Magic Johnson is an American basketball player with a net worth of $620 million. He was named to the NBA 75th Anniversary Team in 2021 after playing 13 seasons for the Lakers. In 1996, he was recognized as one of the 50 greatest NBA players of all time. He was named an NBA Champion and NBA Finals Most Valuable Player. He is a former NBA basketball executive for the Los Angeles Lakers and a famous point guard.
Magic Johnson Net Worth (2024)
| Net asset value: | $620 million |
| Name: | Johnson Magic |
| Job: | NBA player |
| Year old: | 65 years old |
| Born: | August 14, 1959 |
| Nation: | USA |
| Wage: | $40 million or more (Annual) |
| Latest updates | 2024 |
Magic Johnson Net Worth Growth
| Net worth 2024 | $620 million |
| Net worth 2023 | $560 million |
| Net worth 2022 | $520 million |
| Net worth 2021 | $480 million |
| Net worth 2020 | $440 million |
| Net worth 2019 | 400 million dollars |
Early life
Born in Lansing, Michigan on August 14, 1959, Magic Earvin is one of seven children born to Earvin Sr. and Christine. His father worked at General Motors as an assembly line worker and his mother was a janitor.
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As a child, Johnson loved basketball and idolized players like Bill Russell and Earl Monroe. Johnson absorbed the nuances of the game from his father, who played high school basketball in Mississippi.
Johnson attended Everett High School, where he quickly became a member of the basketball team. He had a triple-double of 36 points, 18 rebounds and 16 assists at age 15 and led his team to the state championship.
He was one of the school’s best basketball players and was also named to the McDonald’s All-American team in 1977. He chose Michigan State University over offers from universities such as UCLA and Indiana.
Magic led his team to the 1979 NCAA Championship, where they played against Indiana State University. Magic and his team faced one of their best players, Larry Bird.
Their basketball tournament was the most watched college game on television, Michigan State defeated Indiana and Magic Johnson was awarded the Most Valuable Player of the Final Four. Magic Johnson was later selected to the All-American team for his performance that season. Magic Johnson then played 2 years in college before entering the NBA draft.
Career
In 1979, the Los Angeles Lakers drafted Johnson first overall. Johnson had a great season in 1981–82, averaging 18.6 points, 9.6 rebounds, 9.5 assists and leading the league with 2.7 steals per game.
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In the 1984–85 regular season, he averaged 18.3 points, 12.6 assists, and 6.2 rebounds per game, leading the Lakers to the NBA Finals. In the 1988–89 NBA season, he averaged 22.5 points, 12.8 assists, and 7.9 rebounds per game.
He continued to play brilliantly for many years before he was diagnosed with HIV after an event in 1991 that changed his life forever. He decided to retire after publicly announcing his diagnosis.
Despite his retirement, he was selected to the United States basketball team for the 1992 Summer Olympics. He returned to the NBA in 1995 as a coach for a short time. In the 1995–96 season, he re-emerged as a player and rejoined the Lakers.
In a win over the Atlanta Hawks, he had 15 points, 10 rebounds and 13 assists. In 32 games that season, he averaged 14.6 points, 6.9 assists and 5.7 rebounds. He officially retired after the season.
Magic Johnson Enterprises
Magic Johnson Enterprises, his business empire, is now worth over $1 billion, giving him a personal net worth of $600 million. Magic Johnson Enterprises is the parent company of Magic Johnson Theaters, a movie studio and marketing company.
Magic bought a 5% stake in The Lakers for $10 million in 1994, then sold it to billionaire Patrick Soon-Shiong in 2010 for a reported $50-60 million. Johnson also sold his Starbucks chain for $75 million in 2010.
Biography of Magic Johnson
| Real name | Earvin Johnson Jr |
| Nickname | Magic |
| Year old | 65 years old |
| Height | In feet – 6 feet 9 inchesIn meters – 2.06 mIn centimeters – 206 cm |
| Weight | In Kilograms – 99.8 KgIn Pounds – 220 lbs |
| Family | Father – Earvin Johnson Sr. Mother – Christine Johnson Sisters – None Brother – None |
| Girlfriend | Do not have |
| Wife | Johnson’s Biscuits |
| Children | EJ Johnson, Andre Johnson, Elisa Johnson |
“You are the only one who can make a difference.”
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– Johnson Magic
Magic Johnson Social Media Profile
HIV prevention activities
Johnson founded the Magic Johnson Foundation to support the fight against HIV, but he eventually expanded it to include other charitable causes. He became a member of the National AIDS Commission.
Personal life
In 1991, Johnson married Earlitha “Cookie” Kelly, and the couple had a son, Earvin III, who is openly gay and a star on the reality TV show Rich Kids of Beverly Hills. They later adopted a daughter, Elisa, in 1995.
Johnson is also the father of a child from a previous relationship. Melissa Mitchell had a son, Andre Johnson, in 1981. Andre was raised by his mother, but he spent every summer with Johnson.
Summary
As of 2024, Magic Johnson’s net worth is estimated to be around $620 million. Magic has earned over $18 million in salary and millions of dollars in endorsements throughout his basketball career. Johnson’s annual income is around $40 million.
In addition to being a successful businessman, philanthropist, broadcaster, and motivational speaker, Johnson has made a name for himself as a business magnate and visionary philanthropist since his retirement.
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Category: Net Worth