Magic Johnson Net Worth is$500 Million
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Profession: Talk show host, Basketball player, Actor, Film Producer, Athlete, Entrepreneur
Date of Birth: Aug 14, 1959
Nicknames: Earvin Magic Johnson, Earvin Johnson, Earvin Johnson, Jr.
Height: 2.05 m
Ethnicity: African American
Country: United States of America
How much is Magic Johnson worth? Earvin "Magic" Johnson Jr. is a retired American basketball player and entrepreneur with a net worth of $500 million. Magic Johnson was born on August 14th, 1959 in Lasning, 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. Johnson had offers from every single high profile college but decided to stay close to home and attend Michigan State University. In 1979, Magic led his team to the NCAA finals where they faced Indiana State University and their star player Larry Bird. Their face-off became the most watched college basketball game ever televised and launched one of the greatest rivalries in sports history. Michigan went on to defeat Indiana and Johnson was named Most Outstanding Player of the Final Four. Magic was the first overall pick of 1979 draft, chosen by The Los Angeles Lakers. In his rookie season, Magic and teammate Kareem Abdul-Jabbar led The Lakers to the NBA championship where Magic was named the MVP of the NBA Finals. Johnson would go on to win four more championships for The Lakers, three MVP awards, 12 all star appearances and more. He is considered the greatest point guard of all time. Magic's career was cut short by his 1991 contraction of the HIV virus. He made a handful of re-appearances in the league but retired once and for all in 1996. Magic as 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
Earvin "Magic" Johnson Jr. (born August 14, 1959) is a retired American professional basketball player who played point guard for the Los Angeles Lakers of the National Basketball Association (NBA). After winning championships in high school and college, Johnson was selected first overall in the 1979 NBA Draft by the Lakers. He won a championship and an NBA Finals Most Valuable Player Award in his rookie season, and won four more championships with the Lakers during the 1980s. Johnson retired abruptly in 1991 after announcing that he had contracted HIV, but returned to play in the 1992 All-Star Game, winning the All-Star MVP Award. After protests from his fellow players, he retired again for four years, but returned in 1996, at age 36, to play 32 games for the Lakers before retiring for the third and final time.
Johnson's career achievements include three NBA MVP Awards, nine NBA Finals appearances, twelve All-Star games, and ten All-NBA First and Second Team nominations. He led the league in regular-season assists four times, and is the NBA's all-time leader in average assists per game, at 11.2. Johnson was a member of the "Dream Team", the U.S. basketball team that won the Olympic gold medal in 1992.
Johnson was honored as one of the 50 Greatest Players in NBA History in 1996, and enshrined in the Basketball Hall of Fame in 2002. He was rated the greatest NBA point guard of all time by ESPN in 2007. His friendship and rivalry with Boston Celtics star Larry Bird, whom he faced in the 1979 NCAA finals and three NBA championship series, were well documented. Since his retirement, Johnson has been an advocate for HIV/AIDS prevention and safe sex, as well as an entrepreneur,philanthropist,broadcaster and motivational speaker. Johnson was a part-owner of the Lakers for several years, and was part of a group that purchased the Los Angeles Dodgers in 2012.
Earvin Johnson Jr. was born to Earvin Sr., a General Motors assembly worker, and Christine, a school custodi

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