Being a professional athlete can easily make you a millionaire, but these sports stars have expanded their wealth by turning those team paychecks into veritable empires. See how these players have been making bank outside of the sports world.
Last updated: Aug. 7, 2020
1. Shaquille O’Neal
Former NBA pro Shaquille O’Neal has invested his money in companies he believes in — and it’s ended up paying off for him. O’Neal formerly owned 10% of Five Guys’ entire franchise portfolio and eventually sold it, telling CNBC that the burger business was “very good” to him. He was also an early investor in Google and invested in Ring before it was acquired by Amazon for $1 billion.
2. Earvin ‘Magic’ Johnson
- Magic Johnson Enterprises
NBA great Earvin “Magic” Johnson is the chairman and chief executive officer of Magic Johnson Enterprises, an investment conglomerate valued at an estimated $1 billion, according to