Top 4 Sports Stars Who Become Billionaires in 2023/2024
When you think of the richest sports stars in the world, you immediately think of the king sport, football, and names like Ronaldo and Messi. Since June 2020, Ronaldo has been on Forbes' list of sports stars and billionaires. However, the list we updated in November 2023 only includes the four people listed below.
1. Magic Johnson
According to Forbes data, Magic Johnson's net worth is currently $1.2 billion. This helps the former LA Lakers basketball team star follow in the footsteps of Michael Jordan, LeBron James and Tiger Woods to become billionaires born from athletes.
During his career, Magic Johnson played 13 seasons for the Lakers before retiring due to HIV infection. The former star born in 1959 earned $40 million from his basketball career.
Most of Magic Johnson's assets come from the insurance company EquiTrust, where he bought shares in 2015. This company has an asset value of up to 26 billion USD and revenue of over 2.5 billion USD per year. Besides, Johhson also invested in cable TV, movie theaters, gyms and Starbucks franchises.
2. Michael Jordan
Michael Jordan is currently the richest billionaire born from a sports athlete with an estimated net worth of three billion USD. Earlier this month, the 60-year-old former basketball star was on the list of the 400 richest people in America.
Michael Jordan earned $94 million in 15 seasons playing in the NBA. Most of his wealth comes from business and cooperation with big brands. The former Chicago Bulls star earned about 2.4 billion USD before taxes from contracts with McDonald's, Gatorade, Hanes or Nike. Most recently, the NBA legend "pocketed" $260 million in annual royalties from Nike.
3. LeBron James
LeBron James joined the list of world billionaires in 2022 and still maintains a fortune of one billion USD. The LA Lakers star and Tiger Woods are two billionaires who are still playing at the top. Most of LeBron James's wealth comes from his basketball career. After 21 NBA seasons, he earned $479 million, more than 10 times more than Magic Johnson and 5 times more than Michael Jordan.
4. Tiger Woods
Tiger Woods was recognized by Forbes as a billionaire in June 2022 and currently owns a net worth of 1.1 billion USD. The 47-year-old star earned more than $120 million from his golf career. Most of his wealth comes from brand ambassador contracts with brands such as Gatorade, Monster Energy, TaylorMade, Rolex or Nike.
In addition, Tiger Woods also cooperates with music star Justin Timberlake and British billionaire Joe Lewis to invest in luxury real estate.
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