Earvin Johnson Jr. was born on 14 August 1959, in Lansing, Michigan USA. Earvin, is a famous retired basketball player known world-wide as Magic Johnson. He is known for playing exclusively for the “Los Angeles Lakers”, and during his career won numerous awards. Some of them include, NBA Most Valuable Player, NBA Assists Leader, NCAA Final Four Most Outstanding Player, J. Walter Kennedy Citizenship Award. What is more, Magic has been inducted into the “Basketball Hall of Fame”. Despite the fact that Johnson has ended his career as a basketball player, he is still a very active personality. He is involved in several business activities, so it can be said that Johnson remains very influential and his fans might admire his work off the basketball court.
So how rich is Magic Johnson? Sources estimate that Magic’s net worth is an impressive $650 million. The main source of this sum of money has been his career as a professional basketball player, although even not playing basketball anymore, his net worth still grows as he is involved in business, including having released several instructional books, and is an active philanthropist. If he continues involving himself in the business world, there is a high chance that Magic Johnson’s net worth will become higher.
Magic Johnson Net Worth $650 Million
Magic Johnson became interested in basketball from the very young age. His favorite players were Earl Monroe, Bill Russell and Marques Haynes, and Magic trained very hard to be like them, and soon became one of the best players in school. On the other hand, not all his memories from high school are pleasant ones, as when attending the Everett High School he experienced bullying and racism. Johnson then studied at Michigan State University, where he was able to continue playing basketball and improving his skills. Soon Magic’s ability was acclaimed by his teammates and he added a lot to team’s wins. In 1979 Johnson began his professional career and became a part of the team called “Los Angeles Lakers”. This had a huge impact on both the start and the growth of Magic Johnson’s net worth.
Regardless of his successful performances, Magic was not able to avoid injuries and in 1980 he was not able to play for a certain period of time. After his recovery, Magic again showed good form and helped the team to win important matches. In 1991 another unexpected thing happened to Johnson as he announced that he had HIV. After this discovery Johnson announced that he would retire from his career as a basketball player. Despite the fact that he retire, Magic was asked to play in the 1992 Summer Olympics, where his other teammates included Michael Jordan, Larry Bird, and Charles Barkley. In 1993 Johnson came back to the Lakers as a coach. This also added to Magic’s net worth. During this time, Johnson was able to show that he was not only a good basketball player, but a good coach as well.
Overall during his playing career, Magic scored over 19,000 points, averaging 19.5 per game; won five NBA Championships with The Lakers (MVP three times); and was nine times an NBA First Team selection, one of the most impressive basketball careers on record.
In 1999 Jonson had an opportunity to play in Swedish team, called “M7 Boras” for a short period of time, and then played basketball more rarely. As Magic had more time for other activities he became involved in business and even created his own record label. He also has his own company, called “Magic Johnson Enterprises” and this adds to his net worth. There is no doubt that he will continue his various activities and will inspire others.
To talk about Johnson’s personal life, in 1991 he married Earlitha Kelly. They have three children and reside in California. All in all, Magic Johnson is one of the best basketball players of all time. During his life he had to experience a lot but he was able to overcome all of his problems and became acclaimed by many. Despite the fact, that he does not play basketball anymore, he devoted his life to other activities and tries to help others as much as he can. Hopefully, he will be able to continue this for a long time.
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