The Richest Athletes in the World

Magic Johnson, Net Worth: $500 Million

Earvin “Magic” Johnson is an example of an athlete who became a very smart investor. His very successful professional basketball career was cut short when he was diagnosed HIV positive in 1991. He retired from the National Basketball Association (NBA), where he played with the Los Angeles Lakers, as soon as he found out his status, and by 1996, he had fully given up the thought of ever playing again. However, Johnson has since gone on to build and grow an empire in Magic Johnson Enterprises, which consists of Starbucks franchises, shopping centers, and movie theaters in underserved urban areas.