Magic Johnson's Net Worth as of February 2023 is $600 Million
Quick Facts of Magic Johnson
|Net Worth||$600 Million|
|Height||6 ft 9 in|
|Date of Birth||14 August, 1959|
The basketball game has produced some of the richest and famous legends around the world and Magic Johnson is not just a top-notch player he was also a coach who at the peak of his career was hit by a setback that brought his career to an unexpected end.
Magic Johnson retired as a professional basketball player and he is the current President of NBA operations for the Los Angeles Lakers. In the course of his basketball career, the skillful player won five NBA championships with the Los Angeles Lakers and he was voted the MVP in the championships.
The superstar had a wonderful career which was incidentally cut short following his HIV infection. Guess you’re wondering what connection this has to his career, scroll further to find out everything you need to know about the superstar.
Magic Johnson’s Bio
The Black-American superstar was born in Lansing, Michigan on August 14, 1959. His birth name was Earvin Johnson Junior, he was the fourth out of seven children born to Christine and Earvin Johnson.
Johnson’s parents were very hardworking and they often did more than one job so that they can fend for their children. The young chap at some point also did menial jobs in a bid to contribute to his family.
Magic attended Everett High School where he played for the basketball team. At a very young age, Johnson developed a passion for basketball, he was a very skillful player who led his school team to win the state championship in 1977.
He earned his nickname ‘Magic’ after putting up a skillful and dramatic performance during the state championship.
Johnson also attended Michigan State University where he continued his basketball career. During his college days, Michigan State University basketball team were the leading champions; they won the National College Basketball championship. However, Magic won the MVP of the tournament.
After his graduation from the University, the outstanding upcoming talent was joined Los Angeles Lakers in 1979. After a remarkable performance in the first season, Magic signed a $25 million deal with the Lakers.
Magic soared so high in his career and recorded massive success with the Lakers. He played alongside famous players including Norm Nixon, Jamaal Wilkes, and Kareem Abdul-Jabbar.
Johnson’s career with Los Angeles Lakers was a very successful one, he was always in the starting lineup and he played numerous games for the team.
With his profound commitment, skills and diligence Magic played for Lakers from 1979 to 1989. He won five NBA championships with his teammates and was voted the MVP five consecutive times in the championships.
What Caused Magic Johnson’s Sudden Retirement?
At the peak of his career in 1991, the Legend encountered a shocking incident which led to the sudden end of his successful career. Magic was diagnosed with HIV, this, however, became his nightmare and was hard for him to believe at the time.
Just a short while after the diagnosis, Johnson also discovered his wife Cookie was pregnant. Fortunately, his wife and son Earvin III tested negative.
The skillful player who won the heart of many fans, however, made a public announcement regarding his health status and also decided to retire so that people will not mock or despise him.
As they always say, the downfall of man isn’t the end of his life, Magic Johnson Junior retired from professional basketball but his standing record remained unbeaten for so many years.
He was invited by the USA basketball team to join the 1992 Olympics, his team put up an excellent performance that led them to victory. United States basketball team won the gold medal in the competition.
Furthermore, Magic was able to manage his case with all the medical attention he could get, he was able to stop the HIV from escalating to AIDS. He attributed his HIV infection to being careless and indulging in unprotected sex. In a bid to enlighten those who share the same fate, the young champ wrote a book called What You Can Do To Avoid Aids.
Despite his condition, Johnson’s love for basketball continued to grow he announced his comeback in 1992 and after playing a few games with the Lakers, he left because of health issues.
Magic Johnson wasn’t just a player, he also served as a coach for his club. First, he was appointed the vice president of the team and he eventually he became Lakers coach towards the end of ’92/’93 season, he finally retired from professional basketball in May 1996.
Magic Johnson Family: Wife, Kids, Son, and Daughter
Earvin Johnson was involved with Melissa Mitchell, their relationship didn’t result in marriage but they had a son named Andre Johnson. The child was raised by his mother Melissa though Johnson shares a very good relationship with Andre.
Magic finally got married to Cookie in 1991 and they both had a son named Earvin Johnson III and a daughter named Elisa whom they adopted in 1995.
The superstar currently lives in California with his family.
Magic Johnson’s Son
The famous basketball Legend Magic Johnson’s son is a TV personality known for the role he plays in the reality television show titled Rich Kids of Beverly Hills.
Just recently, rumors spread out the star kid is gay, the rumors where confirmed after the rich kid made his sexual orientation open to the public and confirmed he’s gay. In reaction, his parents, have shown support to their son since being gay is acceptable in America. They, however, encouraged him not to feel bad about his orientation and this has helped the young man to blend into the society.
Magic Johnson Net Worth
The Basketball star has amassed huge wealth through his career and his businesses, he currently has the net worth of $600 million as of 2017. He recorded huge success as an entrepreneur, he formed an All-Star basketball team which travels around the world playing exhibition games with other foreign counterparts. He also started Magic Johnson Enterprises which have partnered with so many big companies including AMC Theatres, Starbucks, T.G.I Fridays and others.
Magic through his enterprises has been a big investor in the Real Estate market and has also donated more than one million dollars to NGOs whose course is to champion HIV/AIDs education and prevention.
Quick Facts about Magic Johnson: Height/Wiki
Birth name: Earvin Johnson Jr.
Date of Birth: August 4, 1959
Birth city: Lansing, Michigan, United States
Birth sign: Leo
Education: Michigan State University
Profession: Basketball player
Height: 6 ft 9 in (2.06 m)
Weight: 215 lb (98 kg)
Spouse: Earlitha Kelly (m. 1991)
Children: 3 (Earvin III Johnson, Elisa Johnson, Andre Johnson)
Net Worth: $600 million