Magic Johnsons Net Worth – Ervin Magic Johnson Jr. was born on August 14, 1959 in Lansing, Michigan and became one of the most recognizable figures in the world of sports. Although currently best known for HBO’s Lakers on Showtime, Magic Johnson is arguably the greatest point guard of all time for NBA fans. With five championships and three NBA Finals MVP awards, the Lakers legend is one of their mainstays. NBA History However, in this particular post, we look at Magic Johnson’s net worth in 2022.
Magic Johnson net worth in 2022 is approximately $620 million. Johnson enjoyed a successful career on the court, but also flourished in many fruitful endeavors outside of the woodwork. As of 2022, the 60-year-old businessman was worth something like $620 million, but how did the Lakers icon get to this point?
Magic Johnsons Net Worth
After winning in high school and college, Johnson was drafted first overall by the Lakers (1979). He signed a 25-year, $25 million contract with Los Angeles in the early 1980s. That’s right… 25 years. This contract began in 1984 and expired in 2009. The idea was for Johnson to serve as part of the team’s front office going forward, an idea that later came to fruition.
Magic Johnson Talks Lakers, Hiv Activism And His Apple Docuseries
Johnson announced his retirement in 1991 after learning he had tested positive for HIV. He returned to the NBA as coach of the Lakers at the end of the 1993-94 season, leading the team to an overall record of 28-38. Notably, five of his former teammates were on the roster at the time, including Vlad Divac, Elden Campbell, Tony Smith, Curt Rambis, James Worthy and Michael Cooper. Magic later returned as a player for the Lakers (season 1995-96) before hanging up for good.
In February 2017, Johnson became the Lakers’ president of basketball operations, replacing Jim Bass. The team didn’t make the playoffs during his short tenure, but they did get LeBron James in 2018. Johnson abruptly stepped down in 2019.
In addition to his stellar acting career, Johnson has proven to be a shrewd businessman. Over the years, he has invested in a wide variety of businesses, including real estate, coffee shops, record labels, movie theaters, and sporting goods stores.
See Magic Johnson’s Three Children All Grown Up Today — Best Life
In March 2012, he became co-owner of the Los Angeles Dodgers. In 2014, Johnson was involved in the purchase of the WNBA’s Los Angeles Sparks. He has also become a popular media personality, appearing on various talk and debate shows.
Johnson received nearly $40 million during his NBA career. His investment company, Magic Johnson Enterprises, now has assets worth an estimated $1 billion in various industries. Given his status as a legitimate icon, as well as his talent as a businessman, it’s safe to assume that his value will increase in the coming years.
As his entire career grows out of the woodwork—from trade deals to his public legend that leans positively on spokespeople—Johnson has already amassed a generational fortune, but there’s more to come.
I Don’t Know If I Want To Live
It sure has a lot of magic left in it when it comes to making money, so we’ll see where it goes from here. However, are you surprised by Magic Johnson’s net worth in 2022? You can check Magic Johnson net worth, biography, age, wife, height, weight and many more details on this page. Magic Johnson is a former American professional basketball player who has a net worth of approximately $615 million. Where and how this money came from, I’ll tell you, but first let’s introduce you to Magic Johnson. Did you know he won the gold medal at the 1992 Olympics? In 1993, he became a member of the All-Star team and won the title of most valuable player.
He was inducted into the Basketball Hall of Fame in 2002. Some of you must have coffee at Starbucks. Did you know that Magic Johnson has 125 Starbucks? In addition to Starbucks, it also owns a chain of cinemas that covers between 40 and 50 rooms. We already told you that he was once a member of a basketball team, so now hear that he was also part of the Dodgers. Long time anchor for NBC TNT and ESPN.
He was once the coach of the Los Angeles Lakers. His relationship with the Los Angeles Lakers is such that he once owned 10% of the basketball organization between 1994 and 2010. Few of you know that he also has a prepaid MasterCard in his name. Also check John Cena net worth, Brock Lesnar net worth.
