How much is Magic Johnson net worth?
Introduction
Earvin “Magic” Johnson Jr. is an American retired professional basketball player and entrepreneur, who is widely considered to be one of the greatest basketball players of all time. Johnson’s career spanned from 1979 to 1991 and again from 1996 to 1999, during which time he played for the Los Angeles Lakers in the National Basketball Association (NBA).
He is known for his exceptional ball-handling and passing skills, as well as the versatile playing style that allowed him to play all five positions on the court.
Johnson’s contributions to basketball extend beyond his playing career, as he has also been an important figure in the sport as a coach, commentator, and owner. He has also been a successful businessman, using his fame and influence to build a multi-faceted business empire that includes a film production company, a chain of movie theaters, and a stake in several sports teams.
Throughout his life and career, Johnson has been a trailblazer and advocate for numerous social and political causes. He has used his platform to raise awareness about HIV/AIDS and has been an outspoken supporter of LGBTQ+ rights, racial justice, and economic empowerment for marginalized communities.
As of 2024, Magic Johnson net worth is around $620 million.
Early Life
Earvin “Magic” Johnson Jr. was born on August 14, 1959, in Lansing, Michigan. He was the fourth of seven children born to Earvin Sr. and Christine Johnson. Johnson’s father worked for General Motors, while his mother worked as a school custodian. Growing up, Johnson was a standout basketball player at Everett High School, leading his team to the state championship game in his senior year.
Johnson’s basketball skills caught the attention of college recruiters, and he ultimately decided to attend Michigan State University. During his time at Michigan State, Johnson helped lead the Spartans to the NCAA championship game in both his freshman and sophomore seasons, winning the championship in 1979.
In his sophomore year, Johnson announced that he would be leaving college early to pursue a career in the NBA. He was selected by the Los Angeles Lakers with the first overall pick in the 1979 NBA draft.
Personal Life
Magic Johnson, whose real name is Earvin Johnson Jr., was born on August 14, 1959, in Lansing, Michigan, USA. He is the youngest of ten children and was raised in a working-class family. Johnson attended Everett High School, where he played basketball and emerged as a promising player. He was known for his exceptional ball handling and passing skills, which helped him earn the nickname “Magic.”
In his personal life, Johnson is known for his philanthropic work and advocacy for HIV/AIDS awareness. In 1991, he announced that he had contracted HIV, which at the time was considered a death sentence. However, he has since become an advocate for HIV/AIDS awareness, education, and prevention, and has worked tirelessly to promote understanding and compassion for those living with the disease.
Johnson has been married to his wife, Earlitha “Cookie” Kelly, since 1991. They have one son together, EJ, who is openly gay, and a daughter named Elisa. Johnson is also a devout Christian and has credited his faith for helping him overcome his HIV diagnosis and for giving him the strength to be a positive influence in the world.
Career
Earvin “Magic” Johnson is a retired American professional basketball player who had a successful career in the National Basketball Association (NBA). He was born on August 14, 1959, in Lansing, Michigan, and grew up playing basketball from a young age. Johnson attended Michigan State University, where he led his team to win the NCAA championship in 1979.
After his successful college career, Johnson was drafted by the Los Angeles Lakers in 1979 as the first overall pick. During his career, he played point guard for the Lakers and was known for his incredible skills and court vision. He led the Lakers to five NBA championships and won three NBA Finals MVP awards.
In 1991, Johnson retired from the NBA after announcing that he was HIV-positive. He then became an advocate for HIV/AIDS awareness and research. He also continued his involvement in the NBA as a coach, part-owner of the Lakers, and an ESPN analyst.
In 1996, Johnson was named one of the 50 Greatest Players in NBA History, and in 2002, he was inducted into the Basketball Hall of Fame.
Achievements
Magic Johnson has an impressive list of achievements both on and off the basketball court. Here are some of his notable accomplishments:
On the Court:
- 5 NBA championships with the Los Angeles Lakers (1980, 1982, 1985, 1987, 1988)
- 3 NBA MVP awards (1987, 1989, 1990)
- 12-time NBA All-Star
- Olympic gold medalist with Team USA (1992)
- Inducted into the Naismith Memorial Basketball Hall of Fame (2002)
Off the Court:
- Successful entrepreneur and businessman, with a net worth of approximately $620 million
- Co-owner of the Los Angeles Dodgers and the Los Angeles Sparks
- Founder of the Magic Johnson Foundation, which has raised millions of dollars for HIV/AIDS research and education
- Member of the President’s Council on Fitness, Sports, and Nutrition under both President George H.W. Bush and President Bill Clinton
- Recipient of numerous awards and honors, including the Arthur Ashe Courage Award and the BET Humanitarian Award.
Overall, Magic Johnson’s achievements on and off the court have made him one of the most influential and successful figures in sports and business.
Net Worth and Aassets
As of 2024, Magic Johnson net worth is estimated to be approximately $620 million. He has accumulated this wealth through his successful career in basketball, as well as his various business ventures, including owning several businesses and investing in real estate.
In addition to his NBA earnings, which totaled around $25 million, Magic Johnson has made significant investments in various companies, including Starbucks, T.G.I. Friday’s, and the Los Angeles Dodgers. He is also the co-founder of Magic Johnson Enterprises, a company that has invested in urban areas, primarily through partnerships with companies such as AMC Theatres and 24 Hour Fitness.
Johnson has also been involved in philanthropic endeavors, including the Magic Johnson Foundation, which focuses on HIV/AIDS awareness and education, and providing scholarships to students. He has also donated millions of dollars to other charitable causes.
Overall, Magic Johnson net worth reflects not only his success in basketball but also his shrewd business acumen and dedication to philanthropy.
Summary
Magic Johnson is a former professional basketball player, entrepreneur, and philanthropist. He played for the Los Angeles Lakers for 13 seasons, winning five NBA championships and numerous awards for his outstanding performance. After retiring from basketball due to contracting HIV, he became an advocate for HIV/AIDS awareness and prevention.
In addition to his basketball career, Johnson is a successful entrepreneur. He owns Magic Johnson Enterprises, which includes several businesses such as Magic Johnson Theatres and a partnership with Starbucks. He has also been involved in various philanthropic efforts, including the Magic Johnson Foundation, which focuses on HIV/AIDS education and prevention, as well as providing scholarships to minority students.
Johnson has received numerous accolades for his achievements both on and off the court. He was inducted into the Basketball Hall of Fame, received the NBA Lifetime Achievement Award, and was named one of the 50 Greatest Players in NBA History.
He has also been recognized for his philanthropic efforts, including the Presidential Medal of Freedom and the NAACP Image Award for his commitment to social justice. Overall, Magic Johnson is a highly respected and accomplished figure in both the sports and business worlds.
As of 2024, Magic Johnson net worth is estimated around $620 million.
