What Is Magic Johnson Net Worth in 2022? Is Magic Johnson a Multi-billion-dollar Player?

A retired professional basketball player from the United States, Earvin “Magic” Johnson Jr., is the former president of the Los Angeles Lakers of the National Basketball Association (NBA).

In 13 seasons with the Lakers, he was a point guard for them. After winning championships in high school and college, Johnson was selected by the Los Angeles Lakers as the first overall pick in the 1979 NBA draught.

Magic Johnson Biography

Magic Johnson was born in Lansing, Michigan, on August 14, 1959. Christine was a school janitor and his father Earvin Sr. worked on a General Motors assembly line. Watching legends like Earl Monroe as a kid inspired Magic’s passion for the game. As soon as he could, Johnson made the basketball team at Everett High School.

“Magic” was the moniker given to him by the local reporter after he scored 36 points, 18 rebounds, and 16 assists at the age of 15. His senior year, when he led his team to the state championship, cemented his legacy.

Even though Johnson was offered admission to every prestigious university, he chose to attend Michigan State University instead because it was closer to home. During the 1979 NCAA finals, Magic guided his team to a victory over Indiana State University and Larry Bird.

Their showdown became the most-watched college basketball game ever aired and started one of the biggest rivalries in sports history. They faced off against one other. Johnson was named the Final Four’s Most Outstanding Player after the Wolverines defeated Indiana.

Magic Johnson NBA Career

The Los Angeles Lakers selected Magic in the first round of the 1979 NBA draught. After leading the Lakers to the NBA Finals in his debut season, Magic was awarded MVP of the NBA Finals alongside teammate Kareem Abdul-Jabbar, who was chosen Most Valuable Player. A total of five NBA titles were won by Magic Johnson with the Los Angeles Lakers between 1980 and 1988. In 1980, 1982, and 1987, he won the NBA Finals MVP award three times in a row. In 1987, 1989, and 1990, he was named the NBA’s Most Valuable Player. As a member of the All-Star team 12 times, he was awarded MVP honors twice. He’s widely regarded as the best point guard in NBA history.

See also  Hitman Holla Net Worth: How is the Net Worth of Hitman Holla $3 Million?

After contracting HIV in 1991, Magic’s career came to an abrupt halt.

Late in the 1993-94 NBA season, Magic was hired as the Lakers’ head coach. After Jerry Buss asked him to replace Randy Pfund and Bill Bertka, he accepted After winning five of their first six games under Johnson’s guidance, the Lakers announced that Johnson would step down as coach at the end of the season. After a 10-game losing skid, the Lakers concluded the season with a 5–11 record with Johnson as head coach. In June 1994, he bought a 5% stake in the team instead of coaching, claiming it was never in his plans.

Magic Johnson net worth

In 1995-96, Magic Johnson, who was 36 at the time, tried to make a comeback as a player by rejoining the Lakers for the season. Johnson believed his final return to be a success since the Lakers had a record of 22–10. First-round playoff defeat against the Houston Rockets prompted Johnson to announce his retirement.

Over the course of his nine-year career in the NBA, Johnson scored 17,707 points, grabbed 6,559 rebounds, and handed out 10,141 assists for an average of 19.5 points, 7.2 rebounds, and 11.2 assists per game, the most in NBA history. A single-game playoff record of 24 assists is shared by Johnson, who also holds the Finals mark for assists in a game (21). (2,346). he is the only player in NBA Finals history to have averaged 12 assists per game six times. To his credit, he is the All-Star Game’s all-time assist leader (22) and the All-Star Game’s all-time assist leader (22). (127).

See also  Philip Baker Hall Net Worth: What Role Did Philip Baker Hall Play on Seinfeld?

Magic Johnson Net Worth

Johnson, also known as Earvin “Magic” Johnson Jr., is a retired American basketball player and entrepreneur who is worth a reported $620 million. After winning basketball championships in high school and college, he was taken by the Los Angeles Lakers as the first overall pick in the 1979 NBA Draft.

He was a point guard with the Los Angeles Lakers for thirteen seasons. In his debut season, he won the NBA Championship as well as the Most Valuable Player Award in the NBA Finals. Johnson served as the Los Angeles Lakers president of basketball operations for a number of years.

Magic Johnson Retirement

Johnson founded the Magic Johnson Foundation after revealing his HIV status in November 1991. Johnson has worked as an entrepreneur, philanthropist, and broadcaster in addition to advocating for HIV/AIDS prevention and safe sex. When he announced in 1991 that he was HIV-positive, it stunned the world and dispelled the notion that HIV was a sickness that only gay people had to worry about.

Magic Johnson Entrepreneur

Magic’s retirement has been anything from peaceful. Magic Johnson Enterprises, which he founded in retirement, is now worth over $1 billion and has given him a net worth of $600 million. Additionally, a movie studio and a promotional marketing firm are all part of Magic Johnson Enterprises.

For an estimated $50-60 million, Magic Johnson paid billionaire Patrick Soon-Shiong $10 million in 1994 to purchase a 5% stake in the Los Angeles Lakers. Johnson’s Starbucks chain was sold for $75 million in 2010 as well.

The Los Angeles Dodgers were purchased by Magic Johnson and a group of investors for $2 billion on March 27, 2012. Here’s where you can find out more: The Dodgers were purchased by Magic Johnson for $2 billion.

See also  Joy Taylor Net Worth: What Happened to Joy Taylor? 

Also Read:- What Is Kobe Bryants Net Worth? It’s a Dream Come True: He Reached It Before He Died

Magic Johnson Private Life

In 1991, Johnson tied the knot with Earlitha “Cookie” Kelly in a small ceremony in Lansing, Michigan, where they lived at the time. In 1992, Earvin III (EJ) was born to the couple. Earvin III (EJ) is an openly gay son. Earlier this year, EJ starred on the reality television show Rich Kids of Beverly Hills. In 1995, Magic and Cookie became the parents of their daughter Elisa. Johnson and his wife split their time between Dana Point, California, and Beverly Hills, California.

Magic Johnson net worth

Johnson is also the father of a son from a previous relationship. Melissa Mitchell gave birth to Andre Johnson in the year 1981. Despite the fact that Andre was raised by his mother, he spent every summer with Johnson and ultimately worked as a marketing director for Magic Johnson Enterprises.

Read More:- What Is Lebron James Net Worth in 2022? Is Lebron James Set to Become a Billionaire by 2023?

Magic Johnson Salary

While playing professionally, Magic earned just more than $18 million in pay, with several million more in endorsements added on top of that.

Magic Johnson Real Estate

Johnson and his wife have a property in Beverly Hills, which is located in the gated community of Beverly Park. In addition, the pair owns a Tuscan-style beach house in Dana Point, which is located in Orange County, California. It was too far away to visit when their children were growing up in Napili, Hawaii, so the couple traded it in for the beach property in Malibu, California, roughly 75 miles south of Beverly Hills.

Also Read:- Kareem Abdul-Jabbar Net Worth: How Much Does He Have?

Leave a Reply

Your email address will not be published.