Magic Johnson Net Worth| Salary| House| His Retirement | Latest Updates!
Magic Johnson was born in Lansing, Michigan on August 14, 1959. Earvin Srfather .’s worked on a General Motors assembly line, and Christine worked as a school cleaner. Magic developed an early interest in basketball while watching his heroes, such as Earl Monroe.
Johnson enrolled at Everett High School and immediately joined the basketball team. When he was 15 years old, a local sportswriter coined the nickname “Magic” when he recorded a triple-double of 36 points, 18 rebounds, and 16 assists. His senior year, when he led his team to the state championship, cemented the moniker.
Johnson was offered admission to every prestigious college in the country but chose to stay close to home and attend Michigan State University. Magic guided his team to the NCAA championship game in 1979, where they faced Indiana State University and its top player Larry Bird.
|August 14, 1959, in Lansing, Michigan
|Retired American basketball player and entrepreneur
|Earlitha “Cookie” Kelly
|$ 600 Million
Their matchup became the most-watched college basketball game ever televised, igniting one of the sports’ greatest rivalries. Michigan State went on to upset Indiana, and Johnson was voted the Final Four’s Most Outstanding Player.
Magic Johnson’s Net Worth!
Earvin “Magic” Johnson Jr. is a retired American basketball player and entrepreneur with a $600 million net worth. After winning basketball championships in high school and college, he was selected by the Los Angeles Lakers as the first overall player in the 1979 NBA Draft.
He spent 13 seasons with the Lakers as a point guard. In his debut season, he won the NBA Championship and the NBA Finals Most Valuable Player Award. Johnson formerly served as the Lakers’ president of basketball operations.
Magic Johnson’s House!
Johnson and his wife own a property in Beverly Hills’ gated community of Beverly Park. Additionally, the pair owns a Tuscan-style beach villa in Orange County, California.
The couple previously owned a home in Napili, Hawaii, but it was too remote for their growing children, so they traded it in for the beach property located approximately 75 miles south of Beverly Hills. Magic Johnson Purchases The Los Angeles Dodgers for $2 Billion
Magic Johnson’s Salary!
Magic made slightly over $18 million in salaries and several million more in endorsements during his playing career.
Magic Johnson’s Career!
Magic was the first overall pick in the 1979 NBA draught, selected by the Los Angeles Lakers. Magic and colleague Kareem Abdul-Jabbar led the Lakers to the NBA title in his first season, with Magic being voted the NBA Finals MVP.
With the Lakers, Magic won five NBA championships in 1980, 1982, 1985, 1987, and 1988. He was 1980, 1982, and 1987 NBA Finals MVP. In 1987, 1989, and 1990, he was named the NBA’s Most Valuable Player three times.
He appeared in the All-Star game 12 times and was twice named the game’s MVP. He is widely regarded as the greatest point guard in history. Magic’s career was cut short in 1991 when he contracted HIV.
Magic returned to the NBA as the Lakers’ coach during the close of the 1993-1994 season. At the behest of team owner Jerry Buss, he took the place of Randy Pfund and Bill Bertka.
The Lakers originally performed well under Johnson’s tutelage, winning five of their first six games, but after losing their next five, Johnson announced his resignation as coach at the end of the season.
Johnson’s final season as a head coach ended with a ten-game losing streak, and his ultimate record as a head coach was 5–11. He stated that coaching was never his desire and that he instead purchased a 5% stake in the squad in June 1994.
During the 1995-96 season, Magic Johnson, at 36, tried a comeback as a player by rejoining the Lakers. The Lakers went 22–10 in Johnson’s games, and he deemed his final comeback a “success.” Johnson announced his retirement permanently following the Lakers’ first-round playoff loss to the Houston Rockets.
Johnson scored 17,707 points, grabbed 6,559 rebounds, and dished out 10,141 assists in 905 NBA games, averaging 19.5 points, 7.2 rebounds, and 11.2 assists per game, the NBA’s highest assists per game average.
Magic Johnson’s Retirement!
Johnson founded the Magic Johnson Foundation to aid in the fight against HIV after declaring his condition in November 1991. Johnson is an entrepreneur, philanthropist, and broadcaster who has advocated for HIV/AIDS prevention and safe sex.
His public declaration of his HIV status in 1991 stunned the world and contributed much to disprove the prevalent perception at the time that HIV was a “gay sickness” that heterosexuals were immune to HIV.
Magic’s retirement has not been peaceful. In retirement, he founded Magic Johnson Enterprises, a commercial empire now valued at over $1 billion and providing Magic with a personal net worth of $600 million.
Magic Johnson Enterprises is the parent company of Magic Johnson Theaters, a film production company, and a promotional marketing firm. In 1994, Magic paid $10 million for a 5% stake in The Lakers, which he sold in 2010 for an estimated $50-60 million to billionaire Patrick Soon-Shiong.
Johnson also sold his Starbucks network for $75 million in 2010. On March 27, 2012, Magic and a group of partners paid $2 billion to Frank McCourt for the Los Angeles Dodgers. Additional information is available here: Magic Johnson Purchases The Los Angeles Dodgers for $2 Billion
Magic Johnson’s Personal Life!
Johnson married Earlitha “Cookie” Kelly in 1991 in a simple ceremony in Lansing, Michigan. The couple has an openly gay son, Earvin III (EJ), born in 1992. EJ made an appearance on the reality television series Rich Kids of Beverly Hills. In 1995, Magic and Cookie adopted their daughter Elisa. Johnson and his wife live in Dana Point and Beverly Hills, California.
Johnson is also the father of a son from a previous relationship. Melissa Mitchell gave birth to Andre Johnson in 1981. Andre was reared by his mother, although he spent each summer with Johnson and ultimately worked for Magic Johnson Enterprises as a marketing director.
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