Richest Black Celebrities In The World – Black Billionaire

22. Magic Johnson | Net Worth: $500 Million

Magic Johnson is an American retired basketball player and also the former president of the National Basketball Association. He has won a championship and an NBA Finals Most Valuable Player Award.

He became a two-time inductee into the Basketball Hall of Fame and he also has been rated the greatest NBA point guard of all time. He was chosen as a member of the 1992 United States men’s Olympic basketball team. He has been honored as one of the 50 Greatest Players in NBA History in 1996. He became part of a group of investors who purchased the Los Angeles Dodgers in 2012 and the Los Angeles Sparks in 2014.