Here we talk about the net worth of Magic Johnson. In this article, we are telling about net worth & salary. We are also telling you about their early life, personal life & so many things. In today’s piece, we’ve discussed every aspect of Magic Johnson career. Please continue scrolling down!
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What are Magic Johnson Net Worth, Salary, and Career Earnings?
Former NBA star and business mogul Earvin “Magic” Johnson Jr. is worth an estimated $620 million. He had already won high school and collegiate basketball titles before being taken first overall by the Los Angeles Lakers in the 1979 NBA Draft.
He spent 13 years as a starting point guard for the Los Angeles Lakers. In his first year in the league, he was named MVP of the NBA Finals and won the championship. After his time with the Lakers, Johnson became their president of basketball operations. Please check this Lauren Boebert Net Worth
NBA Career
The Los Angeles Lakers choose Magic with the first overall pick in the 1979 NBA draught. Magic and Kareem Abdul-Jabbar led the Lakers to the NBA title in his rookie year, and Magic was awarded the Finals MVP.
Magic led the Lakers to NBA glory on five separate occasions (1980, 1982, 1985, 1987, and 1988). In 1980, 1982, and 1987, he was the most valuable player in the NBA Finals.
In 1987, 1989, and 1990, he was named NBA MVP all three years. In his career, he made it to the All-Star game 12 times and twice won the game’s most valuable player award. They say he’s the best point guard in NBA history. please read also Charles Barkley Net Worth
In 1991, Magic contracted HIV, effectively ending his career.
In the latter part of the 1993–1994 NBA season, Magic returned to the league as the head coach of the Los Angeles Lakers. At team owner Jerry Buss’s suggestion, he took over for Randy Pfund and Bill Bertka.
5. Magic Johnson
Net Worth: $600MEarvin “Magic” Johnson is a former star of the Los Angeles Lakers.
Johnson became a co-owner of the Los Angeles Dodgers in 2012 after purchasing the team for a record-breaking $2 billion. pic.twitter.com/RsVh42c7WW— 📍Davies 📍 (@TheeRealDavies) December 17, 2022
After a promising start to the season (five wins in their first six games) the Lakers’ play dropped off and Johnson announced his resignation as coach. The season concluded with a ten-game losing skid for the Lakers, and Johnson was fired with a 5-11.
After admitting that coaching was never his ultimate career goal, he instead bought a 5% stake in the squad in June 1994. please read also François-Henri Pinault Net Worth
Magic Johnson, at 36 years old, tried to make a comeback as a player and re-signed with the Lakers for the 1995–96 season. The Lakers were 22-10 in his final season and Johnson called it a “success.” After the Lakers were eliminated in the first round of the playoffs by the Houston Rockets, Johnson decided to call it quits for good.
Johnson played in 905 games for the NBA, scoring 17,707 points, grabbing 6,559 boards, and dishing out 10,141 assists, good for 19.5 points, 7.2 boards, and 11.2 assists per game on average. His assist average is the greatest in NBA history.
Johnson has the most postseason assists and is tied for the most playoff assists in a game with Kobe Bryant (2,346). Six times in the NBA Finals, he led the team in assists and is the only player to do so. Both the All-Star Game record for most assists in a single game and the All-Star Game record for most assists in a career (50) is his (127).
Magic the Entrepreneur
Magic’s retirement has not been peaceful. Retirement saw the creation of Magic Johnson Enterprises, which has since grown to be worth over $1 billion and provided Magic with a personal net worth of $600 million. Magic Johnson Theaters, Magic Johnson Studios, and Magic Johnson Promotions are all subsidiaries of Magic Johnson Enterprises.
A portion of the Lakers franchise, purchased by Magic for $10 million in 1994 and then sold to billionaire Patrick Soon-Shiong for an estimated $50-60 million in 2010, is now owned by the latter. Johnson also sold his Starbucks empire in 2010 for $75 million. please check this Richard Branson Net Worth
Magic Johnson and his investors bought the Los Angeles Dodgers from Frank McCourt on March 27, 2012, for a reported $2 billion. Learn more at this link: In a deal worth $2 billion, Magic Johnson has purchased the Los Angeles Dodgers.
Salary Highlights
Magic’s career earnings totaled slightly over $18 million, including his salary and endorsement deals worth several million more.
Real Estate
In the exclusive Beverly Park neighborhood of Beverly Hills, Johnson and his wife have their own home. Furthermore, the pair has a beach property in Dana Point, Orange County, California, that is decorated in the Tuscan style.
Napili, Hawaii was too far away for the couple to visit when their kids were little, so they traded it for a beach house around 75 miles south of Beverly Hills. please check also Harrison Ford Divorce
Conclusion
If you are a fan of the series “Magic Johnson Net Worth” is a must-watch. The series is about a celebrity & his personal life details that will make you go “Geeeeez” while watching it (even if you don’t like this expression).
Its high-quality graphics make it mesmerizing, along with animation effects. It will engage you for hours, so if you have not watched it yet, do watch it, & let me know how much you like it in the comment section.
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