Magic Johnson Net Worth

Magic Johnson Net Worth, Earning and Salary 2017
A motivational speaker, broadcaster, philanthropist, entrepreneur and a retired professional basketball player Earvin “Magic” Johnson Jr. was born on August 14, 1959. For 13 seasons he played point guard in the National Basketball Association for the team Los Angeles Lakers for 13 seasons. he won many championships in high school and college. In the NBA draft of 1979 Magic Johnson was selected and had a very successful career until one day he abruptly retired because he had contracted HIV in 1991. In 1992 he still people’s favourite and he returned to play in an All- Star Game. He also went on to win the All-Star MVP Award in that game. he again retired because of protests from his fellow players and made a comeback at the age of 36 in 1996. He played 32 games and then finally called it a day for the last time. In this article, we’d be discussing Magic Johnson income and the net worth of Magic Johnson.

HOW MUCH Magic Johnson Net Worth 2017 – $600 Million

 

Magic Johnson – The Man With Multiple Talents

Magic Johnson was born in Lansing, Michigan. His father, Earvin Sr, was a general motor assembly worker and his mother was a school custodian. Having 6 siblings, Magic Johnson was influenced by his parent’s hard word and strong values in life. Johnson was good in basketball back then and was planning for a career in basketball. He was in the eighth grade back then. He once scored 48 points in a game and proved his dominance as a junior high player. As a 15-year-old he recorded 16 assists, 18 rebounds and a triple-double of 36 points while playing for Everett High School. He played near home, even though he was selected by some major reputed colleges like UCLA and Indiana. He was then drafted in by the Los Angeles Lakers in 1979. He went on to sign a 25-year contract with the Lakers for a huge $25-Millon. It was the highest paying contract in any sports back then and it was just the beginning of Magic Johnson net worth as this was just the first Magic Johnson income. Before the 1991-92 NBA season, he discovered that he was tested positive for HIV and he made an abrupt public announcement of his retirement. He played a total of 905 NBA games and tallied 17,707 points, 10,141 assists, and 6,559 rebounds. He till date has the highest assists per game average in NBA history. He is a five-time NBA champion, three-time NBA most valuable player and has featured 12 times in the NBA All-Star.

Magic Johnson Net Worth Sources

Even after retirement, Magic Johnson earnings are still on the flow and Magic Johnson net worth graph is taking off higher and higher. HE earned several million in endorsements and Magic Johnson salary was over $18 million. He also has a business empire called Magic Johnson Enterprises that has a value of over $1 billion. It has given him a personal net worth of more than $500 million. He owns theatres, movie studios and a company which is into promotional marketing. Buying 4.5% stakes at the Lakers for $10 million, he in 2010 sold it for $50 to $60 million to a billionaire. Just by selling his chain of Starbuck the net worth of Magic Johnson increased by $75 million.

Magic Johnson Age, Car, House, Wife, Height & Weight


NicknameMagic


Magic Johnson Wife/Girlfriend Earlitha Kelly


Magic Johnson Sister/Brother –  4 Brothers – Quincy, Lois, Larry, Michael, 5 Sisters – Evelyn, Kim, Yvonne, Pearl and Mary


Date of Birth / Birth City14 August 1959 / Lansing, Michigan, United States


Magic Johnson Height Feet 6 ft 9 in


Magic Johnson Weight105 kg


Magic Johnson Age 57


Magic Johnson Car– Lincoln Mark LT


Magic Johnson House Location –  Los Angeles, California, USA 

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