Magic Johnson famously purchased a five percent minority ownership stake in the Los Angeles Lakers during the 1990s for a relatively modest sum compared to modern franchise evaluations. When he later decided to sell his minority share back to team ownership to pursue other expansive business ventures—such as purchasing major stakes in the Los Angeles Dodgers and Washington Commanders—he commanded a massive multi-million-dollar payout that yielded an astronomical return on his initial investment, setting the stage for his entry into billionaire status.