Magic Johnson is a well-known American former professional basketball player and entrepreneur regarded as the greatest point guard of all time. He has a net worth of $620 million. He was the Lakers’ point guard for 13 seasons. In 1996, Johnson was named one of the “50 Greatest Players” in NBA history, and in 2021, he was chosen for the NBA’s 75th Anniversary Team. Johnson announced his sudden retirement in 1991 after learning he had HIV, but he came back to participate in the 1992 All-Star Game and took home the MVP Award. Please continue reading to learn more about him because this blog post contains everything you need to know about him, including his wiki, bio, net worth, age, career, spouse, and more.
Magic Johnson’s Net Worth
- How rich is Magic Johnson?
- What is the salary of Magic Johnson?
- What is the income source for Magic Johnson’s wealth?
- How many awards has Magic Johnson won?
Are you interested in finding out all the answers to the above questions? Don’t worry because this section answers the questions above, including his net worth, source of income, nominations, salary, bonuses, awards, and more.
Magic Johnson has a net worth of $620 million, which he earned during his career. The vast majority of his wealth comes from his basketball career. During his playing career, Magic’s salary was just over $18 million, and his endorsements brought in several more million dollars. Magic Johnson has a lot of money now that he is retired. This is because he started a business empire called Magic Johnson Enterprises, which is worth more than $1 billion today. His business gave Magic a $600 million personal net worth.
Magic Johnson Enterprises is the company that owns a movie studio, Magic Johnson Theaters, and a marketing company that does promotions. In 1994, Magic Johnson bought 5% of The Lakers for $10 million. In 2010, he reportedly sold it to billionaire Patrick Soon-Shiong for $50 million to $60 million. Johnson also sold his Starbucks chain for $75 million in 2010. On March 27, 2012, Magic Johnson and a group of partners paid $2 billion to buy the Los Angeles Dodgers from Frank McCourt.
| Net Worth | $620 million |
| Salary | Under Review |
| Income Source | Business and Basketball Career |
| Profession | Talk show host, Basketball player, Actor, Film Producer, Entrepreneur, Basketball Coach |
Early Life
Earvin Johnson Jr. was born in Lansing, Michigan, United States of America, to Earvin Johnson Sr., a General Motors assembly line worker, and Christine, a school janitor, on August 14, 1959. He was born under the zodiac to sign Leo, American nationality, and black ethnicity. He has six siblings and three half-siblings. Magic fell in love with basketball at a young age by watching his heroes like Earl Monroe. He attended Sexton High School, where he was on the school’s basketball team. He later transferred to Everett High School, where he joined the basketball team. He earned the moniker “Magic” from a sports writer for the Lansing State Journal after he scored a triple-double with 36 points, 18 rebounds, and 16 assists. The moniker “Magic” gained traction after he led his team to the state championship.
Johnson could have gone to any well-known college but chose to attend Michigan State University. Magic led his team to the NCAA championship game in 1979, where they faced Indiana State University and their star player Larry Bird. Their game against each other was the most-watched college basketball game ever shown on TV. It started one of the best rivalries in sports history. Michigan State beat Indiana, and Johnson was named the Final Four’s Most Outstanding Player.
| Full Name | Earvin Johnson Jr. |
| Nickname | Magic |
| Gender | Male |
| Age (as of 2023) | 64 years old |
| Date of Birth | August 14th, 1959 |
| Place of Birth | Lansing, Michigan, United States of America |
| Nationality | American |
| Zodiac Sign | Leo |
| Ethnicity | Black |
Personal Life
Magic has married Cookie Johnson for 31 years since September 14, 1991. The couple gave birth to a named Earvin III (EJ) born. Their son is openly gay. The couple later adopted their daughter Elisa in 1995. Magic has also had a son from a former relationship with Melissa Mitchell called Andre Johnson. Magic Johnson allegedly dated Kathleen Sullivan (1985-1987), Janet Jackson (1983), and Heather Hunter. Magic stands 6 ft 8 inches (203 cm) and weighs 216 lbs (98 kg).
| Marital Status | Married |
| Spouse | Cookie Johnson |
| Children | EJ Johnson, Andre Johnson, Elisa Johnson |
| Height | 6 ft 8 inches (203 cm) |
| Weight | 216 lbs (98 kg) |
| Hair Color | N/A (Bald) |
| Eye Color | Dark Brown |
Career
In the first round of the 1979 draft, the Los Angeles Lakers selected Magic. Kareem Abdul-Jabbar and Magic Johnson led the Lakers to the NBA title in Magic’s rookie campaign. Magic was named NBA Finals MVP. He won five NBA Championships while he was a member of the Lakers in 1980, 1982, 1985, 1987, and 1988. From 1980 to 1982, and again in 1987, he was named NBA Finals MVP three times. He was recognized as the NBA’s Most Valuable Player thrice in 1987, 1989, and 1990. Magic went to the All-Star game twelve times, and twice, he took home the MVP trophy. As far as point guards go, he is considered the best to hold the position.
In 1991, Magic’s career ended after he developed HIV. Magic Johnson returned to the NBA as the Lakers’ head coach near the end of the 1993–94 regular season. He replaced Randy Pfund and Bill Bertka after team owner Jerry Buss asked him to. The Lakers started well under Johnson’s coaching, winning five of their first six games. But after losing their next five games, Johnson said he was quitting as coach at the end of the season. The Lakers lost their last ten games, and Johnson’s previous record as a head coach was 5–11. He said coaching was never his dream, so in June 1994, he bought a 5% share of the team.
During the 1995–96 season, Magic Johnson, who was 36 then, tried to come back as a player and joined the Lakers again. He played in 22 games, and the Lakers won 10 of them. He thought his last comeback was “a success.” After the Houston Rockets beat the Lakers in the first round of the playoffs, Johnson gave up basketball for good. Johnson played in 905 NBA games, scored 17,707 points, grabbed 6,559 rebounds, and dished out 10,141 assists. He averaged 19.5 points, 7.2 rebounds, and 11.2 assists per game over his career, which is the highest average assists per game in NBA history. Johnson has the most assists in the playoffs. He has 24 assists in a single playoff game, which is tied for the record.
In the Finals, he had 21 assists in a game, which is a record (2,346). He is the only player to have averaged 12 assists in an NBA Finals series, which he did six times. He has the record for most assists in a single All-Star Game game (22) and most assists in a career at the All-Star Game (127).
Social Media Profiles
| @magicjohnson | |
| @MagicJohnson | |
| @Magic Johnson | |
| Tik Tok | @Magic Johnson |
Summary
Magic Johnson is a well-known American former professional basketball player and entrepreneur. He has a net worth of $620 million. Johnson has a 5% share in The Lakers basketball club. In 1991, his career came to an end after he developed HIV. Magic was named NBA Finals MVP and won five NBA Championships while he was a member of the Lakers in 1980, 1982, 1985, 1987, and 1988. From 1980 to 1982, and again in 1987, he was named NBA Finals MVP three times. He was recognized as the NBA’s Most Valuable Player thrice in 1987, 1989, and 1990. Magic went to the All-Star game twelve times, and twice, he took home the MVP trophy. Magic Johnson is regarded as the greatest point guard of all time.
