Magic Johnson’s wealth has crossed the billion-dollar mark, according to Forbes.

There is one team on Magic Johnson’s radar for ownership outside of the Los Angeles Lakers.

Earvin “Magic” Johnson Jr. is opening up about a time where he missed out on the ultimate business deal.

The ownership group that features Magic Johnson has agreed on a deal.

Magic Johnson is said to have joined the bidding war to purchase the Washington Commanders, The Washington Post reports.

Imagine it: the year is 1984, and between the bright neon color tracksuits and massive brick cell phones, Prince had the number one song on the charts with “Doves Cry.” And while this seems like a wild time, it was all in line with the eccentric characteristics of the era. Technology was evolving, perspectives were shifting, and money was being made. The year 1984 was also the start of a 25-year contract for NBA legend Magic Johnson.

Shaquille O’Neal once turned down what later became a lucrative deal for someone else.

If he doesn’t do anything else, Magic Johnson will always be about his business! The NBA legend turned entrepreneur extraordinaire is officially taking his talents to the metaverse through SimWin Sports as an owner, investor, and advisor. “I’m so excited to be involved with SimWin, which is blazing a trail in one of the hottest new business sectors and has a great team leading the charge,” Johnson said in an official news release shared with AfroTech. “This multi-billion-dollar business is about to take off and the SimWin model is an excellent way for sports fans to get involved in this groundbreaking opportunity. I look forward to contributing to its growth and success. get ready for the Inaugural Draft Class NFT player drop coming soon. I might just draft one of your players for my team.”