Former basketball star Magic Johnson has been declared a billionaire by Forbes, making him only the fourth athlete to join the exclusive club

The business magazine estimates Johnson’s wealth at about $1.2bn (£990m). The otherathlete billionaires are NBA players Michael Jordan and Lebron James, and the golferTiger Woods.The 64-year-old Johnson, who made $40m from his NBA career has investments innumerous companies including ownership stakes in various sports teams.But Forbes says his stake in a life insurance company holds […]