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Lakers legend Magic Johnson is the fourth athlete to be worth $1 billion, according to Forbes, joining Michael Jordan, Tiger Woods and LeBron James. ....
The NBA Hall of Famer is worth $1.2 billion thanks to investments in several professional sports teams and a life insurance company that has reached new heights under his ownership. ....
Financing led by Asteroid Partners with new investor Gideon Strategic Partners and returning investors Johnson and Johnson Development Corp., HM Capital,. ....