Oh how times change, NBA legend Michael Jordan earned his good $100 million during his entire career as a player while Magic Jhonson earned a good $70 million. Now that they are oth entrepeneurs, Jordan has become one of the wealthiest athletes in history with multiple billion on his name and many business ventures that have includedpart ownership of and NBA franchise, full ownership of a NASCAR team, and owning his own sportswear brand as an offset of Nike. But as it turns out, Magic John is currently in a great position to potentially dethrone Michael Jordan as the wealthiest NBA athlete of all-time. Let's break down what Johnson has done in order to place himself in this postiion that will see him dethrone Jordan in less than 5 years.
The moment Magic Johnson decided to buy the CommandersParker Johnson
Magic Johnson different business ventures
Contrary to the route Michael Jordan took of creating his own brands and owning sports franchises, Magic Johnson took a different route towards becoming the wealthiest billionaire in NBA history. Magic decided to get his hands in as many sports franchises as possibls that includes the NWSL Washington Spirit, a stake in the NFL Washington Commanders, an eSports Franchise called Team Liquid, and inestments in another three teams. Johnson currently has a stake in the WNBA's Los Angeles Sparks, he co-owns the MLS' Los Angeles FC, and he also co-owns the MLB's Los Angeles Dodgers.
Last year, Johnson became the fourth athlete to hit the billionaires list and joined the likes of Tiger Woods, Michael Jordan, and LeBron James. Currently, Michael Jordan's estimated net worth just surpasses $3 million while Magic's recent uptick in business ventures is estimated to elevate his net-worth to at least $3.5 billion oer the next few years. It's not much but Magic Johnson might even surpass Michael Jordan over the next five years by much more than he does today.
