Magic Johnson has a net worth of $600 million, making him one of the NBA’s most famous players. Magic Johnson is a basketball player from the United States who won five NBA championships with the Los Angeles Lakers.
He was a fierce competitor who led his high school team to the 1977 state championship. In 1979, he led Michigan State to the National Collegiate Athletic Association title, defeating Larry Bird and Indiana State.
Magic Johnson was born in Lansing, Michigan, on August 14, 1959. Earvin Sr. worked on the GM assembly line, while his mother, Christine, was a school janitor. Magic developed an early interest in basketball after watching his role models on the court. He got the nickname “Magic” in high school for his imaginative and entertaining ballhandling.
Magic Johnson’s Net Worth and Salary
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As of September 2023, Magic Johnson’s net worth is expected to be $600 million. He made more than $18 million in salaries and several million more in endorsements during his playing career. After retiring from professional basketball in 1996, Johnson chose to pursue a business career. After retirement, he established Magic Johnson Enterprises, which enhanced his fortune even further. Aside from his business endeavors, he gained a lot of money from various lucrative endorsement deals.
Lifestyle
Magic Johnson lives a luxury lifestyle as a result of the vast sums of money he has amassed as a great basketball player. Magic has always adored basketball since he was a child. Perhaps it was his passion for the game that propelled him to the ranks of the greatest basketball players of all time. Johnson and his wife Cookie adopted their daughter Elisa in 1995. Andre Johnson is his son from a previous marriage.
Magic Johnson Charity
Since his retirement, Johnson has worked as a businessman, philanthropist, broadcaster, motivational speaker, and advocate for HIV/AIDS prevention and safe sex. Since his HIV diagnosis, Johnson has been a strong advocate for the HIV community. He was the keynote speaker at the United Nations World AIDS Day Conference in 1999.
Magic Johnson is also the chairman and CEO of the Magic Johnson Foundation. The Magic Johnson Foundation was established in 1991 with the goal of “fighting HIV/AIDS via grantmaking.” “The Foundation strives to develop programs and fund community-based organizations that address the educational, health, and social needs of ethnically diverse metropolitan neighborhoods,” according to its official website.
Magic Johnson’s Professional Life
At the behest of then-owner Jerry Buss, Magic took over as Lakers coach at the end of the 1994 season, although the team finished 5-11. In 1996, Johnson was designated one of the NBA’s 50 All-Time Great Players.
Johnson’s career achievements include three NBA MVP championships, nine NBA finals appearances, twelve All-Star games, and ten All-NBA First and Second Team awards. Magic Johnson has agreed to join the advisory board of the Los Angeles Lakers.
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