Yet when we push to the edges of our limits, our limits expand. He introduced well-known brands to ethnically diverse neighborhoods via Magic Johnson Enterprises. Earvin “Magic” Johnson Jr. is an American retired professional basketball player and former president of the Los Angeles Lakers of the NBA. He won a championship and an NBA Finals Most Valuable Player Award, Johnson became a two-time inductee into the Basketball Hall of Fame. Have the discipline to clean out all the energy-draining people in your life. Johnson is the son of Earvin Sr. and Christine Johnson. An incident in 1991 changed his life forever; he was diagnosed with HIV infection. Emmy has been studying celebrities careers, biographies, lifestyles, and net worths for over 3 years. … In February, he scored 15 points, along with 10 rebounds and 13 assists in a victory against the Atlanta Hawks. 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. Magic Johnson is a retired American professional basketball player, counted among the greatest basketball players of all time. 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. 1 overall by the Lakers (1979). Wealthy Gorilla is one of the fastest growing self-development websites worldwide; with articles and stories covering everything from quotes, net worths, richest lists, self-development lessons, and more. 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. And they thought I couldn’t win all these championships, and I proved them wrong there as well.” – Magic Johnson. The 12-time NBA All-Star bought a 4 percent ownership stake in the Lakers in 1994 for $10 million. He averaged 14.6 points, 6.9 assists, and 5.7 rebounds per game in 32 games in the season. In March 2012, he became partial owner of the Los Angeles Dodgers. 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. He has also become a popular media figure, appearing on a wide variety of talk and debate shows. As of 2020, Magic Johnson’s net worth is approximately $600 million, and he’s one of the richest athletes in the world. Even before he joined high school (Everett High School), he had already resolved to play basketball as his career. I started in business over 25 years ago and have found a way to build on what I’ve learned through every partnership and opportunity.” – Magic Johnson, “I tell people to look at me and understand that everybody first told me that I couldn’t be a 6-foot, 9-inch point guard, and I proved them wrong. Doing huge dreams we have never done can be frightening. We are continuing on our mission to inspire and motivate people around the world. The contract started in 1984 and expired in 2009. He then retired for good following the season. Johnson’s personal net worth isn’t publicly known, though various estimates suggest he is worth hundreds of millions of dollars. He ended up signing a 25-year $25-million contract with the Lakers. He holds controlling stakes in financial services firm EquiTrust, the ASPiRE television network and various other companies. (Anthony Barboza/Getty Images), GET FOX BUSINESS ON THE GO BY CLICKING HERE. You really do rise or fall to the level of your associations. Beyond his outstanding playing career, Johnson has proven to be a savvy businessman. 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. Retired American professional basketball Earvin “Magic” Johnson Jr. has an estimated net worth of $600 million. His investment firm, Magic Johnson Enterprises, now has holdings worth an estimated $1 billion … Your email address will not be published. His parents were not well off as his father was a garbage collector and a worker at General Motors and the mother a school custodian however they dint lack food. In the early 1980s, he signed a 25-year, $25-million contract with Los Angeles. He made a comeback as a player by re-joining the Lakers during the 1995–96 NBA season. Notably, five of his former teammates were on the roster at that time, including Vlade Divac, Elden Campbell, Tony Smith, Kurt Rambis, James Worthy, and Michael Cooper. He was born in the state of Michigan in 1959. 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. She is a young Swedish girl from Uppsala, who is currently traveling around the world. He played point guard for the Lakers for 13 seasons. Emmy Wallin is a writer for Wealthy Gorilla. He has invested in a wide range of ventures over the years, including real estate, coffee shops, record labels, movie theaters and sporting goods stores. Johnson abruptly stepped down from the position in 2019. That’s right … 25 years. Copyright © ClutchPoints. Johnson enjoyed a successful career on the court, but he has also flourished in many fruitful endeavors off the hardwood. 