Magic Johnson Net Worth $600 Million
|Popular Name:||Magic Johnson|
|Birth Name:||Earvin Johnson Jnr.|
|Birth Date:||14th August 1959|
|Birth Place:||Lansing, Michigan, USA|
|Spouse:||Cookie Johnson (m.1991)|
|Children:||EJ Johnson, Elijah Johnson And Andre Johnson|
|Profession:||Retired Basket Ball Player|
|Net Worth:||$600 Million|
Magic Johnson is a retired professional basketball player who hails from the United States of America after winning basketball championships in secondary school and college. He was the first overall player in the 1979 National_Basketball_Association Draft by the Los Angeles Lakers.
For 13 seasons he played point guard for the Lakers. He won the NBA Championship and the NBA Finals MVP Award in his first season. He is the previous president of basketball operations of the Los_Angeles_Lakers of National Basketball Association and likewise a business visionary.
Magic Johnson net worth is an estimated $600 million. Read on as we give you all the details you need to know about the retired Basketball star and how he made his fortune.
Magic Johnson Childhood
Magic Johnson was born Earvin Johnson Jr. on August 14, 1959, in Lansing, Michigan. His father Earvin Johnson Sr. worked in an automobile assembling company and his mother Christine Johnson worked as a School janitor. They are six brothers and sisters from which three were half-siblings from Earvin Johnson Snr’s past marriage.
Johnson got inspired to play basketball as a young boy by his best Basketball player Bill Russell. He likewise revered players, like; Earl Monroe and Marques Haynes and used to spend his days practicing basketball, his father additionally played secondary school basketball in his home state.
When Johnson was in eighth grade, he decided to go after his basketball career. Johnson turned out to be a dominant player in his junior days, once getting 48 points in a single game. At 15 years old, Johnson playing for Everett High School made a record of 18 rebounds, 16 assists and triple-double of 36 points.
He led his team to an Overtime triumph in the state championship game. Johnson finished his secondary school with two All-state selections. Jackson considered as the best secondary school player of his time. Individuals used to call him “Magic” after watching the athlete play.
Magic Johnson Career
Johnson got a plethora of offers from a few top-positioned universities due to his game play. In any case, he chose to play in his old neighborhood and joined Michigan State in East Lansing. In 1979, Michigan State qualified for the National_Collegiate_Athletic_Association Tournament and confronted Indiana State which was regarded as one of the best teams at that time.
Michigan State vanquished Indiana State and Johnson got the award for Most Outstanding Player. And had the opportunity to play for All-American team for his impressive showing in that game. It was the most-watched school basketball match-up ever.
Magic Johnson got a major open door in 1979 when he was chosen to play in the 1979 NBA draft by the Lakers. He won a championship and was awarded as NBA Finals Most Valuable Player. That season he won four additional championships with the Lakers.
Johnson unfortunately retired in 1991 following an announcement that he had contracted HIV, but the super talented athlete regardless of his diagnosis returned to play in the 1992 All-Star Game and won the MVP Award. At 36 years old, Johnson declared his final and conclusive retirement.
Throughout Magic Johnson’s career, he won five NBA Championships, nine NBA Finals appearances, twelve All-Star games, three NBA MVP Awards, ten All-NBA First and Second team nominations. He was a member of the United States men’s Olympic basketball team “The Dream Team” which won the Olympic gold in 1992.
Age, Weight And Height
Magic Johnson is currently 61 years old, weighs 100kg and is 2.06m tall
Magic Johnson Net Worth
Magic Johnson net worth is an estimated $600 million dollars. Today the value of his businesses is worth well over $1 billion. During his active basketball career, Magic Johnson used to receive over $18 million in salary and some millions from brand promotions and endorsement deals.
After his retirement, he finally fulfilled his lifelong dream to turn into a businessman by kick starting his empire called Magic_Johnson_Enterprises. It has been reported that a colossal part of Magic Johnson’s income, estimated to be $500 million originated from his Magic Johnson Enterprises. Johnson’s business empire includes Magic Johnson Theaters, a promotional marketing company and a movie studio.
Johnson had his first son Andre Johnson in 1981. Andre was born by Melissa Mitchell who raised him, though he sometimes used to visit his father during spring. Andre would eventually go on to work for his retired basketball father as a marketing director in Magic Johnson Enterprises.
Magic Johnson tied the knot with Earlitha Cookie Kelly in a wedding ceremony which took place in Lansing; the event had guests like; Herb Williams and Thomas Aguire. Johnson and Cookie have one son, Earvin III (EJ), who is actually a gay and a star on the reality show Rich Kids of Beverly Hills.
The couple bore a little girl, Elisa, in 1995. Johnson dwells in Beverly Hills and has a vacation home in Dana Point, California. Johnson is of the Christian religion and has said his confidence is the most significant thing in his life.
In 2010, Magic Johnson and present and previous NBA players like; LeBron James, Bill Russell and Dwyane Wade, and also Maya Moore from the WNBA, played a basketball match-up with President Barack Obama as an exhibition for a group of military soldiers who had been injured in action.
The game was played at a rec center inside Fort McNair, and reporters covering the president were not allowed to enter. The basketball match-up was part of festivities organized to commemorate with President Obama on his 49th birthday.
The retired super athlete had a budding career from his youthful days, etching his name in history in almost every court he played. Although diagnosed of HIV, he remained undeterred and went on to solidify himself as not only a basketball legend but also a business tycoon.