magic johnson net worth

Welcome to our community, and we are so grateful to have you here with us. Johnson earned nearly $40 million in salary during his NBA career. He played point guard for the Lakers for 13 seasons. He attended Everett High School which he recalls he didn’t have a good experience there due to racism; however, he was considered the … Partner of iOne Digital / Cassius Network.

He also served as Lakers’ president of basketball operations from 2017 until his abrupt resignation in 2019. His great form continued over the next few years and he scored 22.5 points, 12.8 assists, and 7.9 rebounds per game in the 1988–89 NBA season. In spite of his retirement, he was chosen to compete in the 1992 Summer Olympics for the US basketball team.

Johnson told “HBO Real Sports” that he contributed $50 million to the deal. He averaged 14.6 points, 6.9 assists, and 5.7 rebounds per game in 32 games in the season. Johnson performed exceedingly well in the 1981–82 season and averaged 18.6 points, 9.6 rebounds, 9.5 assists, and a league-high 2.7 steals per game. His favorite players were Earl Monroe, Bill Russell and Marques Haynes, and Magic trained very hard to be like them, and soon became one of the best players in school. After winning championships in high school and college, Johnson was taken No. Johnson also holds an ownership stake in the WNBA’s Los Angeles Sparks, Major League Soccer’s Los Angeles FC and the esports franchise Team Liquid. 1 overall by the Lakers (1979).

Doing huge dreams we have never done can be frightening. As of 2020, the 60-year-old entrepreneur is worth somewhere in the neighborhood of $600 million, but how did the Lakers icon get to this point? After winning championships in high school and college, Johnson was selected first overall in the 1979 NBA draft by the Lakers.As of 2019, Magic Johnson’s net worth is approximately $600 Million dollars, and he’s one of the richest athletes in the world. You really do rise or fall to the level of your associations. CLICK HERE FOR MORE SPORTS COVERAGE ON FOXBUSINESS.COM, NBA Hall of Famer Dominique Wilkins' nonprofit encouraging autistic inclusion, US senators ask Amazon if it tracks employees, curbs bids to form unions, GM Cruise's autonomous vehicles to hit the streets for testing without a human backup by the end of the year, Scotts Miracle-Gro is main financial supporter of push to legalize weed in New Jersey: report. His mother spent many hours after work each night cleaning their home and preparing the next day’s meals, while his father did janitorial work at a used car lot and collected garbage, all while never missing a day at General Motors. After announcing that he had contracted HIV, Johnson became an entrepreneur. He was born in the state of Michigan in 1959. We have reached over 155 million views in the past 6 years, and amassed over 200,000 followers on social media. Born in August, 1959 in Lansing, Michigan, Earvin “Magic” Johnson always had a natural admiration for basketball from a tender age. Even before he joined high school (Everett High School), he had already resolved to play basketball as his career. Refinance vs. loan modification: Which is better? Earvin Johnson Jr. is among the six siblings of Earvin Sr. and Christine. After his second retirement, Johnson began his business career in earnest.

In February 2017, Johnson became the president of basketball operations for the Lakers, replacing Jim Buss.

The team failed to reach the playoffs during his brief executive tenure, but they were able to acquire LeBron James in 2018. As of 2020, Magic Johnson’s net worth is estimated to be $600 million. Johnson was drafted first overall by the Los Angeles Lakers in 1979. Earvin “Magic” Johnson Jr. is an American retired professional basketball player and former president of the Los Angeles Lakers of the NBA. He’s not going to give it to anybody by playing basketball.” – Magic Johnson, “Being able to touch so many people through my businesses and make money while doing it, is a huge blessing.” – Magic Johnson, “As an athlete, I understood the value of my health insurance. Then they told me I couldn’t be a businessman and make money in urban America, and I proved them wrong. He has also become a popular media figure, appearing on a wide variety of talk and debate shows. She is the face behind the net worth profiles here on Wealthy Gorilla.
How to negotiate a lower interest rate on your credit card, Today’s mortgage rates continue to hover at historic lows | October 15, 2020, Today’s mortgage refinance rates — two key rates down | October 15, 2020. He introduced well-known brands to ethnically diverse neighborhoods via Magic Johnson Enterprises. Retired American professional basketball Earvin “Magic” Johnson Jr. has an estimated net worth of $600 million. He made a comeback as a player by re-joining the Lakers during the 1995–96 NBA season. Magic Johnson net worth: Earvin "Magic" Johnson Jr. is a retired American basketball player and entrepreneur who has a net worth of $600 million. Magic Johnson Net Worth $650 Million Magic Johnson became interested in basketball at a very young age. NBA legend Magic Johnson built a business empire following his Hall of Fame career with the Los Angeles Lakers. As of 2020, Magic Johnson's net worth is estimated to be $600 million. Johnson’s personal net worth isn’t publicly known, though various estimates suggest he is worth hundreds of millions of dollars. Now that you know all about Magic Johnson’s net worth, and how he achieved success; let’s take a look at some of the best lessons we can learn from him: If you don’t make the time for yourself to get inspired, no one around you will ever be inspired. Johnson announced his retirement in 1991 after learning that he had tested positive for HIV. I knew that in my profession, injuries were common and could happen at any time.” – Magic Johnson, “Any guy who can maintain a positive attitude without much playing time certainly earns my respect.” – Magic Johnson, “I really want people to know that I’ve worked hard, very hard, to get to where I am today.. this didn’t just happen overnight. Magic surely has plenty of magic left in him when it comes to making money, so we’ll see where he goes from here. Magic Johnson Enterprises, Johnson’s investment firm, has holdings worth an estimated $1 billion across various industries, according to its website. As of 2020, Magic Johnson’s net worth is approximately $600 million, and he’s one of the richest athletes in the world. In 2014, Johnson took part in the purchase of the Los Angeles Sparks of the WNBA. Copyright © 2014-2020 Wealthy Gorilla Limited. somewhere in the neighborhood of $600 million, LeBron James may have been best football player ever if he played, Doc Rivers claims. By this time, Magic Johnson wa… His investment firm, Magic Johnson Enterprises, now has holdings worth an estimated $1 billion … Johnson is famous for his powerful arms, agility, and speed that helped him become one of the most formidable players in the world during the 1980s. A five-time NBA champion, Johnson was the centerpiece of the “Showtime” Lakers during their prolific run in the 1980s. We are continuing on our mission to inspire and motivate people around the world. In February, he scored 15 points, along with 10 rebounds and 13 assists in a victory against the Atlanta Hawks. Have the discipline to clean out all the energy-draining people in your life. Johnson enjoyed a successful career on the court, but he has also flourished in many fruitful endeavors off the hardwood. Johnson abruptly stepped down from the position in 2019.

You can click on any of the buttons below to follow us on our social media channels; or to get in touch with the founder, Dan Western, head over to the 'contact' page. All rights reserved. He ended up signing a  25-year $25-million contract with the Lakers. Magic Johnson is a retired American professional basketball player, counted among the greatest basketball players of all time. Should you get a personal loan to pay off credit card debt? Here are some of the best highlights of Magic Johnson’s career: “Everyone thought I was going to die like a year later, they didn’t know. The 12-time NBA All-Star bought a 4 percent ownership stake in the Lakers in 1994 for $10 million. Johnson is the son of Earvin Sr. and Christine Johnson. Your email address will not be published.

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