Magic Johnson Net Worth: How Much Has He Earn? Lifestyle And Career 2023

Magic Johnson’s net worth is $600 million, making him one of the most legendary names in the NBA. Magic Johnson is an American basketball player who won five NBA championships with the Los Angeles Lakers. He was a strong competitor who helped his high school team win the state championship in 1977. He led Michigan State to the National Collegiate Athletic Association championship in 1979, beating Larry Bird and Indiana State.

Magic Johnson was born on August 14, 1959 in Lansing, Michigan. Earvin Sr. worked on the General Motors assembly line, while his mother, Christine, was a school janitor. After seeing his role models on the court, Magic acquired a keen interest in basketball at a young age. In high school, he earned the nickname “Magic” for his clever and entertaining ball handling.

Magic Johnson Net Worth and Salary

Magic Johnson’s net worth is estimated to be $600 million as of September 2023. During his playing career, he earned over $18 million in salaries and several million more in endorsements. Johnson chose to pursue a business career after retiring from professional basketball in 1996. After retiring from it, he formed Magic Johnson Enterprises, which further increased his wealth. Apart from his business activities, he earned a lot of money thanks to his lucrative endorsement deals.

Lifestyle

Magic Johnson lives a luxurious lifestyle as a result of the enormous amounts of money he has acquired as a great basketball superstar. Magic has always loved playing basketball since he was young. Perhaps it was his love for the game that made him one of the greatest basketball players of all time. Johnson also has a daughter, Elisa, whom he and his wife Cookie adopted in 1995. He also has a son from a previous marriage, Andre Johnson.

Magic Johnson Charity

Johnson has worked as an entrepreneur, philanthropist, broadcaster, motivational speaker, and advocate for HIV/AIDS prevention and safe sex since his retirement. Johnson has been a strong advocate for the HIV community since his HIV diagnosis. In 1999, he was the keynote speaker at the United Nations World AIDS Day Conference.

Magic Johnson also serves as president and CEO of the Magic Johnson Foundation. The Magic Johnson Foundation was founded in 1991 with the purpose of “fighting HIV/AIDS through grantmaking.” “The Foundation strives to develop programs and fund community organizations that address the educational, social, and health needs of ethnically diverse metropolitan neighborhoods,” according to the foundation’s website.

The professional life of Magic Johnson

Magic took over as Lakers coach at the end of the 1994 season at the request of then-owner Jerry Buss, but the team finished 5-11. Johnson was named one of the NBA’s 50 Greatest Players of All Time in 1996. Johnson’s professional accomplishments include three NBA MVP titles, nine NBA Finals appearances, twelve All-Star games and ten honors. First and Second Team All-NBA. Magic Johnson has just agreed to join the Los Angeles Lakers advisory board.

Categories: Biography
Source: Tekmonk Bio