Former professional basketball star Magic Johnson has been declared a billionaire by Forbes - becoming only the fourth sportsperson ever to join the elite club. The wealth magazine estimates Johnson is worth around $1.2bn (£990m). He joins fellow former NBA players Michael Jordan and LeBron James, and golf star Tiger Woods, in reaching the billionaire benchmark. Johnson made his initial millions playing professional basketball in the 1980s and 1990s, but retired from playing in 1996 following his HIV diagnosis. The 64-year-old American, whose real name is Earvin Johnson, only made around $40m (£33m) during his time ... (full story)