Magic Johnson Net Worth 2022: American Former Professional Basketball Player Career, Professional Life, Relationship & Latest Updates

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Introduction

His net worth is estimated to be about $600 million by the time he retires in 2022. Magic Johnson Jr. is a retired American professional basketball player and the former president of the Los Angeles Lakers of the NBA. He spent 13 seasons as a point guard with the Los Angeles Lakers. Following his success in high school and college, the Los Angeles Lakers picked Johnson as the first pick in the 1979 NBA draught.

As a Child

Earvin Johnson Jr. was born in Lansing, Michigan, on August 14, 1959. Earvin Johnson, Sr., and Christine Johnson are proud parents.

magic johnson net worth

During his father’s absences from work, his mother cleaned the house and prepared the meals for the following day while he worked janitorial duties at a used car lot and collected rubbish.

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Career

magic johnson net worth

  • The Los Angeles Lakers selected Johnson in the first round of the 1979 draught. With the Lakers, he signed a 25-year, $25 million deal for $25 million each year. Over the course of the 1981–82 season, Johnson put up impressive numbers, averaging 18.6, 9.6, 9.5, and a league-best 2.7 steals per game.
  • During the regular season in 1984–85, he led the Lakers to the NBA Finals, averaging 18.3 points, 12.6 assists, and 6.2 rebounds.
  • This trend lasted for the following three years and during the 1988–89 NBA season he averaged 22.5 points, 12.8 assists, and 7.9 rebounds per game.
  • In 1991, he was diagnosed with HIV, and his life was forever transformed. He stated that he had been diagnosed with cancer and that he was retiring. The United States basketball team picked him to play in the 1992 Summer Olympics despite the fact that he had already announced his retirement.
  • During the 1995–96 NBA season, he re-joined the Los Angeles Lakers as a player. In a win against the Atlanta Hawks in February, he had 15 points, 10 rebounds, and 13 assists. In 32 games this season, he averaged 14.6 points, 6.9 assists, and 5.7 rebounds per game. After the season, he decided to hang up his cleats for good.

Magic Johnson Has a Net Worth of $600 Million As of 2022, According to Forbes.

magic johnson net worth

It is believed that Magic Johnson has a net worth of roughly $600 million. As the President of Basketball Operations for the Los Angeles Lakers, he also earns a sizable salary through his stakes in the wildly successful MLB team LA Dodgers. He’s also a successful businessman who’s amassed a fortune via his ventures.

Investing in Magic Johnson

Starbucks, 24 Hour Fitness, T.G.I. Friday’s, and AMC Theatres have all worked with him in the past. For an estimated $100 million, he was said to have sold off his shares in the Los Angeles Lakers and 105 Starbucks locations.

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Cookie and Magic Relationship Between Johnson And the Rest of the World!

magic johnson net worth

Magic and Cookie Johnson have been together for as long as anybody in Hollywood can remember. NBA player and entrepreneur have been together for almost 40 years with two children from their relationship. A look back at Johnson’s connection with Cookie ahead of HBO’s upcoming limited series Winning Time, which traces the 1980s ascent of the Showtime Lakers including Johnson’s signing to the club.

A Brief History of Their Relationship

  • Cookie and Magic First Meet in 1977
  • In 1978, Cookie and Magic go out on their first date.
  • 1979: Magic Johnson is selected in the NBA Draft
  • Magic Johnson Gives Birth to His First Child in 1981
  • Cookie and Magic wed in 1991.
  • In 1991, Basketball was Magic Steps Away from Magic.
  • Born in the year 1992, EJ Johnson
  • Magic and Cookie Adopt Elisa Johnson in 1995.
  • 2001: A Brief Interlude Between the Lives of Magic and Cookie
  • Magic and Cookie are still going strong in 2021.

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