Magic Johnson is an American basketball player, entrepreneur and philanthropist. He is one of the most famous basketball players of all time and has a net worth of over $600 million. He is also an influential figure in the business world, having founded several successful companies. In addition, Johnson has been involved in various philanthropic activities throughout his career. In this article, we will look at Magic Johnson’s net worth, biography, age, house and more.
Magic Johnson’s Net Worth
Magic Johnson has an estimated net worth of $600 million. He earned most of his wealth from his playing career with the Los Angeles Lakers. He also has various business ventures which have helped to add to his net worth. Johnson is an investor in the Los Angeles Dodgers and his Magic Johnson Enterprises has a stake in the ownership of the Los Angeles Sparks. He also owns a chain of movie theatres, fitness centres and a production company.
In addition, Johnson has various endorsement deals with major companies such as Nike, Coca-Cola and TBS. He also has his own line of apparel and footwear. All of these deals have helped to increase Johnson’s net worth.
Magic Johnson’s Biography
Magic Johnson was born Earvin Johnson Jr. on August 14, 1959 in Lansing, Michigan. He was raised in a poor family and his father worked as a General Motors assembly line worker. Johnson attended Everett High School where he excelled at basketball. He led his team to a state championship and was named Michigan’s Mr. Basketball in 1977.
Johnson went on to attend Michigan State University where he led the Spartans to the NCAA championship in 1979. He was selected by the Los Angeles Lakers with the first overall pick in the 1979 NBA draft. Johnson went on to have an illustrious career with the Lakers, winning five championships and three MVP awards. He also won a gold medal with the US Olympic team in 1992.
Johnson retired from the NBA in 1996 after contracting HIV. After his retirement, he has become an influential figure in the business world, founding several successful companies. He is also involved in various philanthropic activities and is a major advocate for HIV/AIDS awareness.
Magic Johnson is one of the most influential figures in basketball history. His net worth is estimated to be over $600 million and he has numerous business ventures. He has also been involved in various philanthropic activities throughout his career. Johnson is an inspiration to many and is an example of what can be achieved with hard work and dedication.
