Magic Johnson Net Worth: Biography, Age, Career

Magic Johnson Net Worth- We discuss Magic Johnson childhood, their mother, Professional life, wealth, and Magic Johnson personal history.

We talk about Magic Johnson’s youth, their mother, their career, Magic Johnson’s riches, personal history, and Magic Johnson’s personal history. Magic Johnson entered the world on our planet on August 14, 1959. He has nine brothers and a sister, making up a huge family. His vast family required the combined efforts of both of his parents.

He had been a star basketball player ever since he was a kid, earning him the nickname “Magic” throughout his time in high school. When he entered college after high school, he did so on a basketball scholarship and was soon selected into the NBA. The Los Angeles Lakers’ era during which Magic Johnson was often referred to as the franchise’s “Golden Age.”

Magic Johnson Net Worth

Magic Johnson Age, Education, And Other

Full NameEarvin “Magic” Johnson Jr.
NicknameMagic Johnson
Net Worth (2022)$600 Million
Birth DateAugust 14 1959
Birth PlaceLansing, Michigan, United States
FatherErvin Johnson Sr.
Mother Christine Johnson
SiblingsPearl, Quincy, Larry, lois, Yvonne, Kim Evelyn, Mary and Michael Johnson
SpouseCookie Johnson (m. 1991)
ChildrenEJ Johnson, Elisa Johnson, and Andre Johnson
ReligionNot Known
NationalityAmerican
Zodiac SignLeo
OccupationAmerican former professional basketball player
Favourite SongNot Known
Favourite ActorNot Known
Favourite MovieNot Known
Favourite FoodNot Known
SchoolEverett (Lansing, Michigan)
College / UniversityMichigan State (1977–1979)
Favourite ColorNot Known
Favourite HobbiesNot Known
Favourite DestinationNot Known
Favourite BookNot Known

Magic Johnson Biography

Magic Johnson came into the world on August 14, 1959, in Lansing, Michigan. His parents, Earvin Sr. and Christine were employed in the service sector while he was growing up; Earvin Sr. worked for General Motors, and Christine worked as a janitor at a school. Earl Monroe and others significantly influenced Magic when he was a kid and encouraged him to take up basketball.

Magic’s team ultimately lost the game. Their matchup ended up being the most-watched college basketball game in television history. It marked the beginning of one of the most intense rivalries in the annals of sports history. Johnson was selected as the tournament’s Most Valuable Player, which he earned with the victory against Indiana. The rest of the story is that Michigan State won the national title.

NameMagic Johnson
Net Worth (2022)$600 Million
ProfessionAmerican former professional basketball player and former president of the Los Angeles Lakers
Monthly Income And Salary$3 Million +
Yearly Income And Salary$40 Million +
Last Updated2022

Education

After enrolling at Everett High School, Johnson did not waste time and went straight to tryouts for the school’s basketball team. After achieving a triple-double at the age of 15, during which he racked up a total of 36 points, 18 rebounds, and 16 assists, a neighborhood reporter gave him the nickname “Magic.” The team won the state championship during his senior year as the team captain, ensuring his legacy would go on forever.

Johnson decided to attend Michigan State Institution despite every major university courting him in the country. During the 1979 NCAA tournament, Magic led his team to the championship game, where they faced off against Indiana State University and the best player on that team, Larry Bird.

The career of Magic Johnson

In the 1979 NBA Draft, the Los Angeles Lakers took Magic with the first overall pick. In his first year with the Lakers, Magic and teammate Kareem Abdul-Jabbar led the team to an NBA championship, and Magic was named the Finals MVP. Magic won five NBA titles with the Los Angeles Lakers between 1980 and 1988. He played in 12 All-Star games, winning Most Valuable Player honours twice. He has been called the most significant point guard in NBA history.

Magic returned as Lakers head coach during the end of the 1993–1994 NBA season. Team owner Jerry Buss requested his services and stepped in for Randy Pfund and Bill Bertka. Under Johnson’s direction, the Lakers started well, winning five of their first six games.

However, Johnson announced his resignation as coach after the season when his team lost its next five games. Johnson’s ultimate record as head coach was 5-11. They lost their last eleven games. He denied ever wanting to be a coach and instead invested in the company in June 1994 for the bargain price of 5%.

