After a remarkable 13-season career with the Los Angeles Lakers, Magic Johnson transitioned into a thriving business career, amassing a net worth of $1.5 billion. His entrepreneurial ventures span various industries including food, real estate, healthcare, and entertainment. Forbes highlights that a significant portion of his wealth derives from his stake in Equitrust, a life insurance company managing assets worth $27 billion.
In addition to his business pursuits, Johnson has invested in sports team ownership, holding stakes in the Washington Commanders (NFL), Los Angeles Dodgers (MLB), Los Angeles Sparks (WNBA), and Los Angeles FC (MLS). Recently, Johnson received exciting recognition when Forbes named the Los Angeles Sparks one of the most valuable women’s sports teams in 2025. Ranked 13th overall with a valuation of $235 million, the Sparks stand as the eighth most valuable team in the WNBA.
Johnson took the opportunity to clarify an error in Forbes’ reporting, which mistakenly named Eric Holloman as the Sparks’ owner. While Holloman is the managing partner and governor, Johnson pointed out that Mark Walter is the majority owner, with partners including himself, Todd Boley, Robert Patton, Stan Kasten, and Billie Jean King. Walter appointed Holloman to oversee the team’s operations. Notably, Walter and Johnson led the group that purchased the franchise from the WNBA in 2014. Following the correction, Forbes updated their article to properly reflect Walter’s ownership.
Johnson’s pride in the Sparks’ rise underscores their growing importance and value within women’s professional sports.
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Fan Take: This news is a significant milestone for WNBA fans as it highlights the increasing value and visibility of women’s sports franchises, reflecting broader growth and investment in the league. It signals promising opportunities for the future of the WNBA, encouraging greater fan engagement and inspiring young athletes nationwide.
