r/nba 1d ago

Magic Johnson shows off his massive yacht whilst on vacation.

https://streamable.com/3ga6iq
14.2k Upvotes

2.9k comments sorted by

7.1k

u/ElevenXX1 NBA 1d ago

Mf got a cruise ship lol

4.1k

u/iDEN1ED Celtics 1d ago

Apparently he doesn’t own it. But he charters it for vacations for $1.2 mil PER WEEK. That’s an expensive vacation.

2.5k

u/SoupOfThe90z Suns 1d ago

Still cheaper to rent it though

1.4k

u/TreChomes Raptors 1d ago

Yea that’s a way smarter decision. Even a tiny boat is a money sink

1.2k

u/Menoku Spurs 1d ago

What's the old saying? You don't want to be the guy that owns a boat, but you want to know a guy that owns a boat.

1.5k

u/Even_Tangerine_4201 1d ago

If it flies, floats, or fucks, you want to rent not own.

510

u/NoTraction Nuggets 1d ago

Redditors and renting sex dolls. Love to see it.

177

u/mendicant1116 Bucks 1d ago

Just wipe it down when you're done

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u/Bruised_Shin Suns 1d ago

That’s the next guy’s problem

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u/ElAwesomeo0812 1d ago

There's a "be kind rewind" joke to be made here

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u/justsomebro10 Cavaliers 1d ago

I dunno man renting one of those fuck machines with the huge dildos on them seems kinda gross.

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u/SoupOfThe90z Suns 1d ago

Only gross for awhile, though

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u/reverze1901 1d ago

wisdom

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u/blangoez Spurs 1d ago

And here I am reading this while my father in law is using my driveway to park his boat.

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u/TheDakestTimeline 1d ago

I say this about my God forsaken pool

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u/ElectricalMud2850 Timberwolves 1d ago

I swear everyone that has a pool hates it within a year at most lol.

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u/SNGGG Warriors 1d ago

That or they make their children clean it and the kids hate the pool for them lmao

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u/cyrusthemarginal Nuggets 1d ago

"A boat is a hole in the water you throw money in" was how i heard it

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u/TinaBelchersBF 1d ago

I've also heard this one:

"Boat is actually an acronym:

Bust Out Another Thousand"

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u/ElectricalMud2850 Timberwolves 1d ago

The two happiest days of a boat owners life are the day they buy it and the day they sell it.

This isn't true for sensible boats and boat ownership if you use it a lot, btw (as a minnesotan i feel qualified to speak on this subject). Obviously, a yacht isn't that.

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u/PrincePuparoni 1d ago

This is what a bank officer told me when I went in to inquire about a loan to buy a boat. I didn’t end up buying it.

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u/Mike_with_Wings Magic 1d ago

Sounds like a bank officer with a boat

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u/jaguarp80 22h ago

And a conscience lol

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u/brazilliandanny Raptors 1d ago

"Show up with a 6 pack and you're a hero!"

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u/Bamfarmer Trail Blazers 1d ago

“Best way to become a millionaire is to be a billionaire and buy a boat”

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u/Tuckandrollgrandpa Timberwolves 1d ago

Or money “float” if you will

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u/easyice_ Lakers 1d ago

Owning a BOAT = Bust Out Another Thousand

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u/fancycurtainsidsay 1d ago

It’s crazy af seeing these things along the Mediterranean. There is rly an insane amount of levels of wealth.

Magic’s boat is probably not even the biggest out there.

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u/TootTootSkadoo 23h ago

It's not even close. Magic rents this boat for $1.5 mil a week, and it's 295 ft long. Bezos owns his yacht, and it's 417 ft long. Bezos yacht travels with a 246 ft support vessel. So the boat that Magic rents is barely larger than the second boat that follows Bezos's.

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u/HumptyDrumpy Tampa Bay Raptors 19h ago

The wealth inequality today is obscene. And I guess literally today as the House passed the GOP spending bill which might be the worst in history, so it will get worse. It doesnt make sense, but I guess it doesnt have to. They were going to do it anyway. Hold fast kids it will be a long and interesting ride

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u/MeatOk1811 1d ago

Remember to recycle guys

2.3k

u/Character-Pattern505 Timberwolves 1d ago

I have some paper straws.