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At age 36, Magic Johnson made another attempt at a playing career by signing with the Lakers for the 1995-96 season. Johnson called his previous comeback “a success” despite the Lakers’ 22-10 record in games he played. After the Lakers were eliminated in the first round of the playoffs by the Houston Rockets, Johnson made his final retirement announcement.

Johnson has the most incredible assists per game average in NBA history, averaging 19.5 points, 7.2 rebounds, and 11.2 assists across his career in 905 games, scoring 17,707 points and grabbing 6,559 rebounds. Johnson has the most postseason assists, is tied for the single-game playoff record in assists (24), and has the most assists in the Finals (21) (48) (2,346).

With this accomplishment, he joins Magic Johnson as the only player in NBA Finals history to have done it more than once. Regarding the All-Star Game, he holds two records: the record for most assists in a single game (22) and the record for most assists in his career (50).

Magic Johnson Work History and Honors

In November 1991, shortly after Johnson made his HIV diagnosis, he formed the Magic Johnson Foundation intending to assist in the search for a cure for the illness. Johnson has worked in journalism, entrepreneurship, and philanthropy and is a staunch advocate for HIV/AIDS education and safe sexual practices. When he became HIV positive in 1991, he shocked the world and helped dispel the misconception that HIV was just a “gay disease” that did not impact heterosexuals. He achieved this by helping to dismantle the myth that HIV was only a “gay sickness.”

Magic has not been a couch potato since he retired. Magic Johnson used his wealth of $600 million as a down payment to retire from professional basketball and launch his firm, which he named Magic Johnson Enterprises, which is now worth more than $1 billion.

Magic Johnson Enterprises is the parent company, and its several subsidiaries include Magic Johnson Theaters, Magic Johnson Studios, and Magic Johnson Promotions. In 1994, Magic Johnson paid $10 million for a five percent ownership stake in the Los Angeles Lakers. In 2010, Magic sold those shares to billionaire Patrick Soon-Shiong for an estimated $50–60 million. Johnson sold his Starbucks franchise within the same year (2010) and generated a profit of $75,000,000,000 due to the sale.

On March 27, 2012, after many years of attempting to purchase the franchise from Frank McCourt, Magic Johnson and his business partners ultimately purchased the team for $2 billion. To find out more, please read: The great Magic Johnson Purchases the Los Angeles Dodgers for the sum of $2 Billion

Magic Johnson Gross Value

Earvin “Magic” Johnson Jr., a former NBA player now a business entrepreneur, is reported to have a net worth of $620 million. Before the Los Angeles Lakers selected him with the first overall pick in the 1979 NBA Draft, he had previously won basketball championships at high school and university levels. He held the position of starting point guard with the Lakers for a total of thirteen years. After only one season in the NBA, he was recognized as the Most Valuable Player of the NBA Finals and went on to win the title. In his previous capacity as president of the Los Angeles Lakers, Johnson was responsible for overseeing all aspects of the team’s basketball operations.

Net Worth in 2022$600 Million
Net Worth in 2021$560 Million
Net Worth in 2020$520 Million
Net Worth in 2019$480 Million
Net Worth in 2018$440 Million
Net Worth in 2017$400 Million

Conclusion

In a low-key ceremony held in 1991 in Lansing, Michigan, Johnson wed Earlitha “Cookie” Kelly. Their son, Earvin III (EJ), was born in 1992 and has always been out as homosexual. There was an episode of Rich Kids of Beverly Hills in which EJ starred. In 1995, Magic and Cookie adopted a little girl named Elisa. They have homes in Dana Point and Beverly Hills, California, although Johnson primarily resides in the latter. Johnson is also the father of a boy from a previous relationship. Andre Johnson was born to Melissa Mitchell in 1981.

 Andre’s mother was the primary caregiver throughout his upbringing, although he spent every summer with Magic Johnson and eventually worked for the company as its marketing director. Throughout his career, Magic Johnson made over $20 million.

Johnson and his wife are proud homeowners in the exclusive Beverly Park neighborhood of Beverly Hills. Also, the pair has a beach property in Dana Point, Orange County, California, decorated in the Tuscan style. Napili, Hawaii was too far away for the family to visit while their children were young, so they made a deal to trade it for a beach property around 75 miles south of Beverly Hills.

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