being retired, he was voted by the fans to play in the 1992 All-Star Game.  He is known as the tallest point guard in the league.

Johnson’s magic isn’t limited to the court alone, he also extended it to his business ventures. He started Magic Johnson Enterprises, a company that brings popular brands to urban neighborhoods. His partners include T.G.I. Fridays, Starbucks, AMC Theaters, and 24 Hour Fitness. In 2011, he joined Detroit Venture Partners and currently has Stylecaster, FLUD News, and Sociocast in his portfolio. He is also a part owner of Los Angeles Dodgers, a Burger King franchisee, and a real estate investor through his Canyon-Johnson and Yucaipa-Johnson funds.