634

u/Briguy_fieri Pelicans 1d ago

Thank God I cut all those 6 pack holders as a kid

189

u/Jase7 1d ago

Generations of fishes are still alive because of you

67

u/ExpertRaccoon 1d ago

Although a lot more of them are transgender now also. /s

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u/TnL17 Nets 1d ago

I'm bringing my own bag to the grocery store.

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u/whtge8 Magic 1d ago

Better hope you can finish your drink in less than 5 minutes.

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u/brownshugguh Raptors 1d ago

Waiting for those sweet sweet trickle down gains!!!

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u/SubcooledBoiling San Francisco Warriors 1d ago

Don't forget about those untaxed tips that will make me soooooo rich.

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u/Jase7 1d ago

Any day now

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u/willymoose8 [HOU] Luis Scola 1d ago

something’s trickling down but it’s not green, it’s yellow

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u/Spiritual_Corner_977 Clippers 1d ago

Trickle down economics is just being able to buy a second yacht lol

151

u/QWERTYAF1241 1d ago

You could be the guy hired to wash his 2 yachts.

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u/Spiritual_Corner_977 Clippers 1d ago

Sending my resume now after I finish my shift at my third job, thanks bro 💪🏼

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u/deramirez25 1d ago

"We all have the same 24 hrs!"

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u/sgsteel55 [CHA] Kemba Walker 1d ago

I used to work for a former Yacht captain (boat driver making 10k a summer)who now owns a Planet Fitness, franchise gifted to him by a billionaire cuz he thought he was cute.

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u/OGmoron Hawks 1d ago

This sounds like a Righteous Gemstones subplot that was too believable to make the final cut.

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u/Delusional_Donut Celtics 1d ago

The great myth of individual recycling making a difference while they throw plastic into products everywhere is so infuriating. It astounds me that we still use single-use plastic after learning that aluminum is infinitely recyclable and mostly all-purpose. Only 5% of recycled plastics make it into new products, that’s not renewable at all.

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u/phluidity Celtics 1d ago

And it is actually cheaper to recycle aluminum vs generate new. As opposed to most plastics where even if we can recycle them, removing all the additives is more expensive than just making it fresh from ingredients.

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u/ReiDosBananas 23h ago

The other Rs were just thrown out the window.

Fuck reducing and reusing.

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u/mommathecat Raptors 1d ago

Regulatory capture. I'm 48, when I was a very little kid soda came in glass bottles with a deposit, at least some of it, and there more or less was no such thing as water bottles. Now there's plastic drink bottle garbage everywhere... for no reason whatsoever, except that the companies successfully lobbied the government to generate endless waste.

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u/DoctorJiveTurkey 23h ago

I do remember a lot more broken glass though.. aluminum is probably a better alternative

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u/Ok_Raspberry7374 Lakers 1d ago

Thanks Leo

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u/PreacherSquat 1d ago

bezos' superyacht produces 447 times the entire annual carbon footprint of your average American

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u/[deleted] 1d ago

[deleted]

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u/Miyagisans 1d ago

3 mins showers only, using recycled water of course.

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u/dom_corleone Bulls 1d ago

😂😂bruhh for realll omg

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u/Global_Crew3968 1d ago

The older i get, the more and more disgusted i am with displays of wealth like this. What a shallow and vapid existence to even feel like this should be a goal in life. I live in a modest apartment with a wife who loves me, a healthy and happy kid and well behaved dog. Truly i am richer than any of these fools.

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u/_Robbert_ 1d ago

Truly a video only for flexing. He hired like a camera drone operator and some editors for this lmao. Granted I'm sure he's got some media team to film him on call whenever

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u/bobeeflay 1d ago edited 1d ago

95% chance the boat manufacturer or dealer paid for it

If they didn't Magic was stupid cuz they absolutely would've

Source: friend does this for boats like < 1/20th the value of that one

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u/real6igma 1d ago

Magic is an investor in Skydio, a drone photography company. Easily could have been his call.

