Magic Johnson Net Worth

Magic Johnson’s Net Worth: $600 Million

Earvin "Magic" Magic Jr. is an American retired professional basketball player. He is also the current president of basketball operations of the Los Angeles Lakers of the National Basketball Association (NBA). He is well-known for his great arms; agility and speed that aided him to become one of the most frightening players in the world during the 1980s. In 1991, Johnson announced retirement after he had contracted HIV. He returned to take part in the 1992 All-Star Game, winning the All-Star MVP Award. Johnson's career achievement includes three NBA MVP honor, nine NBA Finals form, twelve All-Star games and ten All-NBA First and Second Team proposal. Johnson was a part of the 1992 United States men's Olympic basketball team. The team won the Olympic gold medal in 1992. Johnson was pleased as one of the 50 Greatest Players in NBA History. Johnson has been a supporter of HIV/AIDS prevention and safe sex. Johnson has many business interests and was a part-owner of the Lakers for more than a few years.

Magic Johnson’s estimated net worth is $600 million.

Magic Johnson’s Early Life and Career

Earvin Johnson Jr. was born on August 14, 1959, in Lansing, Michigan. He attended at Everett High School. He was one of the school’s star basketball players. Later, he joined the Michigan State University where he continued playing basketball.

Magic was breezed first in general by the Los Angeles Lakers. After a good show in the early seasons, he contracted a 25-year, $25-million agreement with the Lakers. He executed exceptionally well in the 1981–82 season and earned a gross net worth of $1 million. He was chosen as a part of the All-NBA Second Team. Johnson averaged 18.3 points, 12.6 assists, and 6.2 rebounds per game between 1984–85 regular season and these games aided him to earn net worth of $5 million. It guided the Lakers into the 1985 NBA Finals earning a net of $2.5 million. The Lakers featured the Boston Celtics in the finals. Johnson, along with Abdul-Jabbar led the team to conquest the finals. He registered a career-high of 23.9 points, and 12.2 aid and 6.3 rebounds per game in the 1986–87 season. Salary from playing for Los Angeles Lakers in 1986 and 1987 was $2,500,000.  The Lakers faced the Celtics once again in the 1987 NBA Finals. Johnson engaged in recreation the game-winning shot. He has honored a Finals MVP title. Once again the Lakers arrived at the NBA Finals in 1989. Eventually, a wound kept Johnson away from the action which resulted the team lost to the Pistons. He openly publicized his diagnosis HIV and decided to quit. He was chosen to vie in the 1992 Summer Olympics for the US basketball team. The team won the gold medal with 8–0 evidence. After leaving, he wrote a book on safe sex and carried out several businesses. However, he returned to the NBA as the coach of the Lakers near the end of the 1993–94 NBA season with a contract of $14 million. Initially, he found some achievement as the coach since the team played healthy under him. But later on, the team went through a ten-game behind. He resigned as the coach. He made a reappeared as a performer by re-joining the Lakers. In February, he got a victory against the Atlanta Hawks. He then gives up work from the season.

Magic Johnson’s Personal Life

Johnson was in relation with Melissa Mitchell which resulted in the birth of a son in 1981.Later in 1991, He married Earlitha "Cookie" Kelly. The couple has one son and an adopted daughter. He owns a full-size luxury SUV is both spacious and stylish with an extensive list of luxury feature