With a net worth of US$500 million, Magic Johnson is a retired yet very popular professional basketball player who used to play for Los Angeles Lakers for thirteen seasons. During his professional career, Magic Johnson has won so many things both personally and professionally. He won an NBA championship as well as an NBA Finals Most Valuable Player Award during his rookie season. Later on, he also won four additional championships with the LA Lakers throughout the 1980s. With so many achievements in his cabinet, Magic Johnson is one of the only seven players in history to win an NBA championship, an NCAA championship as well as an Olympic Gold Medal. His life after professional basketball player has been into business aspects. He became a part-owner of the LA Lakers for many years during which he also bought the LA Dodgers in 2012 and the LA Sparks in 2014.