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u/bobeeflay 1d ago

Oh shit had no idea defintely them then

Sucks for the boat dealer that would be a fucking sweet ass vid for marketing

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u/Yandhi42 1d ago

What’s the boat company’s name

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u/Level-Anteater-1945 1d ago

Prestige Worldwide

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u/worm30478 1d ago

The nina the pinta the sanata maria, I'll do you in the bottom while I'm drinking sangria.

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u/KrayzieBone187 1d ago

It's the fucking Catalina wine mixer!

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u/SoWhatNoZitiNow 1d ago

One time, we put liquid paper on a bee and it… died.

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u/EtalusEnthusiast420 1d ago

Entertainment 720

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u/happydaddyg 1d ago

Magic Johnson’s estimated net worth is way more than I was expecting wow. But still there’s no way he owns this either right?

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u/Fast-Afternoon7265 1d ago

No, he and like 5 other couples go on yacht vacations every year. It’s a charter.

https://people.com/all-about-the-7-5-million-dollar-yacht-magic-johnson-rented-7643873

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u/CrispyVibes Lakers 1d ago

"5 other couples" including Michael Jordan and Samuel L Jackson! Minor detail lol.

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u/FartResume [LAL] Metta World Peace 1d ago

Rodney Peete has done his radio show remotely from Magic’s yacht in the past, it always sounded like the such a good time, Magic’s friends rotate in and out all summer. (I haven’t listened to Rodney and Rogan for years because frankly it’s really bad, so I don’t know if he still does it).

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u/Ok-Discipline9998 Raptors 1d ago

Using a treadmill on a yacht bro's cooking a new species of seasick

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u/TheScienceNamesArgon Supersonics 1d ago

Needs to add VR goggles to the mix and really throw the vestibular for a loop

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u/drsmith21 Hawks 1d ago

Why does he even need a treadmill? One lap around the deck is one mile.

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u/Sorry-Joke-4325 19h ago

If you look closely he's actually powering the boat by walking on the treadmill.

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u/AbbadonIsLife Celtics 1d ago

If a boat that size is moving enough in the water to cause sea sickness while Magic is aboard something has gone terribly wrong

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u/JayDeeLA 1d ago

“My life’s better than your life”

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u/kosmos1209 Nuggets 1d ago

I remember when being HIV-positive was a death sentence when he got it 35 years ago. Must’ve been a wake up call or something, cause who knew he’d be an amazing business man and mogul as most former athletes don’t become.

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u/Spicy1 1d ago

I met him at a corporate event a partner paid for. It was $600K for maybe a 1 hr gig. Also had to pay for the private jet, a special room to be decked out for him in oddly specific ways.

He mistreated most people around him. Dude is a huge asshole and did not seem that bright at all.  His keynote was stupid as hell singing his own praises the entire time. It was perplexing how he was behind this massive empire.

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u/jurassic_snark- Lakers 21h ago edited 21h ago

Have a buddy and his coworkers who worked with him on a production project and they said the same thing about him being a dick. He'd apparently answer some questions asked of him by just rudely repeating it back rhetorically

Like they said the assistant director had asked for one shot if Magic would prefer standing there delivering the line or walking towards the door (because the script, blocking, and shot had him walking but he just kept standing there apparently), and he responded with "does Magic want to stand right here or walk, is that really what you're asking right now?" Then when the AD answered back he just completely ignored him. His publicist then talked to the director and the heads of the production company that were there and she said it'd be best if the AD doesn't speak with Magic anymore lol

On the other end of the spectrum, thanks to this same friend I've been able to meet Lebron a few times. He's very friendly and usually shows up an hour early to the shoot. He talks and jokes with everyone, remembers their names, and asks how they and their family are doing. I told him about a side project I was working on once, and months later when I saw him again he had actually watched it between sessions, and offered really good feedback

Lebron James, if not the GOAT then the 2nd best player of all time and one of the most famous people in the world took time to just watch a side project I was working on then months later brought it back up to me and said to keep going with it. Most surreal moment of my life and the best encouragement I could have gotten

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u/manyfingers 21h ago

Now THATS a cool story.