Magic Johnson: The Nba Superstar Who Smashed Hiv Stigma
“Magic Johnson”, the best former American professional basketball player in the world, has a net worth of $600 million. According to various online sources (Wikipedia, Forbes, IMDB), America’s most popular former professional basketball player, Magic Johnson, has an estimated net worth of around $600 million.
As we have already told you that his net worth is around six hundred million dollars. His basketball income was only about $100 million. He earns the rest of his business. After retiring from basketball, he opened a company called Magic Johnson Enterprises, which is estimated to be worth $1.2 billion in 2021.
Under this company, cinemas, coffee chains and advertising marketing companies of film studios are also present. So that’s it, stay with us to learn about the lives of other famous people like Magic Johnson. Also, check out Beyoncé’s net worth and Kim Kardashian’s net worth.
Things Magic Johnson Could Buy With The $100 Million He Just Banked
Magic Johnson was born on August 14, 1959 in Michigan. He was part of a large family of nine brothers and one sister. Both parents worked to raise such a large family. He played basketball well since he was a child, so he was called Magic in his high school. After high school, he started college on a basketball scholarship and was drafted into the NBA while still in college. The era in which Magic Johnson played for the Los Angeles Lakers is called the Golden Age of the Los Angeles Lakers. You should check out Rock’s net worth.
He retired from basketball in 1991. This year he told the world that he is HIV positive. The news was very sad because until then it was believed that HIV-positive people could not live long, but it is the magic of Johnson that even 30 years after being HIV-positive he is in the best condition. At the time, it was believed that this disease only happened to homosexuals and drug addicts, Magic Johnson has been working for 30 years to clear up people’s mistakes. Some professional athletes are rich, some don’t have to work another day for everyone else. of their lives, and some are so rich that they don’t even know what to do with their immense wealth.
During his life as an NBA player and businessman, Johnson was so successful that he amassed an insane net worth of $600 million. And what do people do with that kind of money for summer vacation? Rent superyachts for $1.1 million a week and invite your famous friends to sail around Europe with them.
Magic Johnson: How He Overcame Hiv To Become One Of The Most Successful Businessmen
Johnson is considered one of the greatest NBA players of all time, and since he retired in 1996, he has become one of the richest.
According to Spotrac, Magic received less than $40 million during his long NBA career. If he played today, that figure would be closer to $400 million.
After announcing his retirement in 1996, Johnson used his modest NBA earnings as a springboard to historic fortune. In his second life, he became a very successful entrepreneur as he started Magic Johnson Enterprises and owned several movie theaters, fast food restaurants, health clubs, real estate and more.
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Johnson also owned parts of the Lakers, Dodgers, Sparks and the Los Angeles Football Club in his retirement.
Magic Johnson is vacationing in Europe on a $150 million yacht named Aquila. • 280 feet • 7 bedrooms • 28 crew • Trampoline and 3 jet skis • Spa and 2 massage rooms • Cinema, gym and nightclub Aquila Costs $1 million per week. pic.twitter.com/hPzB2nrmxc — Joe Pompliano (@JoePompliano) July 5, 2021
What happens when you have so much money you don’t know how to spend it? Magic, take it from here
Magic Johnson Turned Down Opportunity To Be Part Of Golden State Warriors Ownership Group
Johnson is back in the Mediterranean for his annual European summer vacation, this time aboard a 281-foot yacht that costs — wait for it — $1.1 million a week to rent, per TMZ. Johnson likes to spend a month in Europe with his family and friends, so he is paying a high rate for the rest of his vacation.
The mega yacht, Aquila, has seven bedrooms, a personal gym, a spa, three jet skis, a diving board, a movie theater and even its own nightclub.
Johnson’s companion on his surprise trip is her
Who Is Magic Johnson’s Youngest Son Ej Johnson?
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