In 1994, Johnson briefly coached the Los Angeles Lakers before realizing that coaching wasn’t for him. So, he instead bought 5 percent of the franchise that he led to five NBA championships, and he held onto that ownership stake for 16 years.
Johnson sold his Lakers stake for $27 million in 2010, and many wondered if that meant there was something else on the horizon for the Hall of Famer. It turns out there was, as just over a year later he joined a group that made a bid for ownership of the neighboring Los Angeles Dodgers. It was a successful bid, and Johnson became a Dodgers owner in 2012, then added to his ring collection by winning a World Series in 2020.
Johnson has since gone on to acquire stakes in both the Sparks of the WNBA and LAFC of MLS. Thus, the legendary Johnson has, at one point, owned four of the 11 major pro sports teams in the City of Angels.
