Magic Johnson Net Worth

What is Magic Johnson’s net worth?

Magic Johnson, known as one of the greatest basketball players of all time, is much more than just an athlete. He’s an entrepreneur, philanthropist, and an inspiration to people all over the world. With a net worth of around $600 million, Magic Johnson has established himself as one of the wealthiest people to have ever played sports. In this article, we’ll dive into Magic Johnson’s early life, his career, personal life, and how he spends his money.

Early Life of Magic Johnson

Magic Johnson was born on August 14th, 1959 in Lansing, Michigan. His dad, Earvin Sr., worked at a General Motors factory while his mom, Christine, was a janitor at a school. Johnson fell in love with basketball at an early age, watching his heroes like Earl Monroe. He attended Everett High School and joined the basketball team right away. When he was just 15, he scored 36 points, grabbed 18 rebounds, and made 16 assists in a game, earning him the nickname “Magic” from a local sportswriter. The name stuck, and in his senior year, he led his team to the state championship.

After high school, Johnson had many offers from top colleges but decided to stay close to home and attend Michigan State University. In 1979, Johnson and his team made it to the NCAA finals, where they faced Indiana State University and their star player Larry Bird. The game became the most-watched college basketball game ever televised, and their rivalry went down in sports history. Michigan State won, and Johnson was named the Most Outstanding Player of the Final Four.

Magic Johnson’s Career

Magic Johnson is a legendary basketball player who was the first overall pick in the 1979 NBA draft, chosen by the Los Angeles Lakers. As a rookie, he helped lead the Lakers to an NBA championship with his teammate Kareem Abdul-Jabbar. Magic went on to win five NBA championships with the Lakers in the years 1980, 1982, 1985, 1987, and 1988. He was even named the NBA Finals Most Valuable Player three times in 1980, 1982, and 1987.

Magic was a superstar on the court, winning three NBA Most Valuable Player awards in 1987, 1989, and 1990. He went to the All-Star game 12 times and was a two-time MVP of the All-Star game. He is often considered the greatest point guard of all time.

Sadly, Magic’s career was cut short when he contracted the HIV virus in 1991. Despite this setback, he returned to the NBA as the coach of the Lakers during the 1993-94 season. Although the team initially played well under his coaching, they struggled later on and Johnson resigned as coach after the season.

Back to back

During the 1995-96 season, Magic attempted a comeback as a player at the age of 36 and re-joined the Lakers for that season. Although the team had a record of 22–10 in the games he played, they lost in the first round of the playoffs to the Houston Rockets, and Johnson retired permanently.

Throughout his career, Johnson achieved many impressive records and milestones. He tallied 17,707 points, 6,559 rebounds, and 10,141 assists in 905 NBA games, making him one of the best all-around players in history. Johnson holds the All-Star Game single-game record for assists (22) and the All-Star Game record for career assists (127). He even holds the record for the highest assists per game average in NBA history, with an average of 11.2 assists per game. Johnson is the only player to average 12 assists in an NBA Finals series, which he accomplished six times. He also shares the single-game playoff record for assists (24) and holds the Finals record for assists in a game (21).
Magic Johnson is a true basketball icon, known for his incredible skill and contributions to the sport. Despite his early retirement due to illness, he continues to be an inspiration to fans and players alike.

Magic Johnson’s Personal Life

In 1991, Johnson got married to Earlitha “Cookie” Kelly in a small ceremony held in Lansing, Michigan. They have a son named Earvin III (also known as EJ) who was born in 1992 and he is openly gay. EJ was featured on the reality TV show Rich Kids of Beverly Hills. In 1995, Magic and Cookie adopted their daughter named Elisa. Currently, Johnson and his wife reside in Dana Point, California and Beverly Hills.

Apart from his immediate family, Johnson also has a son named Andre Johnson, who was born to Melissa Mitchell in 1981 from a previous relationship. Although Andre was raised by his mother, he used to spend his summers with Johnson and eventually started working as a marketing director for Magic Johnson Enterprises.

How Magic Johnson Spends His Money

With a net worth of around $600 million, Magic Johnson is one of the wealthiest people to have ever played sports. He’s also a celebrated entrepreneur, having invested in numerous successful businesses like Starbucks and 24 Hour Fitness. In 2012, he became a part-owner of the Los Angeles Dodgers, and two years later, he purchased the Los Angeles Sparks of the WNBA. Magic is also committed to philanthropy and has donated millions of dollars to various charities and foundations. He’s particularly interested in helping underserved communities, and his foundation, the Magic Johnson Foundation, focuses on HIV/AIDS research, after-school programs, and scholarship opportunities.

Retirement

In November 1991, Magic Johnson established the Magic Johnson Foundation, an organization dedicated to fighting against HIV. Since then, he has been actively working to promote HIV/AIDS prevention and safe sex, as well as being involved in business, charity work, and broadcasting.

When Johnson first announced his HIV-positive status, it was a big surprise to everyone. At that time, many people thought that HIV was a disease that only affected gay people and heterosexuals didn’t need to worry about it. However, Johnson’s announcement helped to dispel this misconception and bring awareness to the fact that anyone can be affected by HIV regardless of their sexual orientation.

Frequently asked question about Magic Johnson

What is Magic Johnson’s net worth?

Magic Johnson’s net worth is estimated to be around $600 million.

How many NBA championships did Magic Johnson win?

Magic Johnson won five NBA championships during his career.

What businesses has Magic Johnson invested in?

Magic Johnson has invested in numerous businesses, including Starbucks and 24 Hour Fitness.

What is the Magic Johnson Foundation?

The Magic Johnson Foundation is a charity established by Magic Johnson that focuses on HIV/AIDS research, after-school programs, and scholarship opportunities.

What is Magic Johnson’s role with the Los Angeles Dodgers?

Magic Johnson is a part-owner of the Los Angeles Dodgers.

How tall is Magic Johnson ?

Magic Johnson is approximately 6 ft 9 in (2.06 m) tall.