Magic Johnson Net Worth 2022:
Earvin “Magic” Johnson Jr. is a former American basketball player and entrepreneur with a $620 million net worth (2022). After winning high school and college basketball titles, he was taken first overall by the Los Angeles Lakers in the 1979 NBA Draft. He was the Lakers’ point guard for 13 seasons. During his rookie season, he won the NBA Championship as well as the NBA Finals Most Valuable Player Award. Johnson was the Lakers’ former president of basketball operations.
Who is Magic Johnson?
Earvin “Magic” Johnson Jr. (born August 14, 1959) is a former professional basketball player from the United States and the former president of basketball operations for the Los Angeles Lakers of the National Basketball Association (NBA). Often recognized as the best point guard of all time, Johnson played with the Lakers for 13 seasons and was named one of the 50 Greatest Players in NBA History in 1996, as well as being named to the NBA 75th Anniversary Team in 2021.
After winning titles in high school and college, the Lakers picked Johnson first overall in the 1979 NBA draft. In his debut season, he won a championship and the NBA Finals Most Valuable Player Award, and he went on to win four more championships with the Lakers throughout the 1980s. Johnson announced his retirement in 1991 after contracting HIV but returned to play in the 1992 All-Star Game, earning the All-Star MVP Award. He retired again for four years after objections from his teammates, but returned in 1996, at the age of 36, to play 32 games for the Lakers before retiring for the third and last time.
Magic Johnson’s NBA Career:
The Los Angeles Lakers drafted Magic Johnson first overall in 1979. Magic and Kareem Abdul-Jabbar led the Lakers to the NBA title in Magic’s debut season. With the Lakers, Magic won five NBA titles in 1980, 1982, 1985, 1987, and 1988. Three-time NBA Finals MVP (1980, 1982, 1987). He won the NBA MVP award in 1987, 1989, and 1990. He was a 12-time All-Star and two-time MVP. He is considered as the greatest point guard ever.
Magic returned to the NBA as a coach with the Lakers in 1993-94. Jerry Buss asked him to replace Randy Pfund and Bill Bertka. After winning five of their first six games, Johnson stated that he will step down as coach at the end of the season. The Lakers finished the season with a ten-game losing streak, and Johnson was 5–11. He declared he never wanted to coach, therefore he bought a 5% share in the team in June 1994.
Magic Johnson, at 36, rejoined the Lakers for the 1995-96 season. Johnson’s last comeback was a “success” for the Lakers, who went 22–10. Johnson retired permanently after the Lakers fell to the Houston Rockets in the first round.
Johnson had 17,707 points, 6,559 rebounds, and 10,141 assists in 905 NBA games, for career averages of 19.5 points, 7.2 rebounds, and 11.2 assists per game, the best in NBA history. He’s the only player to average 12 assists in six NBA Finals series. He has the All-Star Game single-game (22) and career (22) assist records (127).
A modest wedding was held in Lansing, Michigan, in 1991 for Johnson and Earlitha “Cookie” Kelly. As a result of their marriage, Earvin III (EJ) was born in 1992, and he is now publicly homosexual. The reality television program Rich Kids of Beverly Hills featured EJ. Their adoptive daughter Elisa was born in 1995 to Magic and Cookie. Johnson and his wife reside in Dana Point, California, and Beverly Hills, California.
Also, Johnson has a son from an ex-girlfriend of his. Melissa Mitchell gave birth to Andre Johnson in 1981. Andre was raised by his mother, although he spent every summer with Johnson and ultimately worked for Magic Johnson Enterprises as a marketing director.
Magic Johnson Net Worth Growth in Last 5 Years:
|Net Worth in 2022||$600 Million|
|Net Worth in 2021||$560 Million|
|Net Worth in 2020||$520 Million|
|Net Worth in 2019||$480 Million|
|Net Worth in 2018||$440 Million|
Magic Johnson has joined Josh Harris in his bid:
According to a source close to the situation, Earvin “Magic” Johnson has joined the bidding for the Denver Broncos. According to the person, who requested anonymity because the details are private, the former NBA great has joined the bid group led by Philadelphia 76ers co-owner Josh Harris.
What is Magic Johnson doing now?
Magic Johnson is currently an entrepreneur that focuses on delivering premium businesses and services to underserved urban areas. While he has earned millions of dollars, he is a philanthropist and stays focused on developing generational wealth. In 2021, he told The Guardian, “We, as Black people, have never really understood generational riches and passed it on.” We are finally beginning to understand this. He said, “It empowers our community. These children can now see themselves not just as basketball or football players, but also as businessmen. So, it is important that we have authority and a seat at the table.”
|Net Worth:||$600 Million|
|Salary:||$40 Million +|
|Monthly Income:||$3 Million +|
|Date of Birth:||August 14, 1959|
|Height:||2.06 m. (6’ 9”)|
|Profession:||American former professional basketball player|