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. Magic would later make his return as a player for the Lakers (1995-96 season) before hanging up his playing shoes for good. Although the school was predominantly white and featured certain instances of racism, he was still able to perform well and graduate successfully in 1977. Should you get a personal loan to pay off credit card debt? somewhere in the neighborhood of $600 million, LeBron James may have been best football player ever if he played, Doc Rivers claims. Former NBA basketball player Earvin Magic Johnson poses at the premiere of the movie "The Legend of Tarzan" in Hollywood, California, June 27, 2016. The idea was to have Johnson serve as part of the team’s front office in the future — an idea that later came to fruition. By this time, Magic Johnson wa… 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. His father used to play basketball back in high school and even the mother and his brothers too. Legal Statement. Earvin Johnson Jr. was born on the 14th of August, 1959, in Lansing, Michigan. This material may not be published, broadcast, rewritten, or redistributed. Mutual Fund and ETF data provided by Refinitiv Lipper. Johnson earned nearly $40 million in salary during his NBA career, including a 25-year, $25 million contract with the Lakers in 1981 that ranked as the richest deal in sports history at the time. Atlanta Hawks vice president Dominique Wilkins discusses his endorsement for former Democratic presidential candidate Andrew Yang and Wilkens' nonprofit KultureCity putting efforts towards autism awareness. Copyright © 2014-2020 Wealthy Gorilla Limited. 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. Powered and implemented by FactSet Digital Solutions. In 2014, Johnson took part in the purchase of the Los Angeles Sparks of the WNBA. Retired American professional basketball Earvin "Magic" Johnson Jr. has an estimated net worth of $600 million. 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. A five-time NBA champion, Johnson was the centerpiece of the “Showtime” Lakers during their prolific run in the 1980s. As of 2020, Magic Johnson’s net worth is $600 million. Johnson’s personal net worth isn’t publicly known, though various estimates suggest he is worth hundreds of millions of dollars. Johnson announced his retirement in 1991 after learning that he had tested positive for HIV. With five championships and three NBA Finals MVPs to his credit, the Lakers legend is a pillar of the NBA’s history. He played point guard for the Lakers for 13 seasons. Johnson was drafted first overall by the Los Angeles Lakers in 1979. Aside from his ties to the Lakers as a player and owner, Johnson briefly served as the team’s coach in 1994. Johnson told “HBO Real Sports” that he contributed $50 million to the deal. After announcing that he had contracted HIV, Johnson became an entrepreneur. 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. Johnson retired from the NBA in 1991 following his diagnosis with HIV but later returned to the Lakers for separate stints in 1994 and 1996. Partner of iOne Digital / Cassius Network. Johnson earned nearly $40 million in salary during his NBA career. 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. Then they told me I couldn’t be a businessman and make money in urban America, and I proved them wrong. NBA legend Magic Johnson built a business empire following his Hall of Fame career with the Los Angeles Lakers. After winning championships in high school and college, Johnson was selected first overall in the 1979 NBA draft by the Lakers. Magic surely has plenty of magic left in him when it comes to making money, so we’ll see where he goes from here. (REUTERS/Danny Moloshok). Magic Johnson Enterprises, Johnson’s investment firm, has holdings worth an estimated $1 billion across various industries, according to its website. Earvin Johnson Jr. is among the six siblings of Earvin Sr. and Christine. Magic Johnson net worth: Earvin "Magic" Johnson Jr. is a retired American basketball player and entrepreneur who has a net worth of $600 million. Refinance vs. loan modification: Which is better? Welcome to our community, and we are so grateful to have you here with us. In spite of his retirement, he was chosen to compete in the 1992 Summer Olympics for the US basketball team. Your email address will not be published. In 2012, Johnson partnered with a group of investors, including Guggenheim Partners CEO Mark Walter, to buy Major League Baseball’s Los Angeles Dodgers in a deal worth a then-record $2 billion. She is the face behind the net worth profiles here on Wealthy Gorilla. So I helped educate sports, and then the world, that a man living with HIV can play basketball. Magic Johnson Net Worth $650 Million Magic Johnson became interested in basketball at a very young age. His investment firm, Magic Johnson Enterprises, now has holdings worth an estimated $1 billion across various industries. As of 2020, Magic Johnson's net worth is estimated to be $600 million. He attended Everett High School which he recalls he didn’t have a good experience there due to racism; however, he was considered the … ©2020 FOX News Network, LLC. Born in August, 1959 in Lansing, Michigan, Earvin “Magic” Johnson always had a natural admiration for basketball from a tender age.
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