Magic Johnson Net Worth $620 Million - The Magic Creator
He was chosen by the Los Angeles Lakers as the first overall player in the 1979 NBA Draft after winning basketball titles in high school and college.
He spent 13 seasons as the Lakers' point guard. In his first season, he won both the NBA Championship and the Most Valuable Player Award. Johnson served as the Lakers' previous president of basketball operations.
|Date Of Birth||Aug 14, 1959|
|Place Of Birth||Lansing|
|Profession||Talk show host, Basketball player, Actor, Film Producer, Athlete, Entrepreneur, Television producer, Basketball Coach|
|Nationality||United States of America|
|Net Worth||$620 Million|
COPYRIGHT_PNW: Published on https://purenetworth.com/magic-johnson-net-worth/ by - on 2023-01-13T09:05:44.164Z
In Lansing, Michigan, on August 14, 1959, Magic Johnson was born. His mother Christine worked as a school janitor, while his father Earvin Sr. was an assembly line worker for General Motors.
Magic had a passion for basketball while growing up and idolizing players like Earl Monroe.
Johnson attended Everett High School, where he soon joined the basketball team. The moniker "Magic" was given to him by a local reporter when, at the age of 15, he recorded a triple-double of 36 points, 18 rebounds, and 16 assists. When he led his team to the state title in his senior year, the reputation was cemented.
Johnson had offers from every prestigious institution, but he chose to attend Michigan State University rather than go far from home.
When Indiana State University and its great player Larry Bird were their opponents in the NCAA championship game in 1979, Magic's squad fought them.
Their matchup gave rise to one of the biggest rivalries in sports history and became the most watched college basketball game ever broadcast on television.
Following Michigan State's victory against Indiana, Johnson was voted the Final Four's Most Outstanding Player.
In a low-key ceremony held in Lansing, Michigan, Johnson wed Earlitha "Cookie" Kelly in 1991.
Earvin III (EJ), the couple's kid who was born in 1992 and is openly homosexual. EJ had an appearance on Rich Kids of Beverly Hills, a reality TV program.
In 1995, Magic and Cookie adopted Elisa as a child. Johnson and his wife split their time between Beverly Hills and Dana Point, California.
In addition, Johnson has a son from a previous marriage. Andre Johnson was born to Melissa Mitchell in the year 1981.
Andre was brought up by his mother, although he visited Johnson every summer and subsequently served as the company's marketing director.
In order to fight HIV, Johnson established the Magic Johnson Foundation after disclosing his condition in November 1991.
Along with being an entrepreneur, philanthropist, and broadcaster, Johnson has fought for safe sex and the prevention of HIV/AIDS.
His shocking public disclosure of his HIV diagnosis in 1991 helped to shatter the preconceived notion that HIV was a "gay sickness" that heterosexuals didn't need to be concerned about.
Magic was selected by the Los Angeles Lakers as the first overall choice in the 1979 NBA Draft. Magic and his colleague Kareem Abdul-Jabbar led the Lakers to the NBA title in his first season, and Magic was honored as the MVP of the NBA Finals.
With the Lakers in the years 1980, 1982, 1985, 1987, and 1988, Magic won five NBA Championships.
In 1980, 1982, and 1987, he won the NBA Finals MVP award three times. In 1987, 1989, and 1990, he won the NBA Most Valuable Player award three times.
He attended the All-Star game 12 times and won the MVP award twice. He is regarded as the best point guard to ever play the position. Magic's career was ended in 1991 when he contracted the HIV infection.
Near the conclusion of the 1993–94 NBA season, Magic made a comeback as the Lakers' head coach.
At the request of team owner Jerry Buss, he took the position of Randy Pfund and Bill Bertka.
The Lakers originally performed well under Johnson's leadership, winning five of their first six games.
However, after losing their next five games, Johnson announced that he would be stepping down as coach at the end of the current season.
With a ten-game losing run to end the season, Johnson's final record as head coach was 5-11.
He said that coaching was never in his plans, therefore in June 1994 he bought a 5% stake in the organization.
Magic Johnson, who was 36 at the time, tried to make a return as a player by rejoining the Lakers for the 1995–96 campaign.
Johnson saw his last return as "a success" despite the Lakers' 22-10 record during the games he participated.
Johnson announced his definitive retirement after the Lakers' opening-round playoff loss to the Houston Rockets.
With 17,707 points, 6,559 rebounds, and 10,141 assists in 905 NBA games, Johnson has the best assists per game average in league history with career averages of 19.5 points, 7.2 rebounds, and 11.2 assists.
Johnson has the Finals record most assists in a game (21), shares the single-game playoff record for assists (24), and has the most postseason assists (48). (2,346).
He has done it six times, making him the only player to average 12 assists over an NBA Finals series.
He owns both the All-Star Game record most assists in a single game (22) and the All-Star Game record for assists in a lifetime (127).
Magic Johnson, a former professional basketball player from the United States, is estimated to be worth $620 million.
Magic made approximately $18 million in salaries per year and an additional several million dollars in endorsements throughout his playing career.
He won the gold medal in the 1992 Olympic Games, and in 1993 he was named the Most Valuable Player and made the All-Star team.
125 Starbucks are owned by Magic Johnson. In addition to Starbucks, he also controls a network of 40 to 50 movie theaters.
\g his retirement from basketball, he founded a business named Magic Johnson Enterprise, which is expected to be worth $1.2 billion in 2021.
Magic's retirement has not been a peaceful one. In his retirement, he established the Magic Johnson Enterprises business empire, which is now worth over $1 billion and has earned Magic a personal net worth of $600 million.
Magic Johnson Theaters, a movie studio, and a promotional marketing firm are all owned by Magic Johnson Enterprises.
The 5% stake in The Lakers that Magic purchased in 1994 for $10 million was sold to billionaire Patrick Soon-Shiong in 2010 for an estimated $50–60 million. Johnson also sold his Starbucks network for $75 million in 2010.
The Los Angeles Dodgers were sold to Magic and a group of investors for $2 billion on March 27, 2012. more details here: For $2 billion, Magic Johnson purchases the Dodgers.
Magic Johnson’s height is 2.06 m, which is equal to 6 ft 9 in.
Magic Johnson’s wife’s name is Cookie Johnson (m. 1991).
Magic Johnson earns an estimated salary of $18 Million per Year.
One of the best basketball players of all time is Magic Johnson, a former American professional basketball player.
Johnson is well known for his strong arms, agility, and speed, all of which allowed him throughout the 1980s to become one of the most fearsome players in the world. Magic Johnson's projected net worth as of January 2023 is $620 Million.