Earvin “Magic” Johnson, Jr. is a retired American professional basketball player who played point guard for the Los Angeles Lakers of the National Basketball Association for 13 seasons.
Magic Johnson Net Worth Total Income/Salary
Born: August 14, 1959 (age 54), Lansing, Michigan, United States
Magic Johnson Net Worth Total Income/Salary Monthly Yearly & Earning Per Day Week:
“Magic” Johnson Jr. is a retired American basketball player and entrepreneur who has a net worth of $500 million. Magic Johnson was born on August 14th, 1959 in Lansing, Michigan. His father, Earving Sr. worked on a General Motors assembly line and his mother Christine was a school janitor. Magic fell in love with basketball at an early age watching his heroes like Earl Monroe. Johnson went to Everett High School where he joined the basketball team as quickly as he could. A local sportswriter coined the nickname “Magic” when at the age of 15 he scored a triple double with 36 points, 18 rebounds and 16 assists. The name was solidified his senior year when he led hid team to the state championship.
Magic the Entrepreneur: It has not been a quiet retirement. During his playing career, Magic earned just over $18 million in salary and several million more in endorsements. In retirement he used that money to launch a business empire called Magic Johnson Enterprises that is valued at over $1 billion today and has given Magic a personal net worth of $500 million. Magic Johnson Enterprises owns Magic Johnson Theaters, a movie studio and a promotional marketing company. In 1994 Magic paid $10 million to buy 4.5% of The Lakers which he sold in 2010 to billionaire Patrick Soon-Shiong for a reported $50-60 million. In 2010 Johnson also sold his chain of Starbucks for $75 million.On March 27, 2012, Magic and a group of partners purchased The Los Angeles Dodgers from Frank McCourt for $2 billion. More info here: Magic Johnson Buys The Dodgers for $2 Billion