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Earvin “Magic” Johnson Jr. is a highly successful retired American basketball player and entrepreneur with an estimated net worth of $620 million, according to celebritynetworth.
With many accomplishments, Johnson made a name for himself by winning high school and college basketball championships before being selected as the Los Angeles Lakers’ first overall player in the 1979 NBA Draft.
He recreated pinpoint security for the Lakers for an impressive 13 seasons, earning many accolades and awards along the way, including winning the NBA Championship and the NBA Finals Most Valuable Player honor in his rookie season.
In addition to his on-court success, Johnson also served as the former president of basketball operations for the Lakers, solidifying his status as a major player in basketball.
|Name||Earvin Johnson Jr.|
|Birthdate||August 14, 1959|
|Occupation||Talk show host, Basketball player, Actor, Film Producer, Athlete, Entrepreneur, Television producer, Basketball Coach|
|Education||Everett High School and Michigan State University|
|Spouse||“Cookie” Kelly Johnson|
|Children||Earvin III (with Earlitha), Elisa Johnson (adopted), and Andre Johnson (from his premarital relationship with Melissa Mitchell)|
|Parents||Earvin Johnson Sr, Christine Johnson|
|Siblings||Brothers: Michael Johnson, Larry Johnson & Lois Johnson Sisters: Pearl Johnson, Quincy Jonson, Yvonne Johnson, Evelyn Johnson, Kim Johnson & Mary Johnson|
|Social Media Accounts||Instagram, Twitter|
|Awards/Honors||three NBA MVP Awards, three NBA Finals Most Valuable Player Awards, nine NBA Finals appearances, 12 All-Star games, and nine All-NBA First Team selections|
|Notable Works||Won 5 NBA championships and 3 MVP awards|
|Known For||basketball player|
|Weight||100 kg/220 lbs.|
|Net Worth||$620 million|
Magic Johnson NBA Career
Magic Johnson, a retired American basketball player and entrepreneur was the first overall pick of the 1979 NBA draft chosen by the Los Angeles Lakers.
During his rookie season, he helped lead the Lakers to an NBA championship, where he was named the Finals MVP.
Johnson earned 5 NBA championships with the Lakers in 1982, 1985, 1980, 1987, and 1988 and was named the NBA Finals MVP in 1980, 1982, and 1987.
He was also named the NBA Most Valuable Player three times in 1987, 1989, and 1990 and attended the All-Star game 12 times, being named the MVP of the All-Star game twice.
Known as one of the best point guards ever, Johnson’s career was cut short when he contracted HIV in 1991.
He then returned to the NBA in 1993 as the coach of the Lakers, winning five of their first six games.
However, after losing the next five games, Johnson resigned as coach, finishing his head coaching career with a 5-11. Johnson then purchased a 5% share of the team in June 1994.
In the 1995-96 season, at 36 years old, Johnson tried a response as a player and rejoined the Lakers for that season.
The Lakers had a narrative of 22-10 in the matches Johnson played, and he considered his final comeback a success.
After losing to the Houston Rockets in the 1st phase of the playoffs, Johnson retired permanently.
Throughout his career, Johnson tallied 17,707 points, 6,559 rebounds, and 10,141 assists in 905 NBA games.
His career averages of 19.5 points, 7.2 rebounds, and 11.2 assists per game make him the player with the highest average in NBA history.
Johnson also holds multiple records, including the most assists in a playoff game (24), the most assist in a Finals game (21), and the most assists in a single postseason game (2,346).
He holds the All-Star match single-game record for assists (22) and the All-Star match record for professional assists.
He is the only one to average 12 assists in an NBA Finals series, accomplishing it six times (127).
Magic Johnson Net Worth Growth
|Net worth in 2023||$620 Million|
|Net worth in 2022||$580 Million|
|Net worth in 2021||$530 Million|
|Net worth in 2020||$480 Million|
|Net worth in 2019||$430 Million|
|Net worth in 2018||$390 Million|
Magic The Entrepreneur
Magic Johnson’s retirement has been far from quiet. He has built a business empire called Magic Johnson Enterprises, now worth over $1 billion, and has contributed to his net worth of $600 million.
Johnson Theaters, a studio, and a promotional marketing company are among the company’s assets.
In 1994, he purchased a 5% stake in the Los Angeles Lakers for $10 million, which he later sold for a reported $50-60 million to billionaire Patrick Soon-Shiong in 2010.
Additionally, he sold his chain of Starbucks in 2010 for $75 million. On March 27, 2012, Magic and a team of partners bought the Los Angeles Dodgers from Frank McCourt for $2 billion.
Magic Johnson Salary Highlights
Magic made around $18 million in salaries and several million dollars in sponsorships slightly throughout his playing career.
Magic Johnson Real Estate
Cedric and his wife possess two homes; one in the prestigious Beverly Park gated community in Beverly Hills and the other a beach house in Dana Point, Orange County.
Previously, they owned a house in Napili, Hawaii, but they exchanged it for their current beach house due to its proximity to their children as they grew up.
Magic Johnson Car Collection
Magic Johnson, the former NBA superstar and entrepreneur is known for his luxurious lifestyle, and his car collection is no exception. He owns a fleet of high-end vehicles that includes a Rolls-Royce Phantom, a Lamborghini Aventador, a Ferrari F430 Spider, a Cadillac Escalade, a Mercedes-Benz SLS AMG, and many more.
One of the most remarkable cars in Magic Johnson’s collection is his customized purple and gold Rolls-Royce Phantom, which features his signature on the dashboard and the Lakers logo on the headrests. Another eye-catching car in his collection is his white Ferrari F430 Spider, which he often drives to Lakers games.
Overall, Magic Johnson’s car collection reflects his taste for luxury and his appreciation for high-performance vehicles.