Basketball fan or not, there is no way on earth that you don’t know him! Magic Johnson is a retired American basketball player who has become one of the wealthiest retired players in any sports. Although Magic Johnson does not play anymore, he is still associated with the game as he serves as the president of NBA’s ‘Los Angeles Lakers.’
Magic Johnson is also the co-owner of the ‘Los Angeles Dodgers,’ which is a professional baseball team. When he retired two decades ago, he became a business magnate through Magic Johnson Enterprises, his company which has a net worth of about $1 billion. In this article, you will read about the net worth of Magic Johnson in 2020, along with some interesting aspects of his life which you probably don’t know.
Early Life & Biography:
Magic Johnson was born in 1959 to Christine and Earvin Sr., and his full name is Earvin Magic Johnson Jr. He was brought up in Lansing, which is the capital of Michigan. Magic Johnson’s basic knowledge of basketball came from his father who was a General Motors worker and played basketball in high school. In Everett High School, where Magic Johnson went, he was hailed as the best player around. After this, Magic Johnson attended Michigan State University where he played for the university basketball team.
Magic Johnson is married to Earlitha Cookie Kelly and has two sons, but only one of them is from Kelly. His eldest son is from Melissa Mitchell, and the younger one from Kelly is named Earvin III. Earvin III stars in “Rich Kids of Beverly Hills,” which is an American television series. Magic Johnson also adopted a daughter in 1995, named Elisa. Magic is a believer and has reportedly said that his faith is the most important thing to him. Politically, Magic Johnson is a supporter of the Democratic Party and supported Hillary Clinton in the elections.
Career, Awards & Nominations:
Magic Johnson played for the ‘Los Angeles Lakers’ for 13 seasons, and for all the13se seasons he played in what is called the point guard position. He was first chosen for the ‘Los Angeles Lakers’ in the NBA draft of 1979. Magic Johnson won the NBA Most Valuable Player Award. He made the team win five championships ― in the year of 1980, 1982, 1985, 1987, and 1988.
He also happened to win three NBA MVP Awards and contributed in the 1992 United States Men’s Olympic basketball team and won an Olympic Gold medal. He is the ‘Los Angeles Lakers’ president as of today. Other than this, Johnson owns Magic Johnson Enterprise, a company which has a value of $1 billion, as mentioned earlier.
Talking about the awards and honors won by him, Magic Johnson has received the Basketball Hall of Fame, which is one of the most prestigious awards in this line of sports. He has also remained a five-time NBA champion, which is a challenging thing to achieve. Other than this, he has thrice been NBA Most Valuable Player award winner. Magic Johnson is one of the only six players in the world to win an NCAA National Championship, an Olympic gold medal, and an NBA title.
Net Worth & Earnings:
After reading this much about him, what do you think the net worth of Magic Johnson would be? The net worth of Magic Johnson is around $650 million. Magic Johnson’s net worth was not achieved only through his basketball career, but his business investments in different fields played a vital role in taking the net worth to this level. He made a lot of his money by purchasing more than a hundred franchises of Starbucks for around $26 million which he later sold in 2010 earning three times the amount. Magic Johnson Enterprise has also hugely contributed to his increasing net worth.
As Magic Johnson’s net worth has increased massively in 2018, it would be interesting to see how his net worth would end up in 2020, as his business is expanding rapidly.