Magic Johnson is officially a billionaire, per Forbes

There’s a new Michigan State billionaire in town, and his name is Magic Johnson.

The former Michigan State basketball superstar turned Los Angeles Laker legend, Hall of Famer, and world champion has joined the ranks of the billionaires, according to Forbes.

As of today, Magic’s net worth is around $1.2 billion which makes him the latest Spartan to join the ranks of the billionaires.

Other billionaires to attend Michigan State are Dan Gilbert ($16.8 billion), Tom Gores ($8.7 billion) Mat Ishbia ($6.3 billion), and Steve St. Andre ($6.7 billion). That’s an extremely impressive list of billionaires and not many schools can say they have five famous billionaires, but Michigan State just continues to prove that it’s an elite school.

Magic joining the ranks doesn’t come as a surprise as he owns parts of the Los Angeles Sparks (WNBA), Los Angeles FC (MLS), and Washington Commanders (NFL).

Not only is he one of four Spartans who also own major sport franchises, but he’s one of the richest former athletes in the world.

Magic Johnson, Spartan legend

There aren’t many things that Magic hasn’t accomplished in his lifetime.

First, he was an elite high school prospect and earned a number of scholarships, choosing Michigan State in the end. He ended up winning a national title in his limited time in East Lansing, beating Larry Bird and Indiana State in 1979. And then he was drafted No. 1 overall in the 1979 NBA Draft by the Lakers where he became one of the greatest players in franchise — and NBA — history. He went on to win five NBA titles, three MVP awards, and was named an All-Star 12 times before retiring and being inducted into the Hall of Fame.

Now he’s a billionaire sports owner.

Not too shabby.