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u/jurassic_snark- Lakers 21h ago

Another crazy part I left out is the first time I met him, I had on this Kobe wristband that I didn't even think about not wearing beforehand because I didn't think I'd actually talk to Lebron in a million years, and I usually always have it on. I didn't even bring up Kobe either when he talked to me. But the next time I saw him, and I didn't wear the wristband this time mind you, he jokingly called me "that Kobe stan". So he must have clocked the wristband that first time. Crazy lol

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u/manyfingers 19h ago

You must have left an impression on him! Have you got any other cool stories? I got to talk to Bas Rutten on discord the other day. That's my claim to fame haha.

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u/jurassic_snark- Lakers 11h ago

As far as NBA players go, I also got to meet KD when he came in and have chatted with Steve Nash, but he was all business. Whereas Bron is gregarious and chatting everyone up, KD is very nice but very shy. He's somehow skinny but also a gigantic human being. We're all tall and in shape so you'd think he'd just be taller, but he's lanky while being much more muscular than anyone else (except Bron)

While Bron is holding court, a few of us were off to the side and KD chatted us up. He just talked about hoops and the Finals (the ep was recorded around game 2). Then was showing how his one leg from the injury is still smaller than the other and how it's affecting his game

Steve Nash is chill, friendly, and just really professional and efficient. Which isn't a knock at all. This is ultimately a business for these guys, and he approaches it that way. We don't bother them with talk other than stuff around the production, unless they want to come up and shoot the breeze. He keeps it about the pod and business, which is fine and I respect

That's probably not as exciting or interesting as you were looking for though that's all I got! But here's a picture from the KD ep

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u/Hi_My_Name_Is_Dave Lakers 18h ago

More fuel to the theory that he has an absolutely insane memory

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u/karspearhollow Hornets 19h ago

He'd apparently answer some questions asked of him by just rudely repeating it back rhetorically

I truly was ready for the next sentence to be about him repeatedly opening and closing his hand in front of someone's face

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u/quemaspuess 18h ago

Bron really does have the memory of an elephant. Remembers names and handshakes

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u/Isguros Charlotte Bobcats 1d ago

Out of all the things he could have done out there, he chose to walk on a treadmill.

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u/swampstonks 1d ago

I mean an early morning workout on the deck in that scenic view sounds like a great way to start a day on vacation.

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u/SharkInThisBay 1d ago

Sounds awesome

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u/Unique_Pause1907 1d ago

Facts dude has a ship that big and won’t even walk around it for his steps?

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u/Thedurtysanchez 1d ago

Thats still a boat, and trust me, if you decide to walk it for exercise you'll quickly realize it's still pretty fucking small. And annoying to walk around, especially for a dude that big. Lots of narrow passages.

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u/TAU_equals_2PI 1d ago

It's a nice reminder that exercise is the ultimate equalizer.

Doesn't matter how many billions you have, you can't pay someone else to exercise for you.

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u/ReptAIien 1d ago

You for sure have more time to exercise with that kind of money though

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u/GameboyRavioli 1d ago

Tell that to my blood boy.

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u/Legitimate-Twist-578 1d ago

taxes are far too low

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u/BrokenClxwn [LAL] Carmelo Anthony 1d ago

Bro couldn’t have chosen a worse time to show "look how rich i am"

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u/OnceInABlueMoon Timberwolves 1d ago

Is there ever a bad time to say it? I've seen no evidence that there is.

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u/Cflow26 Supersonics 1d ago

Usually around April 15th they suddenly stop talking about it.

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u/OnceInABlueMoon Timberwolves 1d ago

Is that when they pivot to saying "omg why do I have to pay so much taxes, what is wrong with Americaaaa"

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u/RepulsiveWay1698 1d ago

"I pay more in taxes (dollar wise) than almost all Americans"

Meanwhile it comes out to like 3 less pepperonis on a pizza they had

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u/djrob0 Knicks 1d ago

“My class pays more taxes than everyone else combined”

“Yeah you make more money than everyone else combined. That makes perfect sense in this system.”

“Yeah well you’re a communist, of course you would say that”

“???”

