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Magic Johnson Net Worth, Biography, Car, Salary, Assets

This article contains Magic Johnsonnet worth, biography, age, wife, height, weight and many more facts. Generally, Magic Johnson has an estimated fortune of $600 million. I’ll tell you where the money came from, but first, a little history on Mr. Johnson. Did you know he was an Olympic gold medalist in 1992? As a member of the All-Star team in 1993, he was also named Most Valuable Player. He was the head coach of the Los Angeles Lakers at one time.

From 1994 to 2010, he held a 10% stake in the Los Angeles Lakers, demonstrating his close ties to the team. He also carries a prepaid MasterCard in his name, which few of you know.

As we said before, his net worth is in the six figures. Basketball only brought him about $100 million in revenue. The rest of his income came from his entrepreneurial endeavors. His post-basketball business Magic Johnson The company is valued at around $1.2 billion in 2021. There are many promotional marketing businesses that fall under this company. That’s all for the moment; stay tuned to learn more about the lives of more famous people like Magic Johnson.

Former American basketball player and businessman Earvin Magic Johnson Jr. is worth $620 million. After winning high school and college basketball titles, the Los Angeles Lakers drafted him first overall in the 1979 NBA draft. He spent 13 seasons as a point guard with the Los Angeles Lakers . In his freshman year, he was the NBA Finals Most Valuable Player and won the championship. Johnson previously served as executive vice president of basketball operations for the Lakers.

The Life Story of Magic Johnson

On August 14, 1959, Mr. Johnson was born in Michigan. Besides his parents, he had ten brothers and one sister. To support such a large family, her parents both worked. He was known as “Magic” in high school due to his basketball prowess as a youth. He was drafted into the NBA while still a student after starting college on a basketball scholarship. The Golden Age of the Los Angeles Lakers refers to Magic Johnsonera with the Lakers.

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In 1991, he announced his retirement from the sport. As of this year, he admitted that he was HIV-positive. Until then, it was generally thought that people living with HIV could not expect to live long, but Magic JohnsonThe magic of ensures that even after 30 years of HIV, he is in excellent health. Mr Johnson has worked tirelessly for 30 years to dispel the myth that the disease mainly affects gay men and drug addicts.

As a child

Magic Johnson was born in Lansing, Michigan on August 14, 1959. Christine was a janitor at a school and her father Earvin Sr. worked on a General Motors assembly line. Magic developed a taste for basketball at a young age, inspired by the likes of Earl Monroe, whom he idolized. When Johnson was a freshman at Everett High School in Washington, he jumped at the chance to join the basketball team. When he recorded a triple-double with 36 points, 18 rebounds and 16 assists at the age of 15, a local columnist nicknamed him “Magic”. That year, he guided his team to a state title and earned the nickname.

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Johnson was offered admission to every prestigious university in the country, but he chose to attend Michigan State University instead because it was closer to home. In the 1979 NCAA Finals, Magic guided his team to victory over Indiana State University and Larry Bird. It was the most-watched college basketball game ever broadcast, and it sparked one of the greatest rivalries in sports history. Johnson was voted Final Four Most Outstanding Player after the Wolverines defeated Indiana.

In the NBA

The Los Angeles Lakers selected Magic in the first round of the 1979 NBA Draft. After leading the Lakers to the NBA Finals in his first season, Magic was named NBA Finals MVP and Kareem Abdul -Jabbar won the title with him. The years 1980, 1982, 1985, 1987 and 1988 saw Magic Johnson winning five NBA championships with the Los Angeles Lakers. In 1980, 1982 and 1987, he won the NBA Finals MVP award three times in a row. In 1987, 1989 and 1990, he won the NBA Most Valuable Player award three times in a row. He made the All-Star team 12 times and was named MVP twice. He is widely considered one of the best point guards in NBA history.

Magic Johnson

The HIV infection he contracted in 1991 ended Magic’s career

The Lakers hired Magic as head coach at the end of the 1993-94 season, and he made a triumphant return to the NBA. After Jerry Buss asked him to replace Randy Pfund and Bill BertkaAfter winning five of their first six games under Johnson, the Lakers announced that Johnson would step down as coach at the end of the season. In his final season as Lakers head coach, Johnson’s team went 10 games without a win. To avoid becoming the team’s full-time coach, he instead invested in the team by buying a 5% stake in the company in June 1994.

Magic Johnson attempted a comeback as a player in the 1995-96 season, when he joined the Lakers at the age of 36. During Johnson’s time with the Lakers, they went 22-10, and he considered his last comeback a success. The first-round playoff loss to the Houston Rockets prompted Johnson to announce his retirement.

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A career average of 19.5 points per game, 7.2 rebounds per game and 11.2 assists per game ranks Johnson as one of the greatest point guards in NBA history, with a total of 17,707 points and 6,559 rebounds. A record of 24 playoff assists in a single game is shared by Johnson, who also holds the Finals record for most assists in a game (21). (2,346). he is the only player in NBA Finals history to average 12 assists per game six times. To his credit, he is the All-Star Game all-time assists leader (22) and the All-Star Game all-time assists leader (22). (127).

Magic Johnson Retirement

Johnson started the Magic Johnson Foundation to help fight HIV after disclosing his condition in November 1991. Johnson has worked as a businessman, philanthropist and broadcaster in addition to advocating for HIV/AIDS prevention and safer sex. When he announced in 1991 that he was HIV-positive, it stunned the world and dispelled the idea that HIV was a disease only gay people should worry about.

The magician of entrepreneurship

Magic didn’t have a peaceful retirement. A billion dollar company named Magic Johnson Enterprises was founded by him after his retirement. It won Magic Johnson a personal fortune of $600 million. Magic Johnson Enterprises owns Mr Johnson Theatres, a film studio and promotional marketing organization. It was in 1994 when Magic spent $10 million to acquire 5% of the Los Angeles Lakers, which it sold for $50-60 million in 2010. Johnson sold his Starbucks franchise in 2010 for $75 million. dollars.

Los Angeles Dodgers owner Frank McCourt sold the team to Magic Johnson and a group of investors for $2 billion on March 27, 2012.

Magic Johnson

home life

A modest wedding took place in Lansing, Michigan, in 1991 for Johnson and Earlitha “Cookie” Kelly. Earvin III (EJ), the couple’s son born in 1992, has come out as gay. Rich Kids of Beverly Hills is a reality TV show that EJ featured on. Elisa was adopted by Magic and Cookie in 1995. Johnson and his wife have homes in Dana Point and Beverly Hills, California.

There is also a child from a previous relationship for Johnson. Andre Johnson was born in 1981 to Melissa Mitchell and her husband, Michael Johnson. Although Andre was raised solely by his mother, he spent every summer with Magic Johnsonwho eventually hired him as his company’s marketing director.

Salary Highlights

Magic Johnson has earned approximately $18 million in salaries and endorsements throughout his playing career.

Property of Magic Johnson

Beverly Park is a private gated community in Beverly Hills where Johnson and his wife own property. The couple also own a beach house in Dana Point, California, built in the Tuscan style. To make it easier for the couple’s children to move to their old home in Napili, Hawaii, they swapped it for a property on the beach about 75 miles south of Beverly Hills.