Magic Johnson’s net worth is $600 million, making him one of the most legendary names in the NBA. Magic Johnson is an American basketball player who won five NBA championships with the Los Angeles Lakers. He was a strong competitor who helped his high school team win the state championship in 1977. He led Michigan State to the National Collegiate Athletic Association championship in 1979, defeating Larry Bird and Indiana State.
Magic Johnson was born on August 14, 1959 in Lansing, Michigan. Earvin Sr. worked on an assembly line at General Motors, while his mother, Christine, was a school cleaner. After seeing his role models on the floor, Magic became interested in basketball at an early age. In high school, he earned the nickname “Magic” for his inventive and entertaining handling of the ball.
Magic Johnson Net Worth and Salary
Magic Johnson’s net worth is estimated to be $600 million as of September 2023. During his playing career, he earned more than $18 million in salary and several million more in endorsements. After retiring from professional basketball in 1996, Johnson decided to pursue a business career. After his retirement, he founded Magic Johnson Enterprises, which further increased his wealth. Apart from his commercial activities, he made a lot of money through his several lucrative endorsement deals.
Lifestyle
Magic Johnson lives a lavish life thanks to the vast amounts of money he made as a huge basketball superstar. Magic has always loved playing basketball since childhood. Perhaps his love for the game made him one of the best basketball players of all time. Johnson also has a daughter, Elisa, whom he and his wife, Cookie, adopted in 1995. He also has a son, Andre Johnson, from a previous marriage.
Magic Johnson Charity
Since his retirement, Johnson has worked as a businessman, philanthropist, television host, motivational speaker, and advocate for HIV/AIDS prevention and safe sex. Johnson has been a vocal advocate for the HIV community since his HIV diagnosis. In 1999, he was the keynote speaker at the United Nations conference on World AIDS Day.
Magic Johnson is also the chairman and CEO of the Magic Johnson Foundation. The Magic Johnson Foundation was founded in 1991 with the purpose of “combating HIV/AIDS through grants.” “The Foundation seeks to develop programs and fund community-based organizations that address the educational, health and social needs of ethnically diverse metropolitan neighborhoods,” according to the Foundation’s website.
The professional life of Magic Johnson
Magic took over as Lakers coach at the end of the 1994 season at the request of then-owner Jerry Buss, but the team finished 5-11. In 1996, Johnson was named one of the NBA’s 50 greatest players of all time. Three NBA MVP titles, nine NBA Finals appearances, twelve All-Star games and ten first- and second-team All-NBA honors are among Johnson’s career accomplishments. Magic Johnson has just agreed to join the advisory board of the Los Angeles Lakers.
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