Magic Johnson declared a billionaire by Forbes

Former basketball star Magic Johnson has been declared a billionaire by Forbes, making him only the fourth athlete to join the exclusive club.

The 64-year-old had one of the most iconic careers in NBA history before retiring in 1996, but it was outside of sport where he made most of his money.

Forbes states that Johnson made $40m from his NBA career.

Johnson says he could have become a billionaire sooner had he not turned down shares in Nike when he was entering the NBA in the 1970s.

“My family didn’t come from money, that’s one thing that hurt us sometimes.

When you don’t come from money, you don’t know?

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Source: ameyawdebrah.com