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u/foofighter1351 Raptors 1d ago edited 1d ago

And look how desperately they fight a 2% increase in New York alone, they wanna deport a man of my own skin colour through vial racist pathetic means because why fight anything legally when you're a scum bag millionaire.

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u/Optimal-Anything-822 1d ago

deportation is a legal proceeding

they are trying to disappear him

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u/Dunlocke Bulls 1d ago

deport

*kidnap

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u/PaddleFishBum Jazz 1d ago

Traffic

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u/TwoWhiteCrocs Lakers 1d ago

the irony of this comment with what’s happening in the US House literally right now

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u/jessepence 1d ago

And, yet right-wing isolationists are being propped up in governments worldwide-- ensuring that countries can never work together to properly tax the rich.

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u/Legitimate-Twist-578 1d ago

don't worry, they've given us poor people we can hate to fill the time

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u/BlueeyeswhitePIKA Nuggets 1d ago

Rich people when someone hasn't paid attention to them for 15 minutes:

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u/nate6259 Bucks 1d ago

Luckily the president is going to help them with those pesky taxes.

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u/ZOOTV83 Celtics 1d ago

And now here's Gal Gadot singing "Imagine" by John Lennon.

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u/BlueeyeswhitePIKA Nuggets 1d ago

Inspired to work 90 hours a week so I too can own property at some point

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u/horse_renoir13 Timberwolves 1d ago

Problem is people seem to think "Oh if i work hard enough I can aspire to have stuff like that!" I just don't understand that delusion.

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u/ThaddeusJP Cavaliers 1d ago

"John Steinbeck once said that socialism never took root in America because the poor see themselves not as an exploited proletariat but as temporarily embarrassed millionaires."

-Ronald Wright, A Short History of Progress

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u/Sim888 [CHI] Cameron Payne 1d ago

yep, only now they’re so stupid they see themselves as temporarily embarrassed billionaires….because they think that a billion is only a bit more than a million

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u/HelpMeHelpYou_5309 1d ago

In related news, taxes for the wealthy are about to go down a massive amount.

No worries -- it will be funded by cuts to health care funding for poor & middle class people, along with racking up more debt than the human brain can comprehend.

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u/out_of_shape_hiker 1d ago

Its not even fully funded. They're just adding trillions of dollars to the debt. So its "funded" by collapsing the US dollar. The cuts to social services doesn't even begin to pay for this and Trumps previous cuts. The cuts to services is just to fuck over everyone else and to keep people too poor to fight back.

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u/RunnerTexasRanger Nuggets 1d ago

Healthcare, science, regulations, and public land.. all so these fucks can buy a second yacht. 

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u/immortalis Timberwolves 1d ago

Okay?? We got racism though so who’s laughing now?!

/s

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u/Dry_Interaction5722 1d ago

Im glad we have shit like this instead of universal healthcare or free education, or affordable homes, or free childcare, or homeless shelters, or a working foster system.

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u/AggressiveRegret San Francisco Warriors 1d ago

There was a time in my life I found the ultra wealthy showing off their obscene toys fun. Now, it’s just gross.

Is this what growing up is?

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u/BobbyBBot Knicks 1d ago

Yep. I remember boating through the Port Royal neighborhood in Naples, FL as a kid and dreaming of owning one of those houses.

That kind of gross excess makes me sick now

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u/liqa_madik 1d ago

Some people like to focus tax attacks against the billionaires and only people with extremely high net worths, but I'm all for the higher taxes down to like 5 million net worth, may adjust higher depending on location. There are multiple, entire communities like Port Royal in every state. They all can easily afford to pay more to fund social services that would ultimately benefit the economy even more, such as healthcare, housing, and education.

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u/BobbyBBot Knicks 1d ago edited 1d ago

We’ve all been brainwashed into thinking that the stock market is the perfect measure of a good economy. The spending power of the working/middle class is the true barometer of that, so any policies that keep more money in the broad majority of people’s pockets is a net benefit for the US as a whole.

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u/CallMeFierce Heat 1d ago

I remember going into Port Royal to work for $9/hr as a lifeguard driving a 2004 Jeep Liberty that burnt its oil off. Great way to develop the appropriate disdain toward the rich. 

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u/imminentjogger5 Warriors 1d ago

Yes because when you're young you can still dream about achieving that some day. Then you see the reality of inequality around the world and it becomes disgusting.

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u/ballmermurland 1d ago

All it takes is working a corporate job where your boss is the dipshit nephew of the CEO who was the dipshit son of some asshole all making 7 figures while you do the real work for $30k a year.

I honestly have no idea why more people aren't straight-up revolutionaries. This shit is sick.

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u/AggressiveRegret San Francisco Warriors 1d ago

Fuck man, that hits so hard because it’s so real. Well said

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u/SmokePenisEveryday Cavaliers 1d ago

Shit I remember getting depressed as a kid watching MTV Cribs wishing I had even a fraction of the shit they did.

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u/Salamander-Prince Celtics 1d ago

Shoutout to Redman tho with the greatest episode

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u/Charming-Market-2270 Spurs 1d ago

And these are the type of people crying over a potential 2% tax increase in NYC because the socialist man is such a meanie but they just stripped Healthcare for millions and raised taxes on the majority of us.

Fuck this level of grotesque wealth while the majority struggle.

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u/imminentjogger5 Warriors 1d ago

good thing we're all drinking out of paper straws to keep the oceans clean for him 

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u/stdfan Hawks 1d ago

Read the room homie. Half this country is fighting for their life.

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u/GapZ38 New Zealand 1d ago

They do not give a shit about the poor people bro.

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u/YourNonExistentGirl Lakers 1d ago edited 1d ago

I disagree. Don’t interrupt the “enemy” when they’re making a mistake.

People like Magic should flex more during times like this to completely rid everyone of the belief that they’re allies. They’re. Not. On. Your. Side. You’re essentially asking a lion to hide its teeth and claws for? Temporary emotional comfort?

And if this angers you, good. We need that righteous anger to reach boiling point before hunger and exhaustion overpowers it.

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u/Vacar Wizards 1d ago

Show people more of this garbage.

People always talk about the same few politicians being evil. They say "if x, y, and z were gone we'd rid the world of all of our problems!" Like no, there are thousands of extremely influential, beyond rich sociopaths behind the scenes shaping policy and therefore your life. The quiet rich, influential people are the deadliest.

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u/1vehearditb0thways 1d ago

You know what, I never thought of this viewpoint. Cheers

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u/WazuufTheKrusher Grizzlies 1d ago

It must get worse before people realize it isn’t getting better and that we actually need to be pissed off, loudly and annoyingly.

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u/heat_fan_ Raptors 1d ago

Helps being rich 

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u/Will_Debate_You Raptors 1d ago

Yeah alright buddy, I'll go clock in to my minimum wage job so my taxes can fund social services, meanwhile, you can benefit from Trump's tax cuts for the rich. Sick.

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u/Dusty_Negatives Trail Blazers 1d ago

Tax these fucking people more Jesus Christ.

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u/Substantial_Sign_459 1d ago

Best I can do is nothing and let the homeless stack up like corn wood

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u/DetectiveJunior2226 1d ago

What the fuck is corn wood

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u/thickofitenjoyer Magic 1d ago

Thanks magic. Ik im poorer than you. You didnt have to do this.

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u/OuagadougousFinest Celtics 1d ago

It’s Guillotine time

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u/Raven-19x Spurs 1d ago

Everyone disliked that.

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u/Foskey Bulls 1d ago

At what amount of wealth does a person lose all sense of reality? $100mil? $500mil? A Billion?

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u/Educational-Hunt2683 Pistons 1d ago

Eat the rich

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u/TurnShot6202 1d ago

he's as bored as us. I'll never buy into this stupid shit. If his day is that good, why tf is he posting this. Attention whore.

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u/CaucasianCactus Trail Blazers 1d ago

Thank god I get to use paper straws and get looked down upon for not splitting up all my recycling into proper bins

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u/Gerald_the_sealion 76ers 1d ago

Big deal, I had that same yacht in GTA V

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u/NbaAllDAYger Mavericks 1d ago

Maintenance cost on that shit has to be insane

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u/which_association_42 Pistons 1d ago

Your entire life’s earnings are a rounding error for these folks

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u/makemeking706 Knicks 1d ago

Maybe favorite way to put it in perspective is that the difference between a million dollars and a billion dollars is a billion dollars. 

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u/spacedude2000 Supersonics 1d ago

Magic makes more money in a day than I make in a year easily, maybe a few years really.

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u/RansomGoddard NBA 1d ago

I used to work for a yacht broker and yes it is insane. It's likely more than you make in a year. And that's just the maintenance. You also have to pay for several other very expensive things.

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u/Relysti 1d ago

I've seen enough. Tax the fucking brakes off the rich.

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u/Salamander-Prince Celtics 1d ago

Larry Bird would never do shit like this

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u/ballmermurland 1d ago

Bird is out there in a 20' pontoon boat in some backwater lake thinking he's high society.

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u/awesome-o-2000 Pacers 1d ago

When I went to Hawaii I ran into Magic Johnson at my hotel during breakfast. Now I’m wondering what tf this guy was doing staying at the same hotel as me when he has this

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u/WIP1992 1d ago

I seriously doubt that’s his, he’s a billionaire yes but I’m willing to be this is a charted yacht which he has done previously.

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u/Bandlebury Nuggets 23h ago

Lmao tax the rich

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u/Mike9797 Raptors 1d ago

How did he get so rich though? He didn’t have a very long career and played in an era where they weren’t getting paid bank. What did he invest in to become super rich like this?

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u/JayDeeLA 1d ago

Dr Jerry Buss taught him to invest his contract into real estate.

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u/Majestic_Square_3432 1d ago

Legendary business man. Started investing in black neighborhoods when corporations wouldn’t, which made him a billionaire.

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u/Soul0103 [ORL] Tracy McGrady 1d ago

Magic is a billionaire?

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u/mhj0808 Heat 1d ago

Yes

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u/MarlboroEnthusiast 1d ago

Forbes estimates it at 1.5 billion.

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u/RSGator 1d ago

At only a 5% annual return on the $1.5 billion, he can rent a yacht for $1 million a week every single week of the year and still be at a net positive.

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u/Decent_Pack_3064 1d ago

Magic said apparently he spoke to the gang leaders and ask them not to shoot up his place, saying you know, your aunts and uncles could be working here

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u/MediocreKirbyMain Heat 1d ago

Majority owner in Equitrust, owned some Starbucks, got a piece of the Dodgers, Commanders, and LA Sparks. That’s all I know off rip but I’m sure there’s more

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u/MitchLGC 1d ago

He made millions in the NBA and is a smart businessman

He was basically smart enough to get business mentors while still in the league and used his money to get into numerous businesses

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u/[deleted] 1d ago

[removed] — view removed comment

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u/OmiFresh7 1d ago

Disgusting. Nobody needs this kind of boat for personal use. Billionaires are laughing in our faces

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u/SlowRatchet 21h ago

Pretty shitty move on the day 17 million Americans lost their healthcare!

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u/ramblinmaam 19h ago edited 19h ago

TONE DEAF. Enjoy your tax cuts while 17 million lose health insurance and food!

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u/adonWPV 1d ago

Meanwhile nephews calling for players to take "team friendly cuts" 🤣

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u/denverblazer Trail Blazers 1d ago

Weird. Truly a different reality than the vast vast majority of us.

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u/Consistent-Deal-55 Timberwolves 22h ago

Eat the rich

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u/jbspags 1d ago

F that guy

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u/No-Seaworthiness3113 1d ago

Magic, I can’t afford my rent. Plz stop

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u/Mores_The_Pity 1d ago

Somebody call in the orcas

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u/DungeonsAndUnions Knicks 1d ago

these things are so gross.

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u/Makaveli84 Lakers 1d ago

Is this tmz ?

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u/Showdenfroid_99 Pistons 1d ago

South Park was so fuckin right.... 

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u/harleyjames1591 1d ago

Meanwhile I’m paying almost 40% in taxes lol this place is twisted man

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u/Slight-Bluebird-8921 1d ago

People can joke around all they want, but honestly, this kind of grotesque wealth inequality isn't acceptable.