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Athletes who struck it rich or went broke after their playing careers

Yardbarker Logo By Mark Fishman of Yardbarker | Slide 1 of 22: Highly influenced by former Los Angeles Lakers owner Dr. Jerry Buss, Magic Johnson set his sights on conquering the business world after he was finally done with professional basketball in 1996. As of today, Magic Johnson Enterprises, which consists of Magic Johnson Theaters, several credit card ventures and a partnership with Starbucks, is reportedly worth $1 billion. And as if that weren’t enough, the Hall of Fame point guard is also a minority owner of the Los Angeles Dodgers and president of operations of the Los Angeles Lakers.

Magic Johnson

Highly influenced by former Los Angeles Lakers owner Dr. Jerry Buss, Magic Johnson set his sights on conquering the business world after he was finally done with professional basketball in 1996. As of today, Magic Johnson Enterprises, which consists of Magic Johnson Theaters, several credit card ventures and a partnership with Starbucks, is reportedly worth $1 billion. And as if that weren’t enough, the Hall of Fame point guard is also a minority owner of the Los Angeles Dodgers.

© Stephen Dunn/Getty Images

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