Magic Johnson | $600 Million

Magic Johnson is a retired American professional basketball player. He was born Earvin Johnson Jr. but earned the nickname ‘Magic’ for his undeniably magical skills on the court. Despite the fact that he has been out of the game for years now, he remains one of the sport’s legends. It was he who brought more ideas, wisdom and skills to the basketball court, making the game watchable and competitive to a new level in the 1980s.

It isn’t too surprising that Johnson has managed to earn a net worth of $600 million. What sets him apart from other retired professional basketball players is his wise decision to put his investments into different businesses. Johnson is now one of the wealthiest African-Americans to date. The retired baller also continues to have partnerships with multiple brands such as Starbucks, AMC Theaters, T.G.I. Fridays and 24-Hour Fitness